Tag: mobile news

Smartphone market in China is now led by Xiaomi

The company has experienced massive growth in the country, skyrocketing its size and share.

The founder of Xiaomi, Lei Jun, has already announced that the massive growth that his company has seen in the Chinese smartphone market has not only pushed it to the top in China, but it has also placed it in the fifth spot among the largest handset makers in the world.

This was accomplished despite the fact that the company was still relatively obscure only one year ago.

Now, Xiaomi has taken the lead in cell phone sales in China. This is a massive accomplishment, considering that the country represents the largest smartphone market on the entire globe. A technology research report that was recently published by Canalys underscored the tremendous growth that the company has been making. It has managed to jet right past other giants within the space, such as Lenovo and even Samsung, in order to take its crown in the country.

Due to the sheer size of the Chinese smartphone market, it has secured Xiaomi as the fifth largest cell phone maker in the world.

Smartphone Market - Xiaomi leadingThe Canalys report went on to say that throughout the second quarter of 2014, Xiaomi managed to ship a tremendous 15 million smartphones within China. During the same quarter of 2013, that figure had been only 4.4 million. To compare, the report showed that Samsung sold 13.2 million cell phones within the country during that quarter, which was a decline from the 15.5 million that it had sold during the same period of time last year.

As a whole, there was a 240 percent year over year growth experienced by Xiaomi during the second quarter. It currently holds an estimated 14 percent of the cell phone device market in China.

According to Chris Jones at Canalys, the company managed to make this tremendous progress within this mobile device sector because it took on an entirely different strategy to its competition. The majority of manufacturers in the country’s smartphone market focus on price when it comes to their competition. That said, Xiaomi placed its focus on its marketing, branding and sales strategies.

Technology news from Samsung includes explanation for disappointing earnings

According to the electronics giant, it was a considerable influx of competition that caused the lower than expected results.

Wall Street analysts and investors, alike, were disappointed by the technology news that was recently released by Samsung in terms of its earnings, which missed the predicted mark by a notable amount.

Now, the tech giant has announced that the reason that the earnings were not as hoped, was due to competition.

This is not the first time that the company has had to leave technology news that shows that it knows how to excel but that it faces a considerable struggle when it comes to trying to maintain a tremendous market share across a landscape that is continually growing in its competition. The South Korean electronics company has shown several times that it is strong when it comes to leading the way but that it finds the situation challenging once a range of other players start to catch up in the game.

The Samsung technology news release reported second quarter earnings for 2014 which showed a 20 percent profit drop.

Technology News - SamsungThis, when compared to the same quarter during 2013. The company also saw a decrease in its revenue by 8.9 percent. This is the first time that the company recorded a year over year net profit drop since 2011 in the third quarter. Since that time, it has been maintaining a steady climb in this area.

That said, the Wall Street Journal has been reporting that Samsung has every intention of bringing two new high end smartphones to the market shelves “soon”. In all likelihood, this will occur before the end of the year. The strategy will be to help to hold off any more decline in revenue or losses in the market.

According to a technology news statement made by the company, “Prospects for growth remain unclear as competition over global market share intensifies in the mobile industry.” The second quarter of 2014 saw the company’s shipments at 74.3 million smartphones, which was strikingly below the predictions that had been made by Wall Street about the device sales under that brand name.