Tag: Xiaomi

Performance of Worldwide Major Mobile Phone Vendors in 4Q 2016 Displays Remarkable Growth

Albany, New York, February 13, 2017: With the continuous highly competitive environment in the digital world, a lot of mobile vendors are putting so many efforts every year to be the dominant leader in the worldwide mobile market. To analyze the market growth and performance in recent periods, a new study has been published to the online repository of Market Research Hub (MRH), headlined as “Worldwide Major Mobile Phone Vendor Performance in 4Q 2016”.This research study presents worldwide mobile phone shipment volume forecast for the period of 1Q of 2015 to 1Q of 2017 along with a modern quarter review of major mobile phone vendors’ performance.

Browse Full Report with TOC – http://www.marketresearchhub.com/report/worldwide-major-mobile-phone-vendor-performance-4q-2016-report.html

As the world is becoming more digital, the demand for the best-featured smartphone is increasing day by day. Most of the individuals, whether students, businessmen and women etc. are demanding mobile phones which provide them an ease in performing actions. Also, the mobile world continues to change rapidly as new types of devices, services and technologies come and go. It is of highest importance for marketers to stay on top of the ever-changing mobile world. As per the analysis of the third quarter of 2016, three Chinese leading vendors including Huawei, Oppo and BBK Communication Equipment, jointly accounted for 21% of the smartphones sold to users globally. They were the only smartphone vendors in the global top five to boost their sales and market share during this quarter.Mobile Phone Vendors Growth Report

According to the key findings of the report, in the fourth quarter of 2016, vendors have also come up with strong growth. Some of the Chinese brands including Huawei, Oppo and Vivo, global smartphone shipment volume has bolstered with about 490 million units in 3Q of 2016 and also further anticipated to topped about 419 million units in 4Q of 2016. Among these, 370.5 million units of which were smartphones, which witnessed rapid growth, up 5.9% in sequence and 3.6% year-on-year by global demand. The rapid estimation of shipment volume in the smartphones market also represents a 2.9 % year-on-year growth.

Furthermore, it has also been analyzed by the report that growth in key markets such as China was up 18%, in which 50% were iPhone owners. Sales in many developing markets were also up, as India saw the biggest increase among the BRIC countries with 76% growth. The report also analyzes that, Huawei is finishing the gap with Apple. The highly competitive and feature-packed Honor devices maintained their sales drive in the market around the globe and also expected to remain dominant.

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At present, leading vendors in the mobile phone market are Apple, HTC, Microsoft, Nokia, Samsung, Sony Mobile, Huawei, Lenovo, LG, Xiaomi and ZTE.

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Xiaomi Mi Pay launches mobile payments service in China

This makes the company the latest smartphone maker to step into that Chinese market.

Xiaomi Mi Pay has launched in China. This has added yet another mobile payments option for consumers in the country. It also means that Xiaomi has become the latest in a series of smartphone makers offering a mobile wallet in China.

The Mi Pay mobile payments service is a contactless payments system using NFC technology.

So far, Xiaomi Mi Pay supports debit cards from 12 banks and credit cards from 20 banks. These include China Merchants Bank, China Construction Bank, Bank of Communications, Industrial and Commercial Bank of China, and Bank of China, among others. According to Xiaomi, a smartphone user will be able to add up to eight cards to their mobile wallet.

Xiaomi Mi Pay - China Mobile PaymentsLei Jun, CEO and founder of the company, said “We believe that Mi Pay will be a key driving force in promoting the development of China’s mobile payments industry, and deliver much more convenience to our users.”

Xiaomi Mi Pay jointly launched with the China UnionPay state-run nationwide mobile payments system.

There are already a number of large scale mobile payments systems that have launched in China and around the world. Among the biggest names include Apple Pay, Samsung Pay and WeChat Pay from Tencent, as well as Alipay from Alibaba. These are all available in the largest smartphone market in the world, which is the Chinese marketplace.

Mi Pay users will also be able to take advantage of added mobile wallet features. Aside from debit and credit cards, they can also add public transportation cards. This way, they can avoid the need to dig a card out of a wallet or bag when they likely already have their smartphones in their hands.

In order to use Xiaomi Mi Pay, the smartphone must be near field communication (NFC) enabled. The NFC technology makes it possible for the device to communicate the necessary information with either a tap against the reader or by waving the device in front of it. In the name of mobile security, the NFC technology using smartphones underwent tests to ensure they could withstand a range of non-invasive and invasive attacks to break through encryption and reach private data. Moreover, this mobile wallet uses multiple authentication mechanisms to verify transactions.