India has presented a considerable opportunity for the makers of handsets in China.
There are currently twelve smartphone manufacturers from China that are currently making technology news by cutting their way into the handset market in India over the last few years, and their share is continuing to rise.
A couple of years ago, they took only 1-2 percent, but now they have risen above a 10 percent share.
These companies sell devices that are as inexpensive as $49.99 to the more premium products that are over $650. The technology news that is being made has to do with the fact that they are starting to bite into the share of the market that has previously been held by other manufacturers. As these devices have made their way onto store shelves in India, they have already started to take off.
Technology news was already being made in China where these devices taken a bite out of Apple’s turf.
Now they are moving outward in Asia, as the smartphone market’s growth is starting to slow in China. These manufacturers of mobile devices are looking for opportunities elsewhere, including India, the Philippines, and Indonesia, among others. The growth that they are expected to experience is predicted to be quite fast. India is already the third largest smartphone market in the world and it has the highest growth in the Asia Pacific region for these devices.
According to the IDC, the year over year growth in smartphone shipments during the first quarter of 2014 was a massive 186 percent – nearly doubling its figures from the same quarter in 2013. It is estimated that in India, there are slightly more than 30 million smartphones being sold every year.
Furthermore, fewer than one in ten mobile users in India currently has a smartphone, and only approximately 17 percent of the cell phones shipped into the country in 2013 fit into that category. This could suggest to the Chinese smartphone manufacturers that this country is primed and ready for the evolution in mobile tech, and grabbing hold of that market could make massive technology news for those companies.
Fashion is playing a role in people’s interest in wearable devices
Acclaimed technology firm Intel has claimed that wearable devices are as much about fashion as they are about technology. Wearable technology is beginning to see a great deal of exposure and new devices that offer a wide range of features are finally becoming commercially available. It may be years before these devices become as popular as smartphones and tablets, and their popularity may be intrinsically tied to their appeal as fashion accessories.
Many people are concerned about their fashion choices
Fashion happens to be a serious matter for many people. A large portion of the population spends a great deal of time thinking about what to wear and how their clothing and accessory choices will affect how they are seen. This has been something of a concern for many people for centuries and fashion has often directed the course of technology, especially when it comes to using technology publically. Cell phones initially won favor among consumers because they were both convenient and fashionable to use at the time. Smartphones quickly won popularity because of their more discreet nature and the fact that they served as a sort of status symbol when they were first introduced.
Wearable devices are too cumbersome for most people
Intel notes that many people currently see wearable devices as “geeky” or ugly. People are unwilling to use these devices because many of them are cumbersome in design and do not lend themselves well to people’s fashion tastes. While some of these devices may be very attractive from a technology standpoint, they are not so from a fashion perspective, and that may be the reason why people are not as excited for these devices as tech firms want them to be.
Intel contest aims to reward developers that take fashion into account
Intel has launched its own competition hoping to encourage tech developers to take fashion into more consideration. The company is offering a $500,000 grand prize for those participating in its Build It Development Track. The contest is meant to promote wearable devices that are both environmentally friendly and attractive from a fashion perspective.