Smartphone maker Xiaomi’s second quarter revenue rose a record 64% from a year earlier, it said on Wednesday, as it capitalised on US sanctions against rival Huawei Technologies.
Samsung Electronics has snatched back the crown from Apple as the world’s biggest smartphone producer, accounting for a fifth of overall global sales in the first quarter, market research firm Canalys said.
LG Electronics has reorganised its mobile phone division to increase outsourcing of its low-end to mid-tier smartphones, which analysts said represented an attempt to cut costs and compete with Chinese rivals.
Chinese handset rivals of Huawei including Xiaomi, Oppo and Vivo are making aggressive moves to seize market share from their giant rival.
Huawei Technologies is in talks with Digital China Group and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to $3.7-billion, people with knowledge of the matter said.
Chinese smartphone manufacturer Oppo has launched an office in South Africa and plans to bring a range of the company’s devices to the local market.
Samsung is investing heavily in the next step in miniaturising semiconductors, a process called extreme ultraviolet lithography. It’s by far the priciest manufacturing upgrade Samsung has ever attempted.
Vivo, one of China’s biggest smartphone brands, has been launched in South Africa. The company has partnered with Vodacom for the initial launch of devices.
Apple’s decision to skip support for the latest wireless standard on its new iPhones may cost the company a chance at capturing China’s biggest smartphone replacement wave in years.
Apple and Samsung’s domination of the smartphone world is being challenged like never before, with Chinese companies muscling in with cheaper and just as innovative devices.