Posts tagged ‘Mobile World Congress’

02/04/2015

African phone sales soar, Chinese makers have 30% of market – Business – Chinadaily.com.cn

With a growing number of Chinese cell phone makers taking giant strides in overseas markets, Africa, with its huge population, is also in its sights.

African phone sales soar, Chinese makers have 30% of market

OPPO, a Chinese producer, has unveiled two smartphones, OPPO N3 and OPPO N5, in Morocco, taking the number of Chinese cell phone makers in Africa above 10.

The first batch of manufactures entering the African market were copy makers based in Shenzhen, South China’s Guangdong province, China Business News cited Yan Zhanmeng, a senior analyst of IDC China, as saying. With a smartphone boom in 2013, more famous Chinese makers have been tapping into the market, Yan added.

IDC data showed that the market share of Chinese cell phone brands rose to 30 percent in 2014, from 15 percent two years earlier. Huawei, Tecno and Alcatel have entered the top five in the African market, which surged 108 percent last year.

Africa has a population of one billion, accounting for 15 percent of the world population. Most important is that the number of cell phone users has exceed 200 million, even during the 2009 financial crisis, the growth rate hit 14.8 percent.

Nigeria, with the biggest population in Africa, currently has the most cell phone users, accounting for 16 percent of total users on the continent, followed by Egypt and South Africa. In the next five years, the most obvious growth will focused in Central and East Africa, among which growth in Ethiopia, Congo, Eritrea and Madagascar is expected to exceed 100 percent.

via African phone sales soar, Chinese makers have 30% of market – Business – Chinadaily.com.cn.

11/03/2015

India’s Millionaires Have Been Leaving the Country in Droves – India Real Time – WSJ

India may have been minting millionaires at an unprecedented rate over the past decade, but it has also seen many of its seven-figured-citizens escape to other countries.

The latest Knight Frank’s annual Wealth Report–which looks at the spending habits of the rich, the superrich and the “I have my own Boeing but forgot where I parked it,” rich—estimates that more than 43,000 Indian millionaires left the country to settle elsewhere in the past 10 years. That is second only to China, which saw a private-plane drain of more than 76,000 people, according to estimates from property company Knight Frank and immigration consultancy Fragomen.

While Indians tended to take their railway cars full of rupees to other English-speaking countries, government restrictions have slowed the flow of Indian millionaire money in recent years, said Liam Bailey, global head of research at Knight Frank

“High net-worth Indians are a big part of the prime market in places like London and that has been slightly undermined in the last two years by the tightening of capital controls (in India) making it much more difficult to export capital,” he said.

China lost the most rich migrants as 76,200 of its millionaires left to settle in places like Hong Kong, Singapore, the U.S. and Australia. After the two billion-person emerging markets, the biggest losers in terms of millionaire migrants were France, Italy, Russia, Switzerland and Indonesia. You wouldn’t think the rich and famous would be so anxious to leave Europe but apparently high taxes on the high earners encouraged many to leave.

In terms of the countries that attracted the most millionaire migrants, the United Kingdom was the leader by a huge margin. Around 114,000 rich folks from elsewhere settled in the quaint island nation during the 10 years through 2014. It was followed by Singapore, which attracted more than 45,000 new, rich citizens, the U.S., which welcomed 42,000 elite expats and Australia, which became home to 22,000 rich newcomers. Finishing up the list of the seven most-popular countries for millionaires to escape to, were Hong Kong, Canada and United Arab Emirates.

Despite the exodus, many of the people Knight Frank has dubbed “ultra-high-net-worth individuals” remained in India.

Last year, Mumbai was home to the most, with 619 UHNWIs, who Knight Frank describes as people worth at least $30 million. Delhi was a distant second with only 157 as wealthy, followed by Bangalore with 75, Chennai with 49, Hyderabad with 39 and Ahmedabad with 20. Kolkata was not mentioned in the report.

via India’s Millionaires Have Been Leaving the Country in Droves – India Real Time – WSJ.

09/05/2013

* Nokia Unveils $99 Asha Smartphone

WSJ: “Nokia Corp., NOK1V.HE +0.30% struggling to regain ground in the competitive smartphone market, unveiled a $99 touch-screen smartphone for India and other emerging markets to help drive sales.

image

At a product launch event in New Delhi Thursday, Nokia said its Asha 501 will run on the new Asha platform.

The Finnish handset maker said the smartphone will initially run on a second-generation network, but it plans to expand the device for faster 3G services.

Nokia President and CEO Stephen Elop at a news conference at the Mobile World Congress in Barcelona in February.

Chief Executive Stephen Elop said the smartphone was built on the design inspired by the company’s higher-end Lumia smartphone and is targeted at “young, socially inspired” people.

The smartphone has a 3.2 megapixel camera, weighs 98 grams and has a memory capacity of 4 gigabytes that can be expanded to 32 gigabytes. It comes in different colors including red, green, yellow and white, the company said in a statement.

Nokia, once the world’s largest phone maker, has struggled to compete in the high-end smartphone market dominated by Apple Inc. AAPL +1.12% and Samsung Electronics Co. 005930.SE +1.81% Adding to its woes is stiff competition from Chinese manufacturers as well as other low-cost Indian phone makers such as Micromax Informatics Ltd.

Up until last year, the Finnish mobile company’s last stronghold was India, but it is seeing increasing threat from Samsung in the country.

Nokia held a 26% share of the 170 million handsets shipped to India in 2012, with Samsung following closely behind with 22% of the market, data from Singapore-based mobile research firm Canalys shows.

In the fourth quarter, Nokia ranked second globally with 18% of the market, down from 23.4% a year earlier. Samsung ranked first with 22.7% and Apple Inc.’s market share rose to 9.2%.

Despite losing share to Samsung, Nokia’s handset sales improved due to strong demand for its Asha series and Lumia Windows phones, market research firm Gartner said.”

via Nokia Unveils $99 Asha Smartphone – WSJ.com.

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