Retail News CRM

Category: Electronics

Retail News Asia is committed to providing both local and global retailers with the latest Electronics news throughout the Asian market. This on a daily base.

  • Mobile wallet outshines credit cards in India

    Mobile wallet outshines credit cards in India

    Mobile wallet may be a new concept, but Indians seemed to have adopted the mechanism faster than credit cards. While there are about 10-12 companies operating in the mobile wallet space, Noida-based Paytm has more than 20 million active users. The number is actually higher than the cumulative number of credit cards in India.

    According to the Reserve Bank of India (RBI), the total number of credit cards issued by 55 scheduled commercial banks in India is 19.9 million as of October 2014. HDFC Bank issued the highest number of credit cards – 5.6 million – followed by 3.3 million by ICICI Bank.

    On the other hand, banks have issued as many as 441 million debit cards in India so far.

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  • Apple’s strategic ‘luxury move’

    Apple’s strategic ‘luxury move’

    According to social analytics company NetBase’s most recent Brand Passion Report, Apple ranks second among top luxury brands in the world, behind only Louis Vuitton and ahead of brands such as Chanel, Burberry, Hermes and Gucci. “Consumers’ definition of luxury brands are ever-changing,” Pernille Bruun-Jensen, chief marketing officer of NetBase, tellsMarketing Daily.

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  • Tablet sales slow down

    Tablet sales slow down

    Demand for tablets will continue to be slow in 2015, with sales reaching 233 million units for the year, or only an 8 percent increase from 2014, research firm Gartner said.

    Ranjit Atwal, research director at Gartner, said global sales have been growing in double digits prior to 2014.

    “The steep drop can be explained by several factors. One is that the lifetime of tablets is being extended – they are shared out among family members and software upgrades, especially for iOS devices, keep the tablets current. Another factor includes the lack of innovation in hardware, which refrains consumers from upgrading,” he said.

    The Tablets category includes devices such as, iPad, iPad Mini, Samsung Galaxy Tab S 10.5, Nexus 7 and Acer Iconia Tab 8. Other Hybrids/Clamshells include devices such as HP Pavilion 11, Lenovo Yoga 2 11 and Dell Inspiron 13.

    At the Consumer Electronics Show (CES) this week, Gartner analysts expect the vendors in the devices space to announce new partnerships that lead to innovative apps that use personal data to tailor the user experience.

    Meanwhile, the mobile phone segment is on pace to grow 3.7 percent in 2015 and reach two billion units in 2016.

    In the operating system (OS) market, Android surpassed a billion shipments of devices in 2014, and will continue to grow at a double-digit pace in 2015, with a 26 percent increase year over year.

  • LINE introduces mobile payment service

    LINE introduces mobile payment service

    Mobile platform LINE recently introduced a mobile money and transfer purchasing service called Line Pay, which is a new feature included in its 4.8 version update.

    With 170 million monthly active global users, LINE said the platform will provide a means through which shoppers can make make secure and convenient payments anytime, anywhere, straight from their smartphone.

    In the first phase of its release, LINE Pay will support only payments on LINE store. Users can register their credit cards to purchase paid content such as stickers and apps.
    All charges on the LINE Store made via LINE Pay will receive discounts of up to 25 percent for a limited time.

    In the future, the company said more offline shops and additional features such as money transfers between LINE users will be included.

    To ensure security in transactions, a LINE Pay-exclusive passwords is required, which prevents features from being used even if the account is logged in to by a third party. LINE said it also utilizes a monitoring system to detect and report accounts that are suspected of illicit activity and will work to ensure a safe and secure payment service for its users.

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  • Rise in the market for video surveillance

    Rise in the market for video surveillance

    The growing use of video surveillance systems in sectors such as hospitality, banking and financial, government, transportation, education and retail has created huge growth opportunities for the manufacturers, distributors and system integrators in this industry.

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  • CUCKOO Electronics opens second store in Vietnam

    CUCKOO Electronics opens second store in Vietnam

    Korea’s home appliances company Cuckoo Electronics Co. Ltd. recently opened its second branded shop in Vietnam.

    The store is located in Hanoi Trung Hoa, a high-density residential city as well as a hub of business, administration, commerce, industry, culture and education.

    The company’s first shop in Vietnam opened in July in Phu My Hung, Ho Chi Minh City.

    “By opening this second branded shop in Hanoi after the Ho Chi Minh shop, Cuckoo Electronics is expanding its distribution channels and increasing brand awareness throughout major cities in Vietnam,” a company spokesperson said in a news release.

    “We will continue to enhance our reputation in Vietnam through Cuckoo’s exclusive strengths, such as high quality products, technology and localization strategies,” he added.

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  • China Mobile eyes 250 million 4G customers next year

    China Mobile eyes 250 million 4G customers next year

    China Mobile, China’s largest telecommunication service provider, has forecast that it will have 250 million 4G customers in 2015.

    The company has experienced robust 4G business growth in 2014 and had more 50 million 4G users as of the end of October, China Mobile chief executive officer Li Yue said on Friday.

    China’s 4G is powered by the homegrown technology, Time-Division Long-Term Evolution (TD-LTE), one of the two major international standards in the mobile telecom industry, the other being Frequency Division Duplex.

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  • Samsung to hit back at Xiaomi with budget phone

    Samsung to hit back at Xiaomi with budget phone

    Samsung Electronics is gearing up to release a low-cost Tizen-powered smartphone in the USD100 price range, according to local media reports, responding to intensifying competition from Chinese budget smartphone makers shaking up the market.

    The phone will be launched in India, the world’s third largest smartphone market, by end-January, South Korea’s Yonhap news agency reported on Sunday, citing industry sources.

    Tizen is Samsung’s homegrown operating system which seeks to lessen its reliance on Google’s Android. While the majority of Samsung’s mobile devices run on an Android platform, the Tizen platform has been used to power some of its wearables, including its first smartwatch products.

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  • Vietnam’s largest mobile phone retail chain Mobile World’s profits up

    Vietnam’s largest mobile phone retail chain Mobile World’s profits up

    The Gioi Di Dong (Mobile World) Joint Stock Company, Vietnam’s largest mobile phone retail chain, has reached a post-tax profit of VND609 billion (USD29 million) after 11 months, 140 percent of the annual target, the company has announced.

    The revenue during this period was more than VND14 trillion (USD666 million), as much as 108 percent of the annual target.

    The company also announced that it will reach the target to open 350 outlets nationwide by the end of the month.