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Tag: Electronics

  • Vingroup’s smartphone launched soon

    Vingroup’s smartphone launched soon

    Vietnam’s largest private conglomerate, Vingroup, will introduce its first smartphones on December 14 as part of its tech expansion. The company will launch four new models under the brand name “Vsmart,” at the Landmark 81 skyscraper in Ho Chi Minh City.

    The phones are produced at Vingroup’s factory in the northern city of Hai Phong, which is capable of making five million phones a year in its first phase of operations, a Vingroup statement said.

    The company will utilize Spanish experts for product development as it owns 51 percent of Spanish technology firm BQ.

    “We hope that Vsmart phones, alongside VinFast cars, will contribute to the development of Vietnam industry and bring Vietnamese brands to the world,” said Nguyen Viet Quang, vice chairman and chief executive officer of Vingroup.

    Vingroup became the country’s first full-fledged domestic car maker two months ago, introducing three new car models. In June, it established the VinSmart Co. to produce smartphones and other smart electronic devices with a registered capital of VND3 trillion ($131.54 million).

    VinSmart is also working with Qualcomm and Google’s Alphabet Inc to “update to the most advanced technology in the smartphone sector,” the statement said.

    The company will be the newest phone maker seeking success in Vietnam, a country of 95 million people. The market is currently dominated by Samsung and Apple phones. Vietnam is the largest smartphone production base for Samsung Electronics.

    Vingroup said its VinSmart factory will also produce smart TVs and other smart products in the future.

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  • Gaming gadget New Razer Phone 2 is launched

    Gaming gadget New Razer Phone 2 is launched

    Razer, a Singaporean gaming gadget company, unveiled the Razer Phone 2 – a smartphone specifically designed for gaming – on Friday in Seoul. Korea is the fourth-largest gaming market in the world with more than 28 million game users, according to the company.

    The Razer Phone 2 is equipped with a 5.7-inch display and offers a 120 Hz refresh rate, allowing users to enjoy mobile game with less delays and disconnections. The upgraded refresh rate helps the touch screen to react more precisely to user demands, according to the company.

    The screen is 50 percent larger than its previous version – the Razer Phone 1 – which launched last year.

    The Razer Phone 2 comes with a 400mAH battery which allows the phone to play games for 10 hours.

    Playing mobile games is not the only entertainment available on the Razer Phone 2. It is also optimized for watching videos.

    The company said the new phone includes Dolby Atmos technology in its dual speakers that are equipped on bezels both on the top and bottom of the devcie, providing a richer sound.

    In terms of camera, the Razer Phone 2 is equipped with a dual camera on the back – a wide-angle lens and telephoto lens – that offer 12 megapixels each. The front of the phone has an 8 megapixel camera.

    To optimize the display, Razer teamed up with popular games including PlayerUnknown’s Battlegrounds, Rival: Crimson x Chaos and Marvel’s Future Fight, among others.

    The Razer Phone 2 will go on sale on Dec. 4 in Korea in partnership with local distributors All Life Technology and CJ Hello.

    The phone sells for 990,000 won ($882.87). With subsidies from CJ Hello’s payment plan, the price can go down to as low as 599,000 won.

    “Razer was able to pull off a huge success last year with Razer Phone 1 by paving a new sector in the smartphone industry,” said Min-Liang Tan, CEO of Razer in a written statement Friday. “The new Razer Phone 2 will help us set a new standard in the gaming industry.”

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  • Samsung is still top smartphone producer

    Samsung is still top smartphone producer

    Samsung Electronics managed to retain its position as the No. 1 smartphone maker in the world in the third quarter, but it may have a fight on its hands in the fourth quarter as Apple is expected to lower prices and increase production, according to a recent report from TrendForce.

    The report said Samsung was the top smartphone vendor in the third quarter with quarterly shipments of 74.5 million units, or almost 20 percent of the market.

    “While Samsung grew its sales by releasing its flagship Galaxy Note 9 ahead of schedule, the device was not a significant upgrade from last year’s Note 8 and made limited contribution to the brand’s total volume in Q3,” said the report.

    The Galaxy J series, on the other hand, was still instrumental in sustaining the brand’s overall production, the report noted. Samsung has also been promoting the Galaxy A devices, emphasizing their improved cost-to-performance ratios and cameras since the beginning of the fourth quarter.

    In the fourth quarter, however, iPhone production is estimated to reach around 76 million units, which would see it surpass Huawei and compete with Samsung for the top position, the report noted. Samsung’s volume in the last quarter is estimated to reach around 75 million units, in line with the company’s target for the period.

    Huawei was the world’s second largest smartphone producer in the third quarter, beating Apple for the second consecutive quarter. The firm’s production volume stood at a new high of 55.5 million units. iPhone production for the third quarter totaled 47.1 million units.

    “Huawei’s in-house research and development capabilities and extensive product lines across all market segments have benefitted its expansions in overseas markets during the recent years,” the report said.

  • Huawei India revealed massive expansion plan by 2020

    Huawei India revealed massive expansion plan by 2020

    Huawei India plans to open 1000 experience stores across the country by 2020. The first 100 such stores are already in planning or construction in partnership with the brand’s retail partners, offering consumers the chance to try out its flagship handsets. They will also display Huawei’s growing range of smart devices including laptops, speakers and watches.

    “We are initiating the offline expansion with our new flagship device… we are aggressive globally with our offline strategy and we are replicating the same in India,” said Wally Yang, senior marketing director at Huawei Consumer Business Group.

    He said Huawei was experiencing strong growth in the premium smartphone market globally and believes India will give similar results.

    “Our positioning is different, and so is the target audience. We are targeting consumers that are looking for high-end tech,” he said.

    Huawei is investing US$100 million in tackling the Indian market. Its low-cost brand Honor is already selling there both offline and online and the two brands already account for 3 per cent of Indian smartphone sales. From next year it is targeting market share growth of between 5 per cent and 10 per cent, said Yang.

    “India is important for the company’s global product strategy.”

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  • Samsung Galaxy A9 to debut in Indian market

    Samsung Galaxy A9 to debut in Indian market

    Samsung Electronics has chosen India as the first country in which to release its Galaxy A9 mid-range smartphone. The company is set to begin sales of the model on Nov. 28.  The A9, introduced on Oct. 11 in Kuala Lumpur, in the presence of some 1,000 journalists and businessmen, is the first Samsung smartphone with four cameras on the back.

    “We are beefing up the smartphone lineup and marketing activities in India,” a Samsung spokesman said. “We plan to churn out smartphones best optimized for the Indian market at the newly established factory in India and supply directly to the local market.”

    In July, Samsung completed the expansion of its smartphone factory in Noida, south of the Indian capital of New Delhi. Work began on the 800-billion-won ($707,780) project in June 2017.

    Once the No. 1 smartphone vendor in India, Samsung has been overtaken by Chinese rookie Xiaomi, the world’s fourth-largest smartphone vendor. India is the world’s third-largest smartphone market.

    According to Counterpoint Research in October, Xiaomi accounted for 27 percent of the India smartphone market, up 5 points year on year, whereas Samsung captured 23 percent, the same share as a year earlier.

    India is a crucial market for Samsung, given that the company lost China to Chinese players. According to Strategy Analytics, Samsung’s market share in China slumped to a mere 0.8 percent in the second quarter, with Huawei taking 27 percent.

    Samsung launched eight models in its low-end Galaxy J series alongside premium models, such as Galaxy S9 and Note9, in India this year. The J series is the company’s the most popular lineup in India

    The A9 is a part of the trend of adding as many cameras as possible to smartphones. Its four cameras on the rear boast four different resolutions – 24, 10, eight and five megapixels. The first one is regular, the second has a telephoto lens and the third is for ultra-wide angle shots. The fourth, with the lowest resolution, serves as a depth camera that gives users the ability to manually adjust the depth of field of their images. That helps create so-called bokeh-effect photos, whereby the subject is in focus but the background is blurred.

    Xiaomi is betting aggressively on India. Its Indian unit promised to open 500 offline stores under the Mi brand and hire more than 15,000 staff by the end of 2019. Huawei followed suit, vowing to expand production facilities and open over 1,000 stores.

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  • Xiaomi aims at 5,000 stores in India by the end of 2019

    Xiaomi aims at 5,000 stores in India by the end of 2019

    Chinese tech giant Xiaomi is looking to cement its status as India’s leading smartphone provider by opening thousands of stores before the end of 2019. The company announced it would increase its presence in India from 500 retail stores to 5,000 by 2020. “It’s been over a year since we started offering our products through offline retail and we have seen strong growth there,” said Manu Jain, Xiaomi vice president and managing director for India.

    “Offline retail is a huge segment in our country with nearly 40 percent of the offline market focused in rural regions, and all of this should increase our offline sales and account for 50 percent of the company’s revenue by the end of next year.”

    In a Twitter post, the smartphone maker invited people to apply to run one of the franchised stores, which will be based on its Mi retail model.

    “It’s been over a year since we started offering our products through offline retail and we have seen strong growth there,” – Manu Jain

    “Mi store is the ‘new retail’ model for rural India that gives flagship store experience to our rural customers,” Xiaomi said on Twitter, adding that the new stores would generate more than 15,000 jobs.

    India is one of Xiaomi’s fastest-growing markets, according to Reuters, where it has had success with its budget Redmi phone series.

    The firm is the country’s leading smartphone provider, with 30 percent of market share. It entered the market in 2014 as an online-only retailer, before opening physical stores across India. Samsung and Vivo are its closest competitors there.

    Xiaomi was awarded a Guinness World Record on Tuesday for opening the largest number of retail stores in India simultaneously. The company also operates in Asia, Europe, the Middle East, Africa, and Mexico.

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  • LG Display adds kiosks that let employees donate money

    LG Display adds kiosks that let employees donate money

    LG Display said last Wednesday it has installed electronic kiosks in its facilities across the country, helping employees make donations easily. The company said employees can swipe their identity cards on the kiosks and make donations ranging from 1,000 won ($0.88) to 10,000 won, which will be automatically deducted from their paychecks.

    LG Display said the project was designed to encourage employees to participate in making contributions to the community.

    LG said 4,000 employees have participated so far in raising 60 million won.

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  • Xiaomi takes over Meitu’s phone business, manufacture co-branded products

    Xiaomi takes over Meitu’s phone business, manufacture co-branded products

    Meitu and Xiaomi have formed a strategic partnership to jointly launch Meitu-branded phones and other smart devices. The partnership between Meitu – best known for its selfie app – and Xiaomi, a fast-growing technology company with smartphones at its core – will have a far-reaching impact on the brand development of Meitu and Xiaomi as well as the smartphone market as a whole, according to research house IDC. It will allow both companies to expand their customer base and signals a further consolidation in the highly competitive Chinese smartphone market.

    A spokesperson for IDC said that during the last year, Xiaomi has stepped up its efforts to improve the camera capabilities of its products and has done a lot in AI-powered photography research and development. “Leveraging Meitu’s image processing technologies and selfie algorithms will help Xiaomi further boost its AI-powered photography and photo quality and reduce its gap with leading vendors such as Huawei.”

    IDC says Meitu is popular with females which will help draw more women to Xiaomi products which are currently “overrepresented by male users”.

    “Introducing the Meitu brand also enables Xiaomi to offer greater diversity of smartphone products under multiple brands and series, including Redmi, Xiaomi, Black Shark, Pocophone, and Meitu. Xiaomi is gradually forming a multi-brand portfolio targeting different user groups, thereby laying the foundation for it to compete in the market in the long term.”

    The spokesperson said that through Xiaomi’s sales network, Meitu’s software products will reach a larger group of customers via smartphones. “Moreover, licensing its hardware business to Xiaomi allows Meitu to focus on software development and the upgrade of its image processing technologies.”

    And finally, with the top five vendors in China’s smartphone market taking up nearly 83 per cent market share, the growth potential will increasingly diminish for small vendors in areas such as marketing and supply chain resource integration.

    “Going forward, more small vendors are expected to seek strategic cooperation with large vendors and drive consolidation in the China’s smartphone market.”

    Meitu was founded in Xiamen in 2008 as a developer of selfie apps such as MeituPic and BeautyCam, and has been focussed on selfie algorithm development. In 2013, the company ventured into the smartphone market and launched smartphones targeting female users and the selfie market. Despite a higher profit per phone sold and a higher brand premium, the company has become increasingly marginalised in China’s brutally competitive smartphone market due to its meagre shipments.

    According to IDC’s Worldwide Quarterly Mobile Phone Tracker, Meitu only had a mere 0.5 per cent market share in China with shipments of approximately 1.5 million units as of the third quarter of this year.

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  • Vingroup to invest in Hanoi smart electronics plant

    Vingroup to invest in Hanoi smart electronics plant

    Vingroup is expected to invest VND1.2 trillion ($51.38 million) in a “Smart Electronics Factory” that will produce smartphones as its first products next year. The project, expected to be operational by the second quarter of 2019, is the first one to be implemented under a cooperation agreement between the Hoa Lac Hi-Tech Park (Hoa Lac HTP) Management Board and Vietnam’s biggest private conglomerate Vingroup.

    According to the agreement, in the period 2018-2020 looking towards 2025, Vingroup will focus its investments on hi-tech manufacturing in the Hoa Lac HTP.

    The corporation will invest in research and development, advanced technology, software, hi-tech industrial manufacturing, housing development, commerce and services in Hoa Lac.

    The first project to be implemented under the agreement will be a “Smart Electronics Factory” in Hoa Lac. Construction will begin as soon as the group’s investment plan is approved by competent authorities.

    The factory will be built on an area of five hectares. Once operational, it is expected to produce 3- 4 million smart electronics products a year, supplying both domestic and international markets.

    Nguyen Viet Quang, vice president and CEO of Vingroup, said that smartphones will be the factory’s first product to debut in the market.

    Minister of Science and Technology Chu Ngoc Anh said the Hoa Lac Hi-Tech Management Board is improving the HTP’s infrastructure, providing the best conditions for investment, and creating a legal corridor to facilitate businesses.

    These efforts are aimed at developing the Hoa Lac Hi-Tech Park into a smart-technology city, he said.

    There are 87 investment licensed projects in Hoa Lac at present with total capital amounting to approximately VND78 trillion ($3.34 billion).

    In 2018 alone, Hoa Lac has welcomed 10 licensed projects with a total registered capital of VND15.86 trillion ($678.74 million).

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  • JD.com to provide more imported product to China

    JD.com to provide more imported product to China

    JD.com, China’s largest retailer, will purchase nearly RMB 100 billion worth of products from overseas brands. As disposable incomes in China rise, consumers increasingly demand high-quality products, especially imported products.

    E-commerce has rapidly emerged as one of China’s most preferred channels for buying overseas brands. Last year, the number of users purchasing products from overseas brands grew by 37.1% compared to 2016.

    The volume of imported goods in 2018 to date has already skyrocketed 150% as compared with two years ago.

    JD’ “Retail as a Service” strategy has proved enormously appealing to household
    names from all over the world.

    Indeed, the growing family of leading international brands partnering with JD to facilitate their e-commerce strategy now includes the likes of Saint Laurent, Alexander McQueen, Dell, Nestle, Avène and many more.

    As China’s e-commerce transformation continues to unfold, consumers have gravitated especially towards premium, smart, and green products.

    According to JD’s data, the highest performing categories among its customers this year have been mobile phones, computer and office suppliers, home appliances, maternal and childcare, and digital products.

    Advanced economies such as the U.S., Japan, South Korea, Germany, and the Netherlands remain the most popular sources of imported goods.

    Chinese consumers buying online are mostly younger (26-45 years old), white-collar workers with middle-to-high incomes.

    China’s most developed regions, particularly the coastal cities, account for the largest uptake of imported goods.

    The growth rate for purchases of overseas brands, however, is now highest in fourth- and third-tier cities, where these brands are often not available in brick and mortar stores.

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  • Courts Asia shows negative number after Malaysian woes

    Courts Asia shows negative number after Malaysian woes

    Singaporean electronics and furniture retailer Courts Asia has posted a net loss of SG$3.1 million (US$2.25 million) in its second quarter.

    The result is a reversal of a net profit of $1.5 million (US$1.09 million) during the same period last year.

    Courts Asia said in a statement that Malaysia revenue came under pressure after the introduction of the Consumer Protection (Credit Sale) Regulations 2017 which saw consumer interest rates capped at 15 per cent per annum from January. However, ongoing transformation work with a persistent focus on cost and productivity efficiencies in Malaysia reaped results, with Malaysia’s PBT crossing into positive terrain after two consecutive quarters of loss.”

    Group CEO Terence Donald O’Connor said: “We are encouraged by the early signs of stabilisation in the Malaysia business. We have closed 10 underperforming stores since the start of our financial year in April and continue to review our store network performance. Impairment loss on trade receivables charged to the profit and loss statement has also been on a declining trend from the fourth quarter ended March.”

    The Singapore firm recorded $3.4 million profit before tax after starting out on its store transformation process, up from $3 million last year. It renovated its Ang Mo Kio outlet last month.

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  • Chinese white goods company Midea announces Rs 1,350 crore new plant in India

    Chinese white goods company Midea announces Rs 1,350 crore new plant in India

    Chinese consumer durables firm Midea aims to manufacture its products locally in the country by next year and is setting up a new facility in Pune at an investment of Rs 1,350 crore. “India is a strategic growth market and we expect our investments in this market to yield good growth. Considering the potential of the market we have committed over Rs 1,350 crore investment for a new facility,” Krishan Sachdev, Managing Director of Carrier Midea India and also Midea Group India region, told PTI.

    “We have a manufacturing facility at Bawal in Haryana and we are strengthening our base here with a second plant in Pune. By next year, 100 percent of our products shall be manufactured locally,” he further told PTI.

    According to a report: He further said that the company is evaluating prospects of exports from India.

    The new facility near Pune, with a technology park, will have three manufacturing units for home appliances, HVAC products and compressors and will also include a manufacturing facility for Carrier Midea India, a 60:40 joint venture between Midea and Carrier.

    The complex is likely to begin commercial operations at the beginning of 2020 and the technology park is expected to generate employment opportunities for over 2,000 people, both directly and indirectly.

    Over a period of five years, the facility will produce refrigerators, room ACs, washing machines, water purifiers, water heaters, commercial ACs and compressors.

    The company, which has been growing at a CAGR of 25 per cent over the last five years, said plans for manufacturing other home appliances categories in a phased manner have been completed.

    Sachdev further said the rupee depreciation has had an impact on their business.

    “Even though we manufacture 70-80 per cent locally, production cost has gone up because some of the components are imported,” he said.

    The company is expecting a good festive season this year with 25 per cent growth and by next year it plans to have IoT enabled product solutions for this market.

    South and East are the leading markets for the company, contributing significantly to the business, while non-metros contribute 30-40 per cent of the overall revenue.

    Midea India plans to double its footprint across the country.

    “For the RAC, which is the refrigeration and air conditioning category, and which contributes 80 per cent of revenues), we are targeting to be in around 5,000 retail outlets before next summer apart from 800 plus sales and service dealers.

    We are constantly looking to expand our reach to consumers. We are already present in more than 400 cities and towns of India,” he further said.

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  • Trail Camera Market Inching Closer to Wireless Ubiquity, Global Demand to Grow at 3.5% Volume CAGR

    Trail Camera Market Inching Closer to Wireless Ubiquity, Global Demand to Grow at 3.5% Volume CAGR

    The bullish run in the Trail Camera market continues in 2018, with an incremental growth of 18,000 units over 2017According to Fact.MR’s new study, increasing wildlife exploration and rising demand for higher security and surveillance are instrumental in driving sales of trail cameras. The study opines that demand for trail cameras will grow at a CAGR of 3.5% in terms of volume throughout the period of forecast, 2018-2028.

    Technological advancements have significantly transformed the trail camera space, particularly with respect to connectivity and functionality. Possibility of obtaining thumbnail picture with trail camera has been a remarkable step reflecting a technological novelty in the trail camera marketplace.

    Growing proliferation of novel technologies such as Wi-Fi and Bluetooth in the trail camera marketplace are expected to influence the sales of trail camera, in turn presenting a positive outlook of the overall market. The demand for trail camera is being influenced with growing digitalization, as manufacturers continue to focus on researching and developing their products.

    The demand for wireless trail camera is projected to expand at a substantial rate throughout the period of forecast, says the report. As compared to standard trail camera variants, the Wi-Fi variants are expected to account for a relatively higher market share of the overall trail camera market. User friendly features and enhanced convenience continue to drive the sales of wireless trail camera.

    Cellular wireless trail camera products are estimated to largely contribute to the growth of the market. Sales volume of cellular trail camera are estimated to remain resurgent through 2028, dominating the Wi-Fi trail camera variants, according to the report. Fact.MR estimates that the volume sales of cellular trail camera are likely to maintain a 1.5x lead over Wi-Fi trail camera by end of 2028.

    The demand for trail camera with trigger speed up to 0.25 seconds is expected to gain high traction owing to the reduction in delay time while capturing pictures. Faster trigger speeds allow trail camera to capture moving units efficiently, making trail camera with 0.25 seconds trigger speed a valid candidate for forest exploration. However, the report estimates that the sales of trail camera with trigger speeds within the range of 0.25 – 0.75 seconds are expected to be on an upswing in terms of sales volume throughout the period of forecast.

    The report foresees that the demand for trail camera with low glow flash is expected to increase in the forthcoming years. Increasing volume sales of low glow trail camera can be attributed to its efficient picture quality during night, making them a convenient option for enthusiasts to capture wild life activities at night time. Further, the demand for no glow trail camera is also projected to increase at a higher rate throughout the period of forecast, 2018-2028.

    Trade shows, such as the ATA (Archery Trade Association) show, are expected to influence the trail camera market growth by providing a potential platform for manufacturers of trail camera to promote their offerings. Using trade shows as a significant growth platform, manufacturers can enhance their brand visibility. In addition, this aspect continues to influence the demand for technological robust trail camera, in turn contributing to the growth of the trail camera market.

    Sales volume of trail camera is likely to remain concentrated across developed countries in the North America region, particularly the United States. Use of trail camera in commercial buildings for surveillance remains a key determinant of growth in the US, apart from wide life exploration. The report also estimates that the European countries are expected to showcase significant adoption of trail camera in the forthcoming years on the back of growing wide life monitoring and hunting activities. Overall the market for trail camera is expected to follow a positive growth graph, albeit at a modest pace.

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  • High Suning profit increase reported

    High Suning profit increase reported

    Chinese O2O retailer Suning has posted RMB172.97 billion (US$24.79 billion) in operating revenue in its third quarter performance report. The result shows a 31.15 per cent year-on-year increase on the reported figure during the first three quarters this year. The company also generated a net profit of RMB6.127 billion ($878 million), an increase of 812.11 per cent over the same period last year.

    The company credits the result to the strength of Suning’s fast-growing online sales comparative to other e-commerce platforms.

    Suning currently has more than 382 million registered users. It operates 6292 direct-sale physical stores and 1453 Suning retail cloud franchise stores.

    Suning says it will provide free delivery in the days approaching the holiday the 11.11 Singles Day shopping spree and will not raise its delivery fees on the day.

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  • Make Vietnam your largest strategic base, PM urges Samsung

    Make Vietnam your largest strategic base, PM urges Samsung

    PM Nguyen Xuan Phuc has suggested that Samsung expands its scale to make Vietnam the group’s largest strategic base. Receiving Lee Jae Yong, vice chairman of Samsung Group, in Hanoi on Tuesday, Phuc said Samsung should not just stop at making Vietnam its largest smartphone production base.

    He suggested the South Korean giant expands its business to other major fields like semiconductors, infrastructure and energy in Vietnam rather than focusing mainly on manufacturing and assembling electronic products, as it has been doing so far.

    A statement posted on the government’s website cited the prime minister as saying that Samsung should work towards building its largest strategic base in the country.

    He also wanted Samsung to continue providing practical support in terms of training and technology transfer to assist Vietnam’s supporting industry.

    As Samsung is making a significant contribution to developing e-government in South Korea, the PM suggested it does the same for Vietnam.

    He promised that the Vietnamese government will keep creating favorable conditions for Samsung’s operations in the country.

    Samsung Electronics Co. has invested $17.3 billion in eight factories and one research and development center in Vietnam, creating jobs for more than 160,000 locals.

    Exports from Samsung Electronics’ factories in Vietnam totaled $54 billion last year, it said.

    In April, CEO Koh Dong-jin of Samsung Electronics told PM Phuc that the company was determined to further expand production in Vietnam.

    He said Samsung will recruit more Vietnamese employees and develop electronics in smart cities in Bac Ninh province in the northern region and other places.

    Samsung is the largest foreign investor in Vietnam and accounts for around a quarter of the country’s total export revenue. It operates two cellphone factories in Bac Ninh and Thai Nguyen provinces in northern Vietnam.

    The factories produce around half of all the cellphones that Samsung supplies to the global market.

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