Xiaomi reports 13.6% rise in revenue to $7 bn in first quarter
Xiaomi reported 13.6 percent rise in first-quarter revenue to 49.7 billion yuan or $7 billion, even as demand for its smartphones plunged amid the...
LG to expand TV production at Cibitung facility in Indonesia
LG Electronics (LG) is expanding its TV business with an eye on diversifying its production footprint and stepping up manufacturing capacity.
LG said its Cibitung...
Foxconn revenue declines 12% in Jan-March
Foxconn, the world’s largest contract electronics manufacturer, said its revenue fell 12 percent in January-March 2020.
The company expects revenue will show double-digit percentage growth...
Lava resumes production at phone manufacturing facility in Noida
Lava has resumed production at its mobile phone manufacturing facility in Noida, India. The company has started operating with 20 percent of its production...
Xiaomi takes e-commerce route to boost sale during lockdown in India
Smartphone maker Xiaomi will launch an e-commerce service in India this week to enable customers stuck at home during a nationwide lockdown to buy...
Smartphone share of Samsung, Apple, Huawei, Xiaomi, Oppo, Vivo
Worldwide smartphone shipments decreased 11.7 percent in the first quarter of 2020 to 275.8 million smartphones during Q1 2020.
Smartphone suppliers
Samsung
Samsung shipped 58.3 million smartphones...
Apple performance in March quarter indicates slow recovery
Apple has reported sales of $58.3 billion in its fiscal second quarter ended in March, as compared with $58 billion year-ago.
Apple’s iPhone sales were...
Smartphone production to dip 16.5% to 287 mn in June quarter
Smartphone production is expected to drop 16.5 percent to 287 million phones in the June quarter as the coronavirus pandemic muzzles demand, TrendForce said despite...
Samsung may cut investment in 5G technology due to COVID-19
Samsung Electronics said on Wednesday that there is a possibility it might delay or cut its investment in 5G technology in the wake of...
Samsung, Huawei, Vivo take top positions in 5G smartphone biz
Global 5G smartphone shipments touched 24.1 million units in Q1 2020 as demand from China was higher than expected, according to Strategy Analytics.
Samsung leads...
Apple to delay production of iPhones due to Covid-19
Apple is pushing back the production ramp-up of its flagship iPhones coming later this year by about a month, Wall Street Journal reported.
Apple is...
Vivo overtakes Samsung in India’s smartphone market
Vivo has overtaken Samsung for the first time to take second place, while Xiaomi achieved a market share of 30.6 percent in India’s smartphone...
SK Hynix revenue rose 6 percent to 7.2 trillion won
SK Hynix warned on Thursday that demand for chips will remain volatile, while restrictions on global movement, if prolonged, could disrupt production, sales and...
LG Display revenue dips 20 percent to 4.7 trillion won
Apple supplier LG Display warned of a drop in demand for TVs and smartphones as a result of the new coronavirus outbreak in the...
Apple intros budget iPhone SE priced at $399 as coronavirus stalls economy
Apple has introduced a smaller iPhone priced at $399, slashing the starting price for the company’s smartphone line in a move to broaden its...
T-Mobile and Verizon to bring OnePlus 8 5G smartphone
OnePlus has launched its Qualcomm Snapdragon 865-powered 5G smartphones -- OnePlus 8 Pro for $899 and OnePlus 8 for $699 in select markets.
OnePlus 8...
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