|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.2900 - 1.3000|
|52 Week Range||1.2300 - 3.5000|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Samsung Electronics has sold 5 million units of its Galaxy A series smartphones, generating sales of over $1 billion (772.3 million pounds) since it began selling the devices in March, a senior company executive said on Tuesday. "Just in 70 days of launch this range of six models has delivered $1 billion of revenue," Ranjivjit Singh, Samsung India's chief marketing officer, told Reuters in an interview. Singh declined to give a revenue forecast for the company's overall mobile phone business in India, the world's second biggest mobile phone market after China.
Hong Kong's banking regulator has issued four more online-only banking licenses to units of Alibaba, PingAn and smartphone maker Xiaomi, as well as to a JV involving Tencent, ICBC and Hillhouse Capital. The introduction of online-only banking has the potential to be the biggest shake-up in years in the city's retail banking sector dominated by old-guard lenders such as HSBC, Standard Chartered and a slew of Chinese banks.
Hong Kong's banking regulator has issued four more online-only banking licences to units of Alibaba, PingAn and smartphone maker Xiaomi, as well as to a JV involving Tencent, ICBC and Hillhouse Capital. The introduction of online-only banking has the potential to be the biggest shake-up in years in the city's retail banking sector dominated by old-guard lenders such as HSBC, Standard Chartered and a slew of Chinese banks.
Tech and Media Trends: Netflix, Hulu, Huawei, and Spotify(Continued from Prior Part)Chinese smartphone shipments continue to disappoint China, which is the biggest smartphone market, continues to see fewer smartphone shipments. According to Canalys,
The Latest on the Tech Earnings Season: Apple, Fitbit, and Square(Continued from Prior Part)Apple has now been well and truly left behind by HuaweiSmartphone vendors continued to have a tough time in the first quarter of 2019. According to a study
Updates on Amazon, GrubHub, and the Indian Smartphone Market(Continued from Prior Part)Vivo doubled its shipments in Q1 The Indian smartphone market is growing at a fast clip as major markets such a China are shrinking. To further their growth,
While the bet didn’t specify a particular measure of revenue, air conditioner maker Gree on Sunday reported revenue of 198 billion yuan for 2018, about 20 billion yuan more than Xiaomi during the same period when the tech firm missed analyst estimates. Xiaomi’s shares have dropped 30 percent since listing in Hong Kong in July. Whether Lei must now make good on his bet with Gree chairwoman Dong Mingzhu is unclear.
Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo. Xiaomi's India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research. Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.
The Latest on the NASDAQ, Amazon, Samsung, and Tencent(Continued from Prior Part)Huawei’s revenue rose 39% YoY in the first quarter Chinese tech giant Huawei reported its first-quarter earnings results on April 22. The company continues to see
The Latest in Tech: Apple, Qualcomm, Hulu, and Netflix(Continued from Prior Part)Mass production of iPhone to start in India According to South China Morning Post, Apple’s (AAPL) main supplier, Foxconn, has confirmed it will start mass producing
Recent Updates from Apple and Snap(Continued from Prior Part)Smartphone vendors’ pain will likely continue this yearSmartphone vendors had a tough time selling handsets last year. According to Canalys’s estimates, global smartphone shipments
The Latest Tech Updates: Snapchat, Apple, Amazon, and Tencent(Continued from Prior Part)Apple’s iPhone XRs are available at a steep discount in India Apple’s (AAPL) revenue from the Greater China region fell over 26% YoY during the first quarter
April 4 (Reuters) - Kingsoft Corp Ltd: * KINGSOFT CLOUD ENTERED INTO FRAMEWORK AGREEMENT WITH XIAOMI * GROUP WILL PROVIDE HARDWARE PRODUCTS TO XIAOMI GROUP FROM 4 APRIL 2019 TO 31 DECEMBER 2019 Source ...
April 4 (Reuters) - Xiaomi Corp: * LINE FRIENDS TO EXPAND ITS BUSINESS IN CHINA THROUGH STRATEGIC PARTNERSHIP WITH XIAOMI Source text for Eikon: Further company coverage:
Xiaomi is back with another teaser of the foldable concept device it first showed off in January. This time around, in a video posted to its Weibo account, the Chinese company showed off the device working in tablet mode and, after folding, regular phone mode to illustrate how seamlessly it can be tucked up and put away... in this case atop of a cup of noodles. Xiaomi has said it is developing a device -- the previous video included a call-out for ideas and feedback -- so the project isn't likely as advanced as soon-to-launch products from Samsung, Huawei or lesser known Chinese brand Royole.
Smartphone retailers in China say it's a tough sell of late with consumers reluctant to upgrade, put off by chill economic winds. "Of those people who are upgrading, there are many switching from Apple to Chinese brands but very few switching from Chinese brands to Apple," said Jiang Ning, who manages a Xiaomi store in the northern province of Shandong. Huawei Technologies Co Ltd, Xiaomi Corp, Oppo and Vivo once sought to grab share in the world's biggest smartphone market with value-for-money devices, but consumer demand for better phones has prompted strategic rethinks.
What's New in Tech: Instagram, Google, Waymo, Xiaomi, and More(Continued from Prior Part)Xiaomi’s growth continues to be robust China’s value-for-money smartphone vendor Xiaomi (XIACF) fared quite well during the fourth quarter of 2018 despite
Chinese smartphone maker Xiaomi Corp said on Tuesday its fourth-quarter net profit more than tripled to 1.85 billion yuan ($275.59 million), on stronger revenue. Revenue for the period increased 27 percent to 44.4 billion yuan, lower than the 47.4 billion yuan average estimate of 13 analysts, according to Refinitiv data. The results show Xiaomi is weathering fairly well a slowing Chinese smartphone market, the world's biggest, by increasing its focus on markets such as India and Europe.