Oppo releases a slew of new products By MA SI | China Daily | Updated: 2021-05-07 09:06 Pedestrians walk past an Oppo mobile phone store in Shanghai. [Photo by WU JUN/FOR CHINA DAILY]
Chinese smartphone maker Oppo unveiled a range of new products, including smartphones and televisions, on Thursday, as the company ramped up efforts to tap the growing demand for the internet-of-things devices, amid intense competition.
The move came shortly after Oppo officially entered the Chilean and Colombian mobile device markets. It is also part of the revived smartphone market battle in China where brands are looking to attract more consumers after Huawei Technologies Co s smartphone business was crippled by US government restrictions.
Chinese smartphone vendors are ramping up their push to convince consumers to embrace 5G devices during the May Day holiday, as competition intensifies to a new high after Huawei Technologies Co s smartphone business was crippled by US government restrictions.
The revived battle also came after the Chinese mainland smartphone market recorded its first growth in four years in the first quarter of 2021, with shipments increasing 27 percent year-on-year to 92.4 million units, according to a new report from market research company Canalys.
Eager to attract consumers to upgrade their smartphones to 5G units, companies such as Vivo, Oppo and Xiaomi are offering discounts and trade-in initiatives in online and offline retail stores across the nation during the five-day May Day holiday, which ends on Wednesday.
Smartphone rivalries boil as 5G lures buyers By MA SI | CHINA DAILY | Updated: 2021-05-05 07:12 Share CLOSE Consumers try out Huawei s 5G-enabled smartphones at its global flagship shop in Shanghai. [Photo/China Daily]
Chinese smartphone vendors are ramping up their push to convince consumers to embrace 5G devices during the May Day holiday, as competition intensifies to a new high after Huawei Technologies Co s smartphone business was crippled by US government restrictions.
The revived battle also came after the Chinese mainland smartphone market recorded its first growth in four years in the first quarter of 2021, with shipments increasing 27 percent year-on-year to 92.4 million units, according to a new report from market research company Canalys.
Huawei revenue shrinks by 16.5% in first quarter By MA SI | China Daily | Updated: 2021-04-29 09:09 Share Huawei s self-driving system on display during an expo in Shanghai. [Photo/Xinhua]
Huawei Technologies Co said its revenue declined by 16.5 percent to 152.2 billion yuan ($23.5 billion)during the first quarter.
However, the tech giant said the second quarterly decline in revenue was in line with earlier forecasts. Huawei had earlier posted an 11 percent decline in revenue for the three months that ended in December.
The company said its net profit margin rose by 3.8 percentage points on a yearly basis to 11.1 percent during the first three months of the year, primarily as a result of its ongoing efforts to improve the quality of operations and management efficiency, as well as patent royalty income of $600 million.
China smartphone shipments grow - Mobile World Live 29 APR 2021
Canalys revealed China’s smartphone market recorded strong gains in Q1, citing demand for 5G plans and the release of more compatible models as drivers of a replacement cycle.
Shipments grew 27 per cent year-on-year to 92.4 million units, which the research company said was more in line with the comparable period of 2019 than 2020, when the market was hit by Covid-19 (coronavirus).
Research analyst Amber Liu noted “an unusually high number of smartphone launches” in Q1 compared with the same period of 2020, predicting market momentum will “continue as 5G penetration accelerates”.
“Operators are more determined than ever to migrate 4G subscribers to 5G. Many provincial operators are only offering 5G tariffs when consumers start a new contract or attempt to renew” existing contracts.