scherz
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u have never seen a phone generally or a chinese phone?
Apple's ranking in China smartphone market falls to No.6: IDC
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u have never seen a phone generally or a chinese phone?
T90TankGuy
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Actually the people in india who buy Chinese phones, are those who do not wish to go for expensive ones .
ahfatzia
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Apple's market cap falls below $500 billion as shares keep falling
(Reuters) - Apple's market capitalization fell below $500 billion on Thursday as shares of the world's most valuable listed company continued to slide after suffering their worst one-day decline in nearly four years.
Shares of Apple Inc fell to as low as $518.63 on Thursday, declining nearly 10 percent for the week. But for the year, the stock is still up more than 30 percent. At its peak in September the stock was worth $705.07.
Earlier in the day, research firm IDC said Apple's rank in China's smartphone market, which is set to become the world's largest this year, fell to No.6 in the third quarter as it faced tough competition from Chinese brands.
IDC's announcement comes a day after Apple's shares fell more than 6 percent on the Nasdaq, logging its biggest single-day loss in four years and losing $35 billion of its value, on concerns about rivals gaining ground in the mobile devices market.
Apple's market cap falls below $500 billion as shares keep falling | Reuters
Luckily it rebounded before closing on Thursday and up 1.57% for the day. But the shares are technically weak and probably will dwindle lower this holiday season.
(Reuters) - Apple's market capitalization fell below $500 billion on Thursday as shares of the world's most valuable listed company continued to slide after suffering their worst one-day decline in nearly four years.
Shares of Apple Inc fell to as low as $518.63 on Thursday, declining nearly 10 percent for the week. But for the year, the stock is still up more than 30 percent. At its peak in September the stock was worth $705.07.
Earlier in the day, research firm IDC said Apple's rank in China's smartphone market, which is set to become the world's largest this year, fell to No.6 in the third quarter as it faced tough competition from Chinese brands.
IDC's announcement comes a day after Apple's shares fell more than 6 percent on the Nasdaq, logging its biggest single-day loss in four years and losing $35 billion of its value, on concerns about rivals gaining ground in the mobile devices market.
Apple's market cap falls below $500 billion as shares keep falling | Reuters
Luckily it rebounded before closing on Thursday and up 1.57% for the day. But the shares are technically weak and probably will dwindle lower this holiday season.
shuttler
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China has made a correct pricing strategy in india then！
cirr
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Lenovo、Coolpad、Huawei、ZTE、Meizu、Oppo、Xiaomi。。。。the lot。
Today's Nokia is tomorrow's Apple。
It is time to sell Apple shares。
Today's Nokia is tomorrow's Apple。
It is time to sell Apple shares。
T90TankGuy
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its not Chinese companies who sell their phones but rather Indian importers who buy cheap ones from china and sell them here.
djsjs
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you got the point
T90TankGuy
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kawaraj
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i never knew ZTE makes smartphones too.
When I travel to Europe I saw many are using this ZTE. Their targeting market is EU? We don't see them in Japan either. But Huawei and Lenovo are available here.
Never heard of Coolpad, but good job they can endeavor to that high spot.
S10
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That's how smaller Chinese companies sustain themselves. They aim for the lower end market through cheap products. The market in China is not big enough for them, so they need to target developing countries. ZTE and Huawei both started off that way before they got big.
ahfatzia
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China's mini Apple takes slice of smartphone pie
Lei Jun, founder and CEO of Xiaomi Tech 小米科技
(Reuters) - China's Xiaomi Technology is a fairy tale for nerdy entrepreneurs.
Less than three years after its founding, the smartphone maker is valued at $4 billion and evokes Apple-like adoration from its fans, some of whom are desperate enough to skip work for a shot at buying the latest product the day it goes on sale.
Founder Lei Jun dresses like the late Steve Jobs, in jeans and a black top. He has created a fervent fan base for Xiaomi's moderately priced high-end smartphones by mimicking Apple Inc's marketing tactic of attaching an aura of exclusivity around its products.
Before Xiaomi, the 42-year-old Lei was a key investor in China's early Internet scene, co-founding startups including Joyo.cn, which was eventually sold to Amazon.com Inc, and the recently listed YY Inc.
Born in Xiantao, a small city in China's central Hubei province better known for breeding Olympic gymnasts than billionaire technocrats, Lei brushes off comparisons to Jobs but concedes that the Apple visionary was an inspiration.
"China's media say I am China's Steve Jobs," Lei told Reuters in an interview.
"I will take this as a compliment but such kind of comparison brings us huge pressure," said Lei, who grew up assembling radios as a hobby. "Xiaomi and Apple are two totally different companies. Xiaomi's based on the Internet. We are not doing the same thing as Apple."
HOT SALES AND FANS
Xiaomi has already sold 300,000 of its latest phone model, launched in October. The Xiaomi phone 2 has specifications similar to those of Samsung Electronics' Galaxy S3 and Apple's iPhone5 but a top-of-the-line model sells for about $370, half the price of an iPhone5.
Unlike the big domestic smartphone players, such as Lenovo Group, ZTE Corp and Huawei Technologies, which work with telecom carriers to sell a large volume of smartphones, Xiaomi sells most of its phones online and in small batches.
This small volume strategy creates pent-up demand that gives Xiaomi free marketing buzz. The first batch of 50,000 phones released on October 30 sold out in less than two minutes. Subsequent larger batches have also sold out in minutes.
Lei, who has nearly 4 million followers on China's popular microblogging platform, Weibo, feeds the buzz by dangling teasers about new products and launch dates.
"We're not a company that chases sales volume. We chase customer satisfaction. We look for ways to give the customer a great surprise," Lei said.
His vision for an exclusive mid-tier brand that builds up incrementally, rather than swamping the market, has found financial backers. In June, Xiaomi raised $216 million from Singapore's sovereign wealth fund, the Government of Singapore Investment Corp, and a few of Lei's friends, local media reported, giving it a valuation of $4 billion.
"China is ripe for its own Apple, HTC or Samsung," said Hans Tung, managing partner at Qiming Venture Partners, a venture firm backing Xiaomi. "The country is big enough, there are enough mobile Internet users and mobile phone consumers. Therefore having its own mobile ecosystem built up by a domestic brand makes sense."
Xiaomi, which was founded in April 2010 and only started selling smartphones in October 2011, is on track to sell 7 million units this year, exceeding its target of 2 million.
Xiaomi is already profitable and is expected to rake in sales of up to 13 billion yuan ($2 billion) this year.
full story: China's mini Apple takes slice of smartphone pie | Reuters
This is a cut throat business and if any company doesn't keep up with the technologies and promotions it can be wiped out overnight.
Lei Jun, founder and CEO of Xiaomi Tech 小米科技
(Reuters) - China's Xiaomi Technology is a fairy tale for nerdy entrepreneurs.
Less than three years after its founding, the smartphone maker is valued at $4 billion and evokes Apple-like adoration from its fans, some of whom are desperate enough to skip work for a shot at buying the latest product the day it goes on sale.
Founder Lei Jun dresses like the late Steve Jobs, in jeans and a black top. He has created a fervent fan base for Xiaomi's moderately priced high-end smartphones by mimicking Apple Inc's marketing tactic of attaching an aura of exclusivity around its products.
Before Xiaomi, the 42-year-old Lei was a key investor in China's early Internet scene, co-founding startups including Joyo.cn, which was eventually sold to Amazon.com Inc, and the recently listed YY Inc.
Born in Xiantao, a small city in China's central Hubei province better known for breeding Olympic gymnasts than billionaire technocrats, Lei brushes off comparisons to Jobs but concedes that the Apple visionary was an inspiration.
"China's media say I am China's Steve Jobs," Lei told Reuters in an interview.
"I will take this as a compliment but such kind of comparison brings us huge pressure," said Lei, who grew up assembling radios as a hobby. "Xiaomi and Apple are two totally different companies. Xiaomi's based on the Internet. We are not doing the same thing as Apple."
HOT SALES AND FANS
Xiaomi has already sold 300,000 of its latest phone model, launched in October. The Xiaomi phone 2 has specifications similar to those of Samsung Electronics' Galaxy S3 and Apple's iPhone5 but a top-of-the-line model sells for about $370, half the price of an iPhone5.
Unlike the big domestic smartphone players, such as Lenovo Group, ZTE Corp and Huawei Technologies, which work with telecom carriers to sell a large volume of smartphones, Xiaomi sells most of its phones online and in small batches.
This small volume strategy creates pent-up demand that gives Xiaomi free marketing buzz. The first batch of 50,000 phones released on October 30 sold out in less than two minutes. Subsequent larger batches have also sold out in minutes.
Lei, who has nearly 4 million followers on China's popular microblogging platform, Weibo, feeds the buzz by dangling teasers about new products and launch dates.
"We're not a company that chases sales volume. We chase customer satisfaction. We look for ways to give the customer a great surprise," Lei said.
His vision for an exclusive mid-tier brand that builds up incrementally, rather than swamping the market, has found financial backers. In June, Xiaomi raised $216 million from Singapore's sovereign wealth fund, the Government of Singapore Investment Corp, and a few of Lei's friends, local media reported, giving it a valuation of $4 billion.
"China is ripe for its own Apple, HTC or Samsung," said Hans Tung, managing partner at Qiming Venture Partners, a venture firm backing Xiaomi. "The country is big enough, there are enough mobile Internet users and mobile phone consumers. Therefore having its own mobile ecosystem built up by a domestic brand makes sense."
Xiaomi, which was founded in April 2010 and only started selling smartphones in October 2011, is on track to sell 7 million units this year, exceeding its target of 2 million.
Xiaomi is already profitable and is expected to rake in sales of up to 13 billion yuan ($2 billion) this year.
full story: China's mini Apple takes slice of smartphone pie | Reuters
This is a cut throat business and if any company doesn't keep up with the technologies and promotions it can be wiped out overnight.
shuttler
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that is what I meant we have different pricing strategies which cater for different consumers your indian importers who go for the low end products which can sell in india！
did i ever loose it?
you have lost it！
shuttler
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Lenovo、Coolpad、Huawei、ZTE、Meizu、Oppo、Xiaomi。。。。the lot。
Today's Nokia is tomorrow's Apple。
It is time to sell Apple shares。
The China cellphone market is very fragmented
Apple has a good marketing strategy which not only promotes its gadget values but also value adding to its image of prestige.
Samsung is the brand to beat
Our top brands: ZTE, Huawei and the up and coming Lenovo, Xiaomi, Oppo, Coolpad will gain pace!
djsjs
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Xiaomi are quality phones I have no doubt in 2013 they'll have some new product that could challenge SIII atleast. [iphone is like intel inside its older inside
Xiaomi2 and S3 both have powerful hardware configuration,it is hard to say which is better.but the prices are worlds apart.Xiaomi2 is ￥1999，and S3 is about twice of it.
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