During his recent visit to China, President Barack Obama pushed his Chinese counterpart, Xi Jinping, on the use of Chinese antitrust policy to limit royalty fees for foreign companies, according to a Reuters report. The high-level involvement comes as China appears close to nearing a decision on royalty fees that could see Qualcomm slapped with a $1 billion penalty.
Xiaomi posted $56.1 million (347.5 million yuan) in net profit last year, according to a regulatory filing. The filing provides a glimpse inside the finances of privately owned Chinese smartphone vendor Xiaomi, which has rocketed up the rankings to become one of the world's top smartphone brands in the past few quarters.
Although Chinese-based smartphone makers Xiaomi and OnePlus have garnered attention and market share this year as sales of their low-cost models have thrived, the companies face obstacles to expanding globally, including patent litigation and a lack of brand awareness among Western consumers.
BlackBerry CEO John Chen said even if a Chinese smartphone maker offered to buy the company, Western governments likely wouldn't allow it because of BlackBerry's deployment of mobile security software for those governments.
HBO may not have disclosed much, at all, about its planned standalone over-the-top service in the United States, but the premium network is about to make waves in China, announcing a deal with online video giant Tencent that will see many of its series distributed through Tencent's website "in the very near future." Terms of the deal were not disclosed, The Wall Street Journal reported.
Google is making a tentative move back to the Chinese mobile market by allowing Chinese developers to develop and sell apps through its Google Play application and media store outside of China.
Qualcomm executives noted that the company continues to face hurdles in China, and partially as a result the firm said it is now expecting a slightly more conservative growth rate during the next five years. However, the chipset giant still thinks it has plenty of room to grow thanks to increasing LTE and smartphone adoption and its decision to move into new areas, such as supplying silicon for servers.
Qualcomm warned that its 2015 sales and profit could be hurt by the outcome of an anti-monopoly investigation into the company's licensing practices in China, the world's largest smartphone market. The chipset giant also disclosed that it is facing probes from the Federal Trade Commission and European Commission.
We are now entering a new phase of competition in the global smartphone market and the likes of Lenovo and Xiaomi are poised to make life a lot more difficult for market leaders Samsung Electronics and Apple. How Samsung and Apple respond will go a long way to determining whether they can maintain their status as market leaders, though I think Samsung has a lot more to worry about right now than Apple does.
HALF MOON BAY, Calif.--Motorola Mobility has been through several near-death experiences in the past few years, but its impending acquisition by Lenovo will allow it to double the number of markets it competes in and ride the trend toward lost-cost smartphones, according to Motorola President and COO Rick Osterloh.