Research firm IDC said smartphone sales growth in 2015 will be slower than it had expected as sales in China slow down and the market there starts to become more saturated – and more like mature Western markets.
Markets all over the world are coping with sympathy pain following the steep decline of China's stock exchange, but Apple CEO Tim Cook said he's not worried about his company's long-term business prospects in China.
Apple CEO Tim Cook indicated that he has confidence in the company's business in China, especially its iPhone sales, despite investors' fears about slowing economic growth in the world's largest smartphone market that have sent stock markets around the globe spiraling downward.
Smartphone sales growth was its weakest in the second quarter since 2013, according to research firm Gartner. That's mainly due to the first-ever slowdown in the Chinese market, the world's largest for smartphones, and while Apple had a strong quarter in China, OEMs that rely on Google's Android software saw their fortunes slide, and Android overall recorded its weakest growth ever in the quarter, Gartner said.
China Telecom has become the first operator to deploy an Ericsson LTE Radio Dot System in the country, deploying the system in two of the country's coastal provinces, Zhejiang and Guangdong.
As the market rolls into August and well into the third quarter, over-the-top video players and analysts are closely watching the next move that Netflix makes: officially launching in Japan. Slated to take place on Sept. 2, Netflix Japan will be the company's most significant international entry this year, and even CEO Reed Hastings expects a tough slog.
Chinese equipment manufacturer Huawei reported strong growth in global mobile phone shipments and revenue in the first half of 2015, with smartphone revenue in China more than doubling from the year-ago level.
Apple's continued strength in smartphones will likely produce stronger year-over-year iPhone sales in the second quarter, according to analysts. However, as China's economy slows amid a slide in the stock market there, Apple's sales could take a hit.
Just as Huawei touted its contributions to the European 5G Public Private Partnership (5G-PPP) initiative, it announced a string of 4.5G and 5G-related achievements, including one in which it will deploy new services based on 4.5G for the Shanghai Disney Resort and China Unicom Shanghai.
What's behind Apple's reported decision to press its suppliers to manufacture between 85 million and 90 million units combined of two new iPhone models by the end of the year? China could be a major factor.