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.
Ericsson reported third-quarter sales that beat analysts' expectations, but falling revenue in the North American market cast concerns over the vendor's forthcoming fourth-quarter results. North America is the company's largest region by revenue and carrier spending in the market has traditionally been a growth driver for Ericsson--but that could be starting to shift.
Apple CEO Tim Cook on Wednesday met in Beijing with Ma Kai, China's vice premier, according to Chinese state news agency Xinhua, and "exchanged views on protection of users' information." The meeting came just days after a report emerged that indicated Chinese-based hackers had attacked users of Apple's iCloud cloud storage service in the country.
The European Commission dropped its threat to launch an investigation into alleged illegal subsidies for Chinese mobile equipment manufacturers, in what will come as a relief to Huawei and ZTE--the two leading Chinese vendors operating in Europe.
Comcast is leading a team of Chinese investors who will collectively spend about $3.3 billion to build a new Universal theme park in Beijing. According to a statement, the Chinese government has approved development of the 300-acre park, which will eventually be expanded to 400 acres.
Cisco has created an $80 million joint venture with Chinese hardware vendor TCL to establish a foothold in the country's cloud services market.