Sales of smartphones to end-users grew 20.3 per cent year-on-year to reach 301 million units globally.
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.
Governments in the Middle East and North Africa will spend $12.2 billion (€9.7 billion) on IT products and services in 2014, an increase of 1.3 percent over 2013 revenue of $12 billion, according to Gartner. Telecom services, which include fixed and mobile telecom services, will be the largest overall spending category throughout the forecast period.
Pay-TV remains the biggest segment on the overall consumer video services market, but it's masking an incendiary spending rise for SVOD services like Netflix and Amazon Prime Instant Video.
Research firms Gartner and CCS Insight think much of the mobile phone shipment growth that will occur in 2014 will be driven by low-cost smartphones, underlining a shift down market that vendors and platform companies have been keen to take advantage of in their search for growth.
Worldwide semiconductor revenue is on pace to reach $338 billion (€269 billion) in 2014, a 7.2 per cent increase from 2013, and up from the previous quarter's forecast of 6.7 percent growth, according to latest figures from Gartner.
The Internet of Things (IoT) is between five and ten years away from becoming truly productive for businesses, according to the latest annual report on emerging technologies from the Gartner group.
Cisco CEO John Chambers indicated the company is staking out a beachhead in software-defined networking (SDN), predicting his company will come to dominate the nascent category.
The Internet of Things (IoT), which includes intelligent devices ranging from smartphones to medical robotics, is forecast to grow to 26 billion units installed by 2020 says Gartner.
Nearly half of ZTE's smartphone shipments in 2014 will be LTE devices, according to the global head of the Chinese vendor's mobile device business.