Qualcomm selling 25% fewer chips, plans round of layoffs
Qualcomm is selling fewer chips to smartphone makers. As a result, it's posting weaker financial results for the third fiscal quarter of 2023. The disappointing sales will lead to a round of layoffs.
The smartphone market is currently still experiencing disappointing sales. Due to macroeconomic ... Read more
‘European smartphone market plummets 12 percent’
According to a survey by Counterpoint Research, the European smartphone market shrank by 12 percent in Q1 of this year, posting the fewest shipments in over ten years.
According to the research organization, the drop was caused by continued component shortages, COVID-19-related lockdowns in Chi... Read more
Xiaomi now ahead of Apple in smartphone market share
Xiaomi has managed to capture 17% of the smartphone market share after experiencing 83% year-on-year growth during 2021’s Q2. This now firmly places it above Apple at the number 2 spot, and only behind Samsung. The data comes from research firm Canalys and indicates that Apple only had 1% growth ... Read more
LG offers 3 years of Android updates after leaving smartphone market
LG has pledged that it will continue to issue future Android OS updates to many of its smartphones, even though the company confirmed earlier this week that it is dissolving its smartphones venture.
The Velvet, Wing, and G- and V- series phones from 2019 or later will be getting three Android up... Read more
LG closes down its smartphone branch
The Korean electronics company LG has announced that it is closing down its smartphone branch. The company saw no future in the increasingly competitive smartphone market and will focus on other branches.
The announcement states that the company's board has approved the decision. From now on, LG... Read more
Oppo is the fastest-growing smartphone brand in China
Oppo has risen to the top in China, it has become the best-selling smartphone brand in China for the first time. Counterpoint’s report states that the company managed to get 21% of the world’s biggest smartphone market in January, beating Vivo and Huawei, which both got 20%.
Apple and Xiaomi... Read more
OPPO aims for larger European market share
Chinese smartphone manufacturer OPPO has set a goal to become one of the largest smartphone manufacturers in Europe in the coming years. The company has shared a vision of how it wants to achieve this.
In a press release, the phone manufacturer boasts how it has expanded into 4 new markets in th... Read more