Latest news with #IDC
The Star
5 hours ago
- Business
- The Star
Huawei tops China smartphone market for first time in years
New Huawei Pura 80 Ultra smartphones are seen on display at the Huawei Shanghai flagship store in the Huangpu district in Shanghai. The hardware giant held on to a roughly 18% share of the market in the June quarter, while other leading competitors like Vivo and Oppo slumped, according to IDC data. — AFP Huawei Technologies Co took the top spot in China's smartphone market for the first time in more than four years, a comeback fuelled by new designs and software that appealed to users in a slowing market. The hardware giant held on to a roughly 18% share of the market in the June quarter, while other leading competitors like Vivo and Oppo slumped, according to IDC data. The Shenzhen device maker showed greater resilience than rivals as overall shipments in China fell 4% to 69 million units. Huawei's recovery follows years of US export restrictions, which spurred the company to develop its own hardware and technologies, including artificial intelligence chips. In 2024, Huawei launched several smartphones powered by domestically designed and manufactured semiconductors, including the world's first commercially available device with two folds. It's also added smartphones with its own operating system, transitioning away from Google's Android. IDC researchers saw the first decline in China shipments after six consecutive quarters of growth, attributing that to diminishing help from government subsidies. "Despite the recent US-China trade truce, the broader economic environment presents ongoing challenges, with consumer confidence remaining subdued,' said Arthur Guo, senior research analyst at IDC China. "A significant uplift in smartphone demand is unlikely in the immediate term.' – Bloomberg
Iraq Business
6 hours ago
- Business
- Iraq Business
IDC deploys Second Rig for 35-Well Project at Zubair Field
By John Lee. The Iraqi Drilling Company (IDC) has deployed a second drilling rig, IDC-56, as part of the ongoing project to drill 35 oil wells at the Zubair oilfield. The project is being implemented under a contract with Italy's ENI, in cooperation with oilfield services company Schlumberger. IDC had previously commenced operations at Zubair using rig IDC-51. IDC Director General Eng. Hassan Mohammed Hassan confirmed that the company is progressing steadily with its strategic projects in accordance with the highest standards, in support of the Ministry of Oil's efforts to boost production and develop national oilfield infrastructure. (Source: Ministry of Oil) Tags: cg, drilling, ENI, featured, Schlumberger, Zubair
Time of India
12 hours ago
- Business
- Time of India
Flip phones turn out to be a flop
New Delhi: It flips, it folds, and now it flops. Foldable smartphones-hailed as the future of mobile handsets when they debuted seven years ago-are now seeing their sales charts do some folding of their own. Despite multiple iterations and a drop in the average selling price (ASP), foldable smartphone shipments in India fell 47% year-on-year in 2024, when they accounted for less than 0.5% of the overall market, according to IDC. Explore courses from Top Institutes in Select a Course Category Technology Finance Leadership Data Science healthcare CXO Design Thinking Cybersecurity Digital Marketing PGDM Product Management others MCA Others Project Management Public Policy Degree Data Science Healthcare Operations Management MBA Artificial Intelligence Data Analytics Management Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details This was followed by another 20% dip in the first quarter of 2025, as per the market research firm that tracks shipments from manufacturers to distributors and retailers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Counterpoint Research, which tracks retail sales to consumers, reported a 12% on-year decline in 2024, and a sharper 36% fall in the quarter ended March. Analysts expect foldables to remain a niche segment for the foreseeable future as consumers largely consider the devices fragile, pricey-notwithstanding recent price cuts-and lacking attractive use-cases. Live Events "Despite all the attention new foldable devices receive, they are still too expensive for mass-market appeal," said Jan Stryjak, associate director at Counterpoint Research. "Further, most consumers are still not sure what a foldable phone is for, and may still have concerns about the durability and longevity of the devices." IDC expects foldable shipments to decline by over 10% on-year in 2025. Counterpoint is more optimistic, forecasting a turnaround with about 20% growth this calendar year, driven by Samsung's latest foldables and fresh launches from Vivo and Motorola. Yet, the segment is expected to remain niche with sales of under 800,000 units in 2025, said Shubham Singh, analyst at Counterpoint. According to the researcher, India's smartphone sales reached 153 million units in 2024. India is not an outlier. Even in developed markets like Europe and the US, foldable smartphone shipments have remained flattish, despite increased competition driving prices downwards, according to multiple analysts. For overall global shipments of foldables, Counterpoint Research has forecasted a single digit degrowth in 2025, after 2.9% YoY growth in 2024. However, the segment remains aspirational, and brands continue to launch new models as a showcase of their engineering prowess, experts said. "Moving into their seventh year as a commercial category, foldables are no longer emerging," said Runar Bjorhovde, senior analyst at market analysis firm Canalys.
IOL News
12 hours ago
- Business
- IOL News
Huawei reclaims top spot in China's phone market: data
Tech giant Huawei topped China's smartphone market for the first time in over four years. Image: Reuters Tech giant Huawei topped China's smartphone market for the first time in over four years, outflanking US tech giant Apple as well as local competitors including Xiaomi, according to the US-based International Data Corporation (IDC). The Shenzhen device maker captured 18.1% of the local phone market in the second quarter of this year, shipping 12.5 million units, an IDC report published on Tuesday showed. Huawei's domestic rebound comes after the company has faced a smattering of US export controls, Western bans and a graft probe in Belgium. China's overall smartphone market shrank after six quarters of growth, according to the IDC data, with shipments totalling 69 million units, down 4% on-year. "Despite the recent US-China trade truce, the broader economic environment presents ongoing challenges, with consumer confidence remaining subdued," Arthur Guo, a senior research analyst at IDC, said in the report. "This suggests that a significant uplift in smartphone demand is unlikely in the immediate term, and the market will navigate a more complex landscape in the second half of the year." Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ China's economy grew more than 5% in the second quarter, official figures showed, despite the tariff chaos unleashed by US President Donald Trump. Huawei has been at the centre of an intense standoff between the world's top two economies after Washington warned the company's equipment could be used by Beijing for espionage, an allegation the company denies. Sanctions since 2019 have curtailed the firm's access to US-made technologies, forcing it to develop its own components. California-based Apple has been suffering a slump in iPhone sales in China, and last year ceded its status as the country's best-selling smartphone brand to two local rivals. In the IDC report, Apple came in fifth on the list, retaining 13.9% of China's smartphone market and shipping 9.6 million units. AFP
CNET
14 hours ago
- Business
- CNET
What Tariffs? Smartphone Market Grows 1% as More Phones Fold In AI
Looks like curiosity about AI may be boosting smartphone sales. Shipments of smartphones increased 1% year over year in the second quarter of 2025, despite tariff volatility and worldwide economic instability, according to new data released from the International Data Corporation. Much of the increase in sales is attributed to midrange devices like Samsung's Galaxy A36 and other smartphones that have started incorporating AI. The report blamed a drop in demand for lower-end devices, including those built around Android OS, for weighing down the smartphone market. However, devices that incorporate AI-enabled features have sparked a curiosity that's lured customers back -- for the right price. "Samsung was able to consolidate its market leadership and outperform the overall market achieving strong growth in the quarter driven by the sales of its new Galaxy A36 and A56 products," Francisco Jeronimo, vice president for client devices at IDC, said in a statement. "These new products introduce AI-enabled features to mid-range devices, which has been effectively used in retail stores to drive sales." Starting at $400, the Galaxy A36 potentially offers a more affordable entry into AI for many people, including AI-powered photo editing tools and Google's Circle to Search. Overall, says CNET mobile expert Mike Sorrentino, Samsung's Galaxy A line, especially its even cheaper $200 model, has been successful at eating into a US phone market that's otherwise dominated by Apple. "Samsung as well as its rival Motorola, with its Moto G series, have put a particular focus on getting the features people are looking for into lower-cost devices," Sorrentino said. "Those devices are often further subsidized by wireless carriers, making them particularly accessible albeit with a two- or three-year commitment to a carrier." A recent CNET survey found that just 11% of people upgrade their phone for AI features. However, the survey also found that price is the biggest driver (62%), meaning a midrange phone with new features could prove to be alluring enough to make the leap.
