Huawei to Expand in US Smartphone Market Next Year

Huawei to Expand in US Smartphone Market Next Year

Chinese smartphone brand Huawei will start sales through US carriers next year, a Huawei executive said Monday, stepping up the No. 3 global handset seller’s presence in the home market of rival Apple Inc.

The president of Huawei Technologies Ltd.’s consumer business, Richard Yu, said he would announce details at next month’s Consumer Electronics Show in Las Vegas. He said sales would start with the flagship Mate 10 but declined to give a price or say through which carrier or carriers they would be sold.

Huawei sells some models in US electronics stores and online but has a minimal share of an American market in which most sales are through carriers. Globally, the company trails Samsung and Apple by handset shipments but leads in China, the biggest market, and says it expects to ship a total of 150 million units this year.

“We will sell our flagship phone, our product, in the US market through carriers next year,” said Yu in an interview. “I think that we can bring value to the carriers and to consumers. Better product, better innovation, better user experience.”

Yu expressed confidence the smartphone business wouldn’t be affected by American government concerns Huawei might be a security threat, which derailed US demand for its network gear.

“In consumer sales, when people really start using Huawei products, they will change their minds,” said Yu.

Huawei, founded in 1987 by a former military engineer, is the first Chinese brand to break into the top ranks of global technology suppliers.

The company, headquartered in Shenzhen, near Hong Kong, is the world’s biggest supplier of switching equipment used by telephone and internet companies. It has manufactured mobile phones since the 1990s and launched its own smartphone brand in 2010.

Huawei reported 2016 profit of CNY 37 billion ($5.4 billion) on revenue of CNY 521.6 billion ($75.6 billion). The company is owned by its employees, with no publicly traded shares, but reports financial results in an effort to allay security concerns in the United States and Europe.

Helped by a strong position in China, India and other developing markets, sales by its premium-priced Huawei and mid-market Honor smartphone brands have grown faster than those of Samsung or Apple. That prompted suggestions Huawei might pass its American rival.

In the latest quarter, Huawei’s handset shipments rose 16.1 percent over a year earlier to 39.1 million, well ahead of Apple’s 2.6 percent growth to sales of 46.7 million, according to IDC. Samsung sales expanded 9.5 percent to 83.3 million units.

“We are a Top 3 smartphone supplier but we are very close to the Top 2. So maybe quickly we can be Top 2,” said Yu.

The Mate 10, unveiled in October, offers an extra-wide display, high-end cameras and other advanced features at prices 15 to 30 percent below those of Samsung and Apple.

Yu said the Mate 10 will be “competitively priced” in the United States but Huawei expects to compete on performance instead of cost.

“Our strength is in developed markets,” where consumers will pay for performance, said Yu. “We are not a cheap, low-cost company.”

Also next year, Huawei plans to start selling through carriers in Japan, where its phones already are sold in stores, Yu said.

“I think next year is a very important year for Huawei,” he said.

Huawei’s US business suffered a setback when a congressional panel recommended in October 2013 that phone carriers avoid doing business with it or a smaller Chinese rival, ZTE Corp. Beijing rejected the report as false and an effort to block Chinese companies from the US market.

Huawei denied being a security threat and rejected the US complaints as politically motivated or possibly an attempt by competitors to keep it out of the market.

“They are lying,” said Yu. “We are a company that really cares about cybersecurity and privacy protection. We do a lot better than the other vendors.”

[“Source-gadgets.ndtv”]

Top Insights for the Global Mobile Engine Filtration Market | Technavio

Technavio has published a new report on the global mobile engine filtration market from 2017-2021. (Graphic: Business Wire)

The latest market research report by Technavio on the global mobile engine filtration marketpredicts a CAGR of more than 6% during the period 2017-2021.

The report segments the global mobile engine filtration market by product type (liquid filter and air filter) and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Here are some key findings of the global mobile engine filtration market, according to Technavio heavy industry researchers:

  • Rising global automotive sales: a major market driver
  • In 2016, the liquid filter segment dominated with a market share of more than 65%
  • APAC held the biggest share of the market followed by the Americas and EMEA
  • Bosch Auto Parts, Cummins Filtration, DENSO, MAHLE, Donaldson Company, and Parker Hannifin are the leading players in the market

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Market growth analysis

Global passenger cars and commercial vehicles witnessed a combined growth of close to 5% annually during 2011-2016. Commercial and passenger transport vehicles incorporate several different filters, including engine air intake filters, fuel oil filters, lubricating oil filters, and cabin air filters. Thus, the large volume of sales and the growth of the automotive market make the global automobile industry the biggest consumer and driver of filtration systems for mobile internal combustion engines.

According to Gaurav Mohindru, a lead analyst at Technavio for research on engineering tools, “The filtration systems in cars, buses, and other transport vehicles play a significant role in keeping the engine running smoothly while simultaneously extending the vehicle’s lifespan. Although advances in filtration technology have extended the maintenance cycle period after which the automotive engine filters need to be replaced, the market is expected to grow due to the increasing vehicle sales and demand for high-end filters.”

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Geographical analysis

Technavio researchers anticipate high growth for the global mobile engine filtration market in APAC due to the region being home to several major automobile manufacturers, two-wheeler users, and the bulk of the shipping industry, all of which explain its huge share in the global mobile engine filtration market. Many countries in APAC have been witnessing rapid economic growth and rise in the middle-class population, which is fueling the demand for new vehicles in the region.

Competitive vendor landscape

The larger vendors such as Bosch Auto Parts, Cummins Filtration, DENSO, Donaldson Company, MAHLE, and Parker Hannifin have been focusing on product innovation and developing high-performance products to meet the growing demands of end-use customers as well as increasingly stringent regulations. The smaller vendors, which mostly sell low-cost aftermarket alternatives, may be unable to compete successfully in the market as they do not have sufficient capital to invest in R&D operations. This is expected to fuel further consolidation among filtration system manufacturers as well as engine component vendors during the next five years. For instance, in February 2017, Parker Hannifin acquired major filter manufacturer, CLARCOR, which is expected to boost Parker Hannifin’s ranking in the global market significantly.

Get a sample copy of the global mobile engine filtration market report free of cost

Access Technavio’s continuously growing engineering tools research library and find expert analysis on hundreds of markets.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Source:-businesswire

Apple, Huawei, Amazon Gain in Sluggish Tablet Market: IDC, Strategy Analytics

Apple, Huawei, Amazon Gain in Sluggish Tablet Market: IDC, Strategy Analytics

HIGHLIGHTS

  • Overall tablet sales dropped to 37.9 million
  • Apple saw nearly 15 percent boost in iPad sales from a year ago
  • Samsung remained the number two vendor with a 15.8 percent market share

Apple, Huawei and Amazon boosted tablet sales over the past quarter, despite the ongoing slump in the overall market for the devices, surveys showed Thursday.

Overall tablet sales dropped 3.4 percent from the same period last year to 37.9 million, according to a survey by research firm IDC.

Apple’s nearly 15 percent boost in iPad sales from a year ago gave it a 30 percent share of the global market, IDC said.

IDC said Apple’s gains came from consolidating its lineup and introducing new tablets, including a 10.5 inch iPad Pro, which encouraged some consumers to upgrade.

Samsung remained the number two vendor with a 15.8 percent market shares as sales dipped one percent, the report said.

China-based Huawei meanwhile bucked the overall trend with a strong 47 percent gain in sales, vaulting to the number three position with an eight percent market share, the research firm reported.

IDC estimated that Amazon – whose sales figures are not reported – boosted its Fire tablet sales by 51 percent from last year to capture the fourth spot at 6.4 percent.

China’s Lenovo was fifth with a 5.7 percent market shares as sales dropped 14.6 percent from last year, the report said.

A separate survey by Strategy Analytics estimated a seven percent decline in global tablet sales to 43.8 million units in the April-June period.

[“Source-gadgets.ndtv”]

London stock market welcomes two new listings in tech and property

LSE

A video technology company and a property services supplier join the London Stock Exchange this week

Two firms join the London stock market this week, a video technology company and a property services supplier.

Falcon Media House, which owns patented technology that prevents buffering when streaming video online, listed this morning at a valuation of £14m after raising £4m.

The business, which already has deals in place with Tata, intends to use the funds to grow its content, scale and reach. It also plans to develop one of its distribution platforms into the “Netflix of sports”.

The “over-the-top” streaming market, online videos that do not require the viewer to subscribe to a traditional TV provider, is forecast to grow from $28bn in 2015 to $62bn by 2020. It has “ushered in a broadcasting revolution that has irrevocably transformed the way that millions of people across the globe choose, access and watch multimedia content”, according to executive chairman Gert Rieder. “We are tapping into the insatiable demand for a more personalised and flexible multimedia experience, and in turn establish Falcon into a UK leader in the market.”

Netflix 
Video tech firm Falcon Media House wants to build the “Netflix of sports”

On Wednesday, Dukemount Capital, a property and investment services company, will follow suit with a flotation valuing the company at approximately £1.5m.

The group intends to raise £1m, which will be used to source and structure its first real estate acquisitions and cover its listing costs.

The UK-based company plans to acquire, manage and develop UK residential and hotel properties, which are for the most part already pre-leased to housing associations on a long-term consumer price index-linked basis. Dukemount will then agree a sale and leaseback with institutions. These leases, typically more than 30 years long, are called as long-dated income.

Last year, a report published by Schroders showed that the potential demand for long-dated income could be on the order of £1.6 trillion. Dukemont chairman Geoffrey Dart, who has an established record in hotel development, said: “The board have identified a unique opportunity which we expect will help close the growing demand and supply gap for long-dated income by providing institutions such as pension providers higher income yields.”

Dukemount expects to be profitable within the first 12 to 18 months of ­listing.

[“Source-telegraph”]