Beyond Xiaomi and Realme, one Chinese smartphone brand that has seen amazing growth in India is Vivo which will double down on its efforts to develop Artificial Intelligence (AI)-enabled 5G devices in 2020 to match the fast-paced lifestyle of consumers, a top company executive said on Wednesday. The brand took a big leap with capturing 17 per cent market share - its highest-ever -- in the third quarter (July-September period) this year. It is now third in the India smartphone market - after Xiaomi and Samsung - and according to Nipun Marya, Director Brand Strategy, Vivo India, the brand has recorded its highest-ever market share of 23 per cent for the month of October (according to German market research firm GfK). "Yes! 2019 has been a good year for Vivo in India. Our endeavour is to constantly give industry-first innovations to our customers, continually expand our distribution footprint, and announce more investments as part of our commitment to the India market," Marya told IANS … [Read more...] about Vivo eyes AI-driven 5G devices for India market in 2020
Highest market share
NEW DELHI: Chinese smartphone maker Huawei is aiming to be the highest selling premium smartphone in India currently ruled by Samsung, OnePlus and Apple and re-entered the segment recently with its Huawei branded P20 and P20 Pro phones, a top official said. The company is making a concerted push into the high-end segment through its “Huawei branded” smartphones, while its sub-brand, Honor, continues to compete with Xiaomi and Oppo in the sub-Rs 20K category. “Our target is to become the top player in the premium segment in India,” Allen Wang, director, product centre, Huawei India Consumer Business Group, told ET. OnePlus was the top premium smartphone brand (Rs 30,000 and above) in India, even as the overall premium phone market grew 19% on-year in the April-June quarter as more consumers upgraded to 2018 flagship launches by different Android brands in India. Huawei along with its subbrand Honor had 3% share in the Indian smartphone segment, with the bulk … [Read more...] about Huawei aims to capture premium phone market
Hector Sants, the chief executive of the Financial Services Authority, said: "I have sympathy for the US authorities given the complexity of the problems they faced that weekend but I do believe it was a mistake to let Lehman's fail." As well trying to find a solution for Lehman, the US authorities were also aware that Merrill Lynch was on the brink and that weekend it was taken over by Bank of America. … [Read more...] about Lehman downfall triggered by mix-up between London and Washington
In October, the Fed announced that it would start buying about $60 billion per month in Treasury bills to ensure “ample reserves” in the banking system, a program that would continue at least until the second quarter. The Fed would also continue to support the short-term lending markets by offering daily operations in the market for repurchase agreements, or repo. … [Read more...] about Defying gravity? What could bring U.S. stocks down to earth
Without Air India, the government stands to make significant savings. Assuming the practice of subsidised air travel continues, government servants and others will enjoy the option of the dynamic pricing that has become standard for private airlines now (managements of private airlines may be "losers" inasmuch as they will have to suffer MPs and their henchmen demanding free upgrades and other perks). … [Read more...] about If Air India ceases to exist, who will be the biggest gainer?
“I’m not interested in managing a tourist city,” he said. Dispersal is the answer, Marcé believes: the problem is not so much that Barcelona has sold itself but that it’s sold itself badly. Aware the sector brings in about €10bn a year, he said: “We don’t want more tourists but that doesn’t mean we want fewer.” … [Read more...] about Overtourism in Europe’s historic cities sparks backlash