idc

TikTok owner ByteDance acquires stake in memory chip firm InnoStar to bolster VR unit Pico as it takes on Apple’s Vision Pro

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TikTok owner ByteDance acquires stake in memory chip firm InnoStar to bolster VR unit Pico as it takes on Apple’s Vision Pro

Picoheart, a Singapore-based affiliate of ByteDance, earlier this month invested an undisclosed amount to acquire a 9.5 per cent shareholding in state-backed InnoStar, which is headquartered in Shanghai, according to data from company registry information provider Qichacha. That investment was made “in hopes of utilising the memory chips produced by InnoStar in Pico’s VR headsets”, … Read more

Chinese tech giant Lenovo doubles down on AI after world’s largest PC maker posts first quarterly revenue growth since late 2022

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Chinese tech giant Lenovo doubles down on AI after world’s largest PC maker posts first quarterly revenue growth since late 2022

Lenovo Group, the world’s largest personal computer (PC) maker, said it is doubling down on various artificial intelligence (AI) initiatives, including new computing devices and services that support the technology, after reporting a 3 per cent year-on-year increase in revenue in the December quarter. The Beijing-based tech giant on Thursday said its revenue reached a … Read more

China’s foldable smartphone shipments more than double in 2023, as Huawei continues to lead the growing handset segment

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China’s foldable smartphone shipments more than double in 2023, as Huawei continues to lead the growing handset segment

Foldable phone shipments in mainland China more than doubled last year in spite of overall weakness in the world’s largest smartphone market, with Huawei Technologies remaining the country’s top vendor in this growing handset segment. Mainland shipments of foldable smartphones reached 7.01 million units last year, up 114 per cent from 3.2 million in 2022, … Read more

Chinese smartphone vendors from Meizu to Oppo step up AI integration in their devices amid expected industry recovery in 2024

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Chinese smartphone vendors from Meizu to Oppo step up AI integration in their devices amid expected industry recovery in 2024

“Meizu will build an ecosystem to fully open its AI devices to leading global LLM providers, including OpenAI, to jointly promote AI innovation and development,” the company said. An Oppo internal letter released on February 18, 2024, said the impact of artificial intelligence on its industry would be comparable to the period when smartphones replaced … Read more

Apple’s Vision Pro raises interest for extended reality technology, spurring broader demand for more affordable headsets, Rokid CEO says

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Apple’s Vision Pro raises interest for extended reality technology, spurring broader demand for more affordable headsets, Rokid CEO says

The Vision Pro, which Apple first rolled out in the United States earlier this month, will help the whole extended reality (XR) sector grow and generate greater consumer interest, while expanding the development of relevant software and content, according to Rokid founder and chief executive Misa Zhu Mingming. “We’re very happy that Apple got into … Read more

Huawei tablet shipments rise in fourth quarter, bucking global decline along with Chinese rivals Xiaomi, Lenovo

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Huawei tablet shipments rise in fourth quarter, bucking global decline along with Chinese rivals Xiaomi, Lenovo

Chinese technology giant Huawei Technologies nearly doubled its global tablet shipments in the last quarter of 2023, as major Chinese brands registered strong growth in an overall declining market, according to new data from market research firm Canalys. The US-sanctioned company shipped more than 2.8 million tablets in the December quarter, a surge of over … Read more

Apple’s China sales fall 13% in December quarter amid weak iPhone demand, increased competition from Huawei

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Apple’s China sales fall 13% in December quarter amid weak iPhone demand, increased competition from Huawei

Apple reported a nearly 13 per cent drop in revenue from its Greater China region in the December quarter, a setback that chief executive Tim Cook shrugged off amid the US tech giant’s overall global growth and its steadfast confidence in the world’s biggest smartphone market over the long term. The Cupertino, California-based company on … Read more

Chinese smartphone maker OnePlus returns to Germany after sister firm Oppo strikes global 5G patent cross-licensing pact with Nokia

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Chinese smartphone maker OnePlus returns to Germany after sister firm Oppo strikes global 5G patent cross-licensing pact with Nokia

Shenzhen-based OnePlus on Monday brought back six smartphone models to the world’s fourth-largest economy, including the foldable OnePlus Open, according to the firm’s German website. OnePlus also started pre-orders for its latest OnePlus 12 and OnePlus 12R handsets. Before this week, OnePlus only offered a limited number of accessories, such as wireless earbuds, for purchase … Read more

China’s smartphone market recovers in 2023 amid increased competition, Huawei’s strong comeback in 5G handset segment

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China’s smartphone market recovers in 2023 amid increased competition, Huawei’s strong comeback in 5G handset segment

Domestic smartphone shipments totalled 289 million units last year, compared with 272 million in 2022, according to the latest report published on Monday by the China Academy of Information and Communications Technology (CAICT), a scientific research institute under the Ministry of Industry and Information Technology. That increase was in stark contrast with the 22.6 per … Read more

Apple beats Samsung to take the top spot in smartphone shipments for the first time in 13 years

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Apple beats Samsung to take the top spot in smartphone shipments for the first time in 13 years

Apple beats Samsung in 2023 to become the top smartphone maker IDC’s preliminary data for smartphone shipments shows that the overall smartphone market saw a 3.2% decline. Despite the challenging conditions, Apple grabbed a record-high market share of 20.1%, with 234.6 million units shipped in 2023. This is 3.7% growth in the year, while the … Read more