The Long-Soaring Smartphone Market Is Heading Back to Earth

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The Long-Soaring Smartphone Market Is Heading Back to Earth Established 1961 15 Technology Tuesday, June 5, 2018 The long-soaring smartphone market is heading back to earth Should rely on shrewd competitive moves to ramp up revenues SAN FRANCISCO: After a decade of sizzling growth, that the smartphone market in China would flatten out the smartphone market has suddenly cooled. Surveys next year, while sales in India were expected to contin- show smartphone sales last year shrank slightly for ue to boom on low-priced handsets. “China remains the the first time since the 2007 debut of the iPhone, and focal point for many given that it consumes roughly 30 preliminary data this year suggests further decelera- percent of the world’s smartphones,” IDC analyst Ryan tion. Analysts say several factors have hit the smart- Reith said. A catalyst for a smartphone rebound may be phone market including the lack of new features that the arrival next year of devices tailored for ultrafast 5G wow consumers, people holding their devices longer telecommunications networks, according to IDC. For and the saturation of key markets including China, now, the sector appears sluggish. which had been driving growth. Counterpoint Research said the handset market “The market has peaked, that is the bottom line,” dropped three percent in the second quarter compared said Bob O’Donnell, analyst and consultant with with a year earlier, a second straight quarterly decline. Technalysis Research. “It is for sure not the death of “The waning smartphone demand is due to a slowdown the smartphone; it is the death of the growth of the in developed markets where replacement cycles are smartphone market.” The lengthening with overall smartphone market began to smartphone features and hit saturation in 2016 much design reaching its peak,” said the way the tablet and per- Market Counterpoint analyst Tarun sonal computer markets did Pathak. “However, emerging years earlier. “It doesn’t began to hit markets still offer a sizeable mean it is not a strong mar- opportunity.” ket-it is a huge market-but it saturation Handsets powered by means vendors have to think in 2016 Google-backed Android differently,” O’Donnell said. mobile were expected to con- Smartphone sellers with tinue to dominate the smart- slices of the market should phone market, with a share of no longer count on a fast- about 85 percent remaining GUIYANG: Photo shows the Huawei smartphone production line at Foxcon, Guiyang New Area, Guizhou growing pie and instead rely on shrewd competitive relatively stable during the coming five years. “There is province, on the 28th of May. —AFP moves to ramp up revenues, according to analysts. no question that Android is the OS (operating system) Samsung remains the market leader, according to sur- of choice for the mass market and nothing leads us to veys, but its lead over Apple has slipped. China’s believe this will change,” IDC said in its forecast. pressure to show they are worth the price paid to lysts warn that Apple is not thinking ahead to how Huawei is holding the number three spot and rival upgrade from budget-friendly models, according to consumers will interact with technology beyond the Chinese maker Xiaomi has been growing rapidly Whither Apple? analysts. Apple has weathered the market slump better smartphone. despite the lack of a US presence. While smartphone shipments will ebb this year, the than its rivals but remains under pressure to impress ABI Research analyst David McQueen said in a average selling price will rise more than 10 percent to consumers after introducing its iPhone X priced at December report that Apple is lagging rivals like China focal point $345 and remain on an upward trend, said IDC $1,000 and up. Google and Amazon in developing new kinds of International Data Corporation said 2017 smart- research manager Anthony Scarsella. “This year will “With its exclusive focus on premium smartphones, devices and that Apple will be a “follower” in the phone sales fell 0.1 percent to 1.472 billion devices, continue to focus on the ultrahigh-end segment of the Apple needs to significantly raise the overall experi- “post-smartphone era.” “This next wave of innovation largely due to weak fourth quarter shipments. IDC market as we expect a surge of premium flagship ence of its next-generation iPhones to trigger replace- in the smart device ecosystem will be led by Google expects another decline in 2018 before a rebound from devices to launch in developed markets,” Scarsella said. ments and lead to solid growth in the near future,” and Amazon, as their apparent strength in major new phones for 5G networks and India’s vibrant market. As economies improve in countries around the Gartner research director Anshul Gupta said. Apple growth sectors, notably computer science, allows for a The “biggest driver” of the downturn last year was said world, more people can afford to switch to premium could unveil some of its strategy at its developers con- more flexible approach to next-generation user expe- by IDC and others to be the China market. IDC forecast models. Premium smartphones, however, will be under ference opening Monday in California. But some ana- riences,” said McQueen. —AFP nology allowing central banks to maintain control,” Lithuania holds Egidijus Paleckis, who is in charge of the project, told reporters. Marius Jurgilas, a member of the executive board hackathon to mint of the Central Bank of Lithuania, encouraged the Trio reach Earth from hackers to “make history” by bringing “numismatics digital collector coin and the digital world together” as he launched the event on Saturday. The hackathon attracted eight IT ISS with football VILNIUS: Lithuania’s central bank on Saturday held teams including some from Cyprus as well as a hackathon aimed at issuing the world’s first digital Lithuania. Julius Jankauskas, a numismatist and coin slated for World Cup collector coin to mark this year’s centenary of inde- collector who was part of the jury, explained that the pendence for the Baltic eurozone state. The program- project is aimed at “issuing a digital currency linked ASTANA, Kazakhstan: Russian cosmonaut Anton ming prototype designed by a team of IT developers to a physical coin”. Shkaplerov made it back to Earth Sunday along from Ukraine that won the event, held in the capital “The buyer can buy this digital currency, it can be with an official match football that could be used Vilnius, was not based on existing blockchain, or so- sold several times. If he decides to exchange it for a later this month in the opening game of the World called distributed ledger technology. real coin at the bank, the digital currency will have no Cup in Moscow. Shkaplerov, Scott Tingle of the The peer-to-peer computer platform which under- value,” he explained. The central bank must still United States and Norishige Kanai of Japan pins trading in bitcoin and other cryptocurrencies is decide on the mintage, denomination, price and date falls under the eurozone nation’s bid to become a touched down on the Kazakh steppe on time at decentralised, making it impossible for any single of issue, which will come before the year’s end. The northern European hub for financial technology or 1239 GMT after a 168-day mission aboard the administrator to control it. But Lithuania’s central coin’s release constitutes one of the events to mark fintech firms and blockchain-based start-ups, espe- International Space Station. bank was keen to have a more private and manage- 100 years since Lithuania’s rebirth as a nation in 1918 cially for those that may be seeking to relocate due to Footage from the Russian space agency able system. “The winners have come up with a tech- after being wiped off the map for 123 years. It also Brexit. —AFP Roscosmos showed the Soyuz descent module car- rying the three touch down as recovery helicopters circled over the landing site. Shkaplerov was out of 350.5 billion yen in Pangea, acquiring a 40.2 the capsule first and was pictured munching grapes Toshiba percent stake. as the support crew tended to him ahead of his The sale and reinvestment will give journey back to Moscow. “We are a bit tired but Toshiba a pre-tax profit of 970 billion yen, happy with what we have accomplished and happy completes $21bn though the bump was already built into fore- to be back on Earth. We are glad the weather is casts it announced last month. Toshiba sunny,” said Shkaplerov in footage broadcast from sale of chip unit agreed in September to sell its memory chip the landing site. Tingle came out next, to whoops business in a bid to stay afloat after multi-bil- and cheers, followed by Kanai. Both Kanai and Tingle are now bound for TOKYO: Embattled conglomerate Toshiba lion-dollar losses. It struggled after the disas- Houston via the Kazakh city of Karaganda where on Friday completed the $21 billion sale of its trous acquisition of US nuclear energy firm they will undergo further medical tests to complete prized chip unit to an investment consortium, Westinghouse, which racked up billions of their mission. Roscosmos posted on Thursday a a move seen as crucial to keeping the dollars in losses before being placed under video of Shkaplerov and fellow cosmonaut Oleg Japanese firm afloat. The deal had been bankruptcy protection. Artemyev practicing in the ISS with an Adidas delayed while Chinese regulators examined In order to survive and avoid delisting, the Telstar 18 football. Russian news agency TASS whether it could violate anti-trust laws, but cash-strapped group decided to sell the chip reported that the ball is planned to be used during they finally granted approval in mid-May.
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