Xiaomi Corp trotted out its latest marquee smartphones as billionaire co-founder Lei Jun counts on the Mi5 to kick-start growth and claw back share in a slowing Chinese market.
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Chinese banks are to pay half the fees levied by Apple on United States banks for the privilege of leveraging Apple Pay, as the consumer electronic giant bids to build market share in the country’s competitive mobile payments market. “You get the same features as an LG or a Samsung smartphone has hardware-wise, but for a lower price”. The new device will initially be available in China and India, followed by “other global markets”, raising the possibility it may venture into Europe and/or North America for the first time, a step that would greatly add to the pressure on market leaders Apple and Samsung. Xiaomi, which typically launches phones in China, will preview the Mi 5 phone in Barcelona on Wednesday.
Before it jumped into the consumer space with smartphones and the new 2-in-1 Mate Book tablet , Huawei was known for its network equipment and infrastructure business.
According to research firm Gartner, smartphones sales rose to 403 million units in the Q4 2015, 9.7 percent higher year-over-year.
And while these phone companies are pushing cheap phones, they are starting to succeed in getting customers to pay more – though still not as much as an iPhone or a high-end Galaxy.
The current expansion is a big step forward for Apple, as China has the largest smartphone market in the world. This pace of growth according to him puts Huawei on track to become the leading smartphone company in the world in the coming five years.
In the pilot project, testers were required to download a separate app to use the service, but Mastercard is aiming to work with banks and smartphone makers to incorporate the technology directly into banking apps.
It took up 3.3 percent of the market in the fourth quarter of previous year, Strategy Analytics said on Monday.
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Huawei showed off the laptop – which is powered by Microsoft Corp.s Windows 10 and comes with a detachable screen – to help fuel its rapid ascent in consumer devices.
