VENTURE CAPITAL POST

Counterpoint Research data shows Huawei's smartphone sales surged 69.7% in Q1, while Apple's iPhone sales fell 19.1%.

In Q1 2024, iPhone sales in China dropped significantly by 19.1%, contrasting with the modest 1.5% growth in the overall smartphone market, largely attributed to Huawei's 69.7% surge with its Mate 60 series.

Samsung has regained its position as the leading smartphone seller, overtaking Apple in the first quarter of 2024, amid a nearly 10% global decline in iPhone shipments and rising Chinese competition.

Huawei Technologies saw its profits surge by 9.6% in 2023, more than doubling its earnings, with its net profit reaching 87 billion yuan ($12 billion) due to strong sales and growth in cloud and digital sectors despite facing challenges from U.S. sanctions.

Many Chinese semiconductor companies associated with Huawei are reportedly being considered for blacklisting by the Biden administration.

Huawei also has similar agreements with Vivo, Xiaomi, and Oppo, allowing innovation and enabling the development of new products and services without the fear of patent infringement litigation.

Counterpoint Research data shows that iPhone sales in China fell sharply during the first half of 2024.

Huawei's new AI chipset timely coincided with China's export restrictions that limited Nvidia, among other limitations for their chipset productions.

Even if Huawei already has a foothold in Cuba, Google will still provide internet access and WiFi. This is according to the U.S. president during his historic visit to Cuba. Competition will drive faster and more reliable internet service to the island nation.

Ericsson and Cisco make a merger-like deal, but really isn't to face rapidly changing global market and earn up to $1 billion for each company by 2018. Fortune reported that European gear mobile communication manufacturer Ericsson and Silicon Valley Internet gear giant Cisco went into a partnership that is focused on future networks that will help manage the cross-selling for the companies' end-to-end portfolio.

The Finnish telecom network equipment maker Nokia's acquisition plan for French rival Alcatel-Lucent has received the conditional clearance from the Chinese government. The China's Ministry of Commerce has approved it with some conditions on the Euro15.6billion ($17.6bn) deal's antitrust process.

Google has released a new generation of Android phablet for 2015, The Nexus 6P. Made by Huawei, Nexus 6P offers slimmer and sleeker design, yet lower at price compared to Nexus 6.

Global electronics giant LG Electronics has prepared a growth strategy of launching new devices to boost sales volume for mobile division from the fourth quarter onwards. With a short gap after launching G4, LG has already unveiled V10 smart phone.

Google is sending media invitation for its event this coming 29th September. The event "a Morning Conversation about Some New Treats from Google" is expected to unveil new hardware produced by the company. News has been circulating that the company will unveil new Chromecast and new Nexus phone at the event.

Huawei's Nexus 6 will be run by the Android's newest version, LG's flagship and pioneer G series will receive the same update too.