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MWC 2023: Phone firms set for annual meet in shadow of global slump

27Feb

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Technology

MWC 2023: Phone firms set for annual meet in shadow of global slump

[ad_1] The big beasts of the telecom industry will gather in Barcelona on Monday for their most important annual get-together, this year under the shadow of a severe slump across the technology sector.Some 80000 delegates are expected at the four-day Mobile World Congress (MWC), which is back to near full strength following years of pandemic-related disruption. Industrial titans like Ericsson, Huawei, Nokia and Samsung are set to showcase their latest innovations, flanked by smartphone makers like Oppo and Xiaomi and network operators like Orange, Verizon and China Mobile. Industry body GSMA, which organises the event, is building the show around forward-looking ideas like the metaverse and artificial intelligence (AI), cryptocurrencies and finance, and the potential of superfast 5G mo...

Apple iPhone Is Lone Bright Spot in Gloomy Quarter for Smartphones

[ad_1] Apple Inc. was alone among the world’s top five smartphone vendors to register growth in the third quarter this year. Apple Inc. was alone among the world's top five smartphone vendors to register growth in the third quarter this year as the mobile market suffered a double-digit decline. Global leader Samsung Electronics Co. slumped 8% to 64 million units in the three months ended September, while Chinese vendors Oppo and Vivo were each down at least 20%, according to the latest data from Canalys and Counterpoint researchers. Weak demand in China, which Samsung called out as a major drag on its sales of phone components this week, has weighed on the industry this year. Xiaomi Corp. weathered the hit better than its compatriots because of its wider international presence, t...

Chinese Headset-Battery Supplier to Xiaomi, Oppo Hikes Prices

[ad_1] A unit of China’s top lithium producer is raising prices for small batteries used by Xiaomi and Oppo. A unit of China's top lithium producer Ganfeng Lithium Co. is raising prices for small batteries used in consumer electronics like headphones that are produced by companies including Xiaomi Corp. and Oppo.Xinyu Ganfeng Electronics Co. sent a letter to customers on Friday saying prices for new orders would be evaluated amid a substantial hike in power cell costs. The Chinese lithium producer confirmed the content of the letter seen by Bloomberg News; it didn't give a size of the price increases for its customers. The company, which makes small polymer lithium batteries for smart wearable products and Bluetooth headset b...