Tag: Vivo

ED arrests four persons in Vivo PMLA case
10Oct By adminNo Comments
Technology

ED arrests four persons in Vivo PMLA case

[ad_1] The Enforcement Directorate has arrested the MD of Lava International mobile company, a Chinese national, a Chartered Accountant and another person as part of its ongoing money-laundering probe against Chinese smartphone-maker Vivo, official sources said on Tuesday. The four were taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA). They are expected to be produced before a court here where the ED will seek their custody. We are now on WhatsApp. Click to join The agency had raided the company and its linked persons in July last year, claiming to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies. The ED had then alleged that a whopping ₹62,476 crore was "illegally" transferred by Vivo to Chi...
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Chinese Smartphone market may remain weak through 2023, IDC says
28Jul By adminNo Comments
Technology

Chinese Smartphone market may remain weak through 2023, IDC says

[ad_1] Chinese smartphone shipments fell 2.1% in the second quarter, extending a market decline that may persist throughout 2023, research house IDC said. The decline came despite widespread discounting during the “6.18” online shopping festival in June. Apple Inc. was one of the few brands that managed to grow business, by 6.1%, IDC estimated in its latest market report. Shipments from Honor Device Co. and Xiaomi Corp. both declined by more than 17% in the quarter, while Huawei Technologies Co. lifted shipments 76.1%, mainly via the premium P60 series and foldable devices. Oppo maintained pole position with 17.7% market share, followed by fellow Chinese brands Vivo and Honor. China's smartphone market, the world's largest, is struggling alongside a sputtering economy. Shipments have s...
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Realme, follows OPPO and vivo, to exit German market after run-in with Nokia
22Jun By adminNo Comments
Technology

Realme, follows OPPO and vivo, to exit German market after run-in with Nokia

[ad_1] In a recent statement by Realme, the Chinese company confirmed its exit from the German smartphone market and restricted all business there, NextPit reported. Realme cited "sales slowdown" as the cause for the company's impending departure from the German market and it closely aligns with the path taken by other brands vivo and OPPO.Now, Nokia has clear sway over the German market with 3 major smartphone makers Oppo, vivo, and Realme exiting from this market. OPPO and vivo on NokiaVivo's take on not renewing the patent-licensing agreement with Nokia had backfired. Regarding the issue, Nokia took legal action in Germany, resulting in the Mannheim Regional Court declaring Nokia as the only German patent in the lawsuit against vivo. According to Nokia Power User, Vivo might plan to ...
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Apple iPhone Is Lone Bright Spot in Gloomy Quarter for Smartphones
28Oct By adminNo Comments
Technology

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...
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iPhone 12 most popular 5G-capable device in Indian market, says Ookla
15Oct By adminNo Comments
Technology

iPhone 12 most popular 5G-capable device in Indian market, says Ookla

[ad_1] Apple iPhone 12 is the most popular 5G-capable device in the Indian market, according to a report by Ookla. Check details here. With the launch of 5G in India, people are preferring to buy 5G capable devices in order to enjoy the service. But the question is, when you have a wide list of options to consider, it becomes difficult to decide which phone to go for. According to a latest report by Ookla, the iPhone 12 5G is the most popular 5G-capable device in the Indian market. The report also informed that in its survey, 51 percent of survey respondents already had smartphones supporting 5G, while the top smartphone vendors in the market are Samsung (31%), Xiaomi (23%), Realme, and Vivo. "In our survey, 51% of survey respondents already had smartphones supporting 5G. The top sma...
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