Vivo – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Wed, 13 May 2026 08:30:25 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Vivo – Tech | Business | Economy https://techeconomy.ng 32 32 12 Major Android Announcements at Google I/O 2026 | Gemini AI Transforms Smartphones https://techeconomy.ng/12-major-android-announcements-at-google-i-o-2026/ https://techeconomy.ng/12-major-android-announcements-at-google-i-o-2026/#respond Tue, 12 May 2026 17:01:35 +0000 https://techeconomy.ng/?p=181479 Packed with groundbreaking news, these updates will transform our Android interactions. Android, the world’s most popular OS with over 3 billion active devices, continues to innovate, bringing practical benefits and new possibilities.

For people in Nigeria, these advancements promise easier, safer, and more personal digital lives driven by Gemini Intelligence.

12 latest Android features and Gemini App Automation
What’s New in Android Security and Privacy – Android Scam Blog

From handing off your to-do list to unbreakable theft protection, dive into how Android’s 12 latest offerings will empower users across the continent:

1. Hand Off Your To-Do List with Gemini App Automation

Google is introducing Task Automation, allowing Gemini to navigate multi-step tasks across your apps so you can focus on other things. Instead of manually switching between apps and copying data, you can simply point your camera at a travel brochure in a hotel lobby and say, “Find a tour like this on Expedia for a group of six.”

You can also long-press your power button over a grocery list in your notes app and ask Gemini to build a shopping cart with all the items for delivery. Gemini handles the logistics in the background while keeping you in complete control.

Availability: Already in beta on S26 and P10 Pro devices, and launching on Galaxy Fold8 and Pixel 11 later this year.

2. Speak Naturally with “Rambler” (Powered by Gemini)

Google is announcing Rambler, a revolutionary voice typing feature in Gboard that captures your underlying intent rather than just transcribing your exact words. Because we don’t always speak the way we want to write, Rambler lets you talk naturally, including self-corrections, repeats, and filler words like “ums” and “ahs”, and turns those raw thoughts into a polished, concise message.

It is built for a global community and can seamlessly switch between multiple languages, like blending English and Hindi, within a single sentence.

Availability: Rolling out first to Pixel devices starting in Q3 2026.

3. A Personal Browsing Assistant with Gemini in Chrome

Google is announcing a built-in personal browsing assistant for Chrome on Android, designed to help you research and understand web content without ever leaving the app.

By tapping the Gemini icon on your toolbar, the assistant opens at the bottom of your display so you can ask specific questions about the webpage you are currently viewing.

Whether you need a quick summary of a long article or a detailed explanation of a complex topic, this tool seamlessly enhances your mobile web experience.

Availability: Rolling out to select Android 12+ devices with 4GB+ of RAM in the U.S. starting at the end of June.

4. Instant Image Customization with Nano Banana

Google is introducing Nano Banana, an innovative feature that lets you instantly create and customize images directly within your Chrome browser.

For example, if you are studying for an online exam, you can simply ask your browsing assistant to turn a text-heavy page into an informative infographic.

Similarly, if you are scrolling through apartment listings, you can ask the assistant to alter a photo of an empty room to include modern living room essentials, allowing you to instantly visualize ideas on the go.

Availability: Available in Chrome for Android starting next month.

5. Share with Anyone Using Quick Share & AirDrop

Google is announcing a massive expansion to Quick Share, making it compatible with AirDrop to solve the universal hassle of sharing files between different phone brands.

If you are at a family gathering and want to share a video with friends using iOS, you can simply use Quick Share on your Android phone to generate a QR code. Scanning this code lets you instantly share high-quality media across devices via the cloud, breaking down the barriers between operating systems.

Availability: Expanding to more partners including Samsung, OPPO, OnePlus, Vivo, Xiaomi, and HONOR this year.

6. OSmosis: Wireless iOS-to-Android Transfer

Google is announcing OSmosis, a completely overhauled, wireless iOS-to-Android transfer process that makes switching phones easier than ever. You can now wirelessly migrate your passwords, photos, messages, favorite apps, contacts, and even your precise homescreen layout directly from your iPhone to your new Android device without needing a cable.

Availability: Launching first on new Samsung Galaxy and Google Pixel devices later this year.

7. Pro-Grade Creator Tools Natively on Instagram

Google is announcing an expanded partnership with Meta to bring pro-level camera and editing features natively to the Instagram app on Android flagships.

Android creators can now enjoy Ultra HDR capture for lifelike, vibrant colors, along with built-in video stabilization to keep footage smooth while walking or dancing.

The update also includes deep Night Sight integrations, ensuring you can capture the perfect shot even in the dimmest settings.

Availability: Rolling out to flagship devices throughout Q3 and Q4 2026.

8. Reclaim Your Time with “Pause Point”

Google is introducing Pause Point, a new digital wellbeing tool designed to help you stop mindless, autopilot scrolling. When you try to open an app you have identified as distracting, Pause Point gives you a mandatory 10-second breather to ask yourself, “Why am I here?” During this pause, you can do a quick breathing exercise or set a strict timer for your app usage. To ensure you stick to your goals, turning the feature off completely requires you to restart your phone.

Availability: Available in Q4 2026 across all countries and languages.

9. Unbreakable Biometric Theft Protection

Google is announcing a powerful new anti-theft measure that enhances the “Mark as lost” feature with biometric authentication.

12 latest Android features and Gemini App Automation
What’s New in Android Security and Privacy – Live Threat Detection

If your device is snatched, you can now lock it using your fingerprint or face in addition to the standard passcode.

This provides an immediate, unbreakable layer of security, meaning that even if a thief spied on your PIN before stealing your phone, they will not be able to turn off device tracking or re-access your personal data.

Availability: Rolling out as a built-in feature on devices running Android 17.

10. Express Yourself with Noto 3D Emoji

Google is announcing Noto 3D, a massive update to the way we express ourselves with nearly 4,000 newly designed emoji. Moving away from flat 2D icons, these new 3D emoji bring a touch of physicality and weight to your digital conversations.

Whether you are sending a wrapped burrito or a joyful smile, this visually vibrant collection bridges the digital divide, representing the difference between a message simply being received and a true presence felt.

Availability: Available across Google platforms, starting with Pixel phones later this year.

11. Fill Out Forms in a Single Tap with Gemini Personal Intelligence

Google is announcing an evolution to Autofill with Google, powered by Gemini’s Personal Intelligence. This new feature allows Android to automatically fill in complex forms across your apps and Chrome browser.

By securely pulling relevant information from your connected apps or saved photos, such as passport details or frequent flyer numbers, your device saves you from the universal hassle of typing out tiny text on a mobile screen.

Availability: Rolling out in Q2 2026 for phones, and Q4 2026 for laptops and tablets.

12. Build Custom Widgets with Gemini Intelligence

Google is introducing Create My Widget, taking the first step in generative UI to give you more ways to make your device truly yours.

12 latest Android features and Gemini App Automation
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You can now build entirely custom widgets just by describing what you want using natural language. For example, a meal prepper can ask for a widget that suggests high-protein recipes every week, or a cyclist can create a weather dashboard that surfaces exact wind speed and rain stats right on the home screen.

Availability: Launching in Q3 2026 for phones, watches, laptops, and tablets.

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Credit Direct, vivo Sign Smartphone Financing Deal to Boost Device Access in Nigeria https://techeconomy.ng/credit-direct-vivo-smartphone-financing-nigeria/ https://techeconomy.ng/credit-direct-vivo-smartphone-financing-nigeria/#respond Mon, 20 Apr 2026 12:59:15 +0000 https://techeconomy.ng/?p=180130 Credit Direct and vivo have entered a new financing partnership aimed at making smartphones easier to buy in Nigeria.

Both companies signed a Memorandum of Understanding on Friday, April 17, 2026, at Credit Direct’s headquarters in Lagos. 

The agreement allows customers to pay 20% of a vivo smartphone’s price upfront, then spread the remaining balance over six months. Credit Direct will provide the financing.

The two firms say the plan targets a long-standing issue in the Nigerian market, where people want smartphones, but many cannot afford to pay in full at once.

Nigeria has about 120 million smartphone users. Still, a large share of the population lacks access to a device. With more than 40% of Nigerians still not using smartphones, the cost is the limitation.

Under the partnership, customers will also be able to access vivo devices through more than 600 retail stores across 25 states. Both companies are targeting sales of over 200,000 devices in the first year.

Credit Direct, a subsidiary of FCMB Group Plc, said the arrangement fits into its consumer lending model, which focuses on extending credit to people outside traditional banking systems.

The company’s managing director and chief executive, Chukwuma Nwanze, said the partnership brings together financing and mobile technology in a practical way.

Nigeria has millions of smartphone users, but the gap between those who are connected and those who are not remains wide, and the primary reason for that gap is access to capital. This partnership addresses that directly,” he said.

vivo has built a strong mobile product over the years, and Credit Direct has been providing financing to people who have been shut out of the formal financial system for years. What this partnership does is bring those two realities together. People who need smartphones but cannot afford to buy one outright can now do so through a payment plan that does not strain their monthly income.”

He further stated that the mission has always been to make financial solutions a universal opportunity, and this is exactly what this looks like. “I am genuinely excited about what we can achieve together.” Chukwuma Nwanze, MD/CEO, Credit Direct said.

vivo Nigeria said the agreement strengthens its goal to expand access in a highly competitive market.

We chose Credit Direct because they are the clear leaders in consumer financing in Nigeria, and they operate with a level of professionalism that gave us confidence. Instalment-based device purchasing was something we had explored before, but it did not come together at the time. 

“With Credit Direct’s backing and infrastructure, we are confident this will be different. This is a partnership we believe in.” Toni Liu, CEO, vivo Nigeria.

Nigeria’s smartphone financing space has been growing as device prices become more expensive for many buyers. Similar models have appeared across the industry, including initiatives linked to Transsion brands such as Tecno and Infinix, as well as Samsung Nigeria, which works with financial institutions to offer instalment payments.

Analysts say these financing options are becoming more important as mobile internet use expands. Nigeria’s digital economy was valued at about $18 billion in 2025, and access to affordable devices is seen as paramount to further growth in e-commerce, fintech, and online services.

Market observers also expect instalment-based purchases to bring millions of new users into the smartphone ecosystem over the next few years, as companies compete to reduce the upfront cost barrier.

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Apple iPhone Shipments Surge 20% in China as Smartphone Market Falls https://techeconomy.ng/apple-iphone-shipments-china-q1-2026/ https://techeconomy.ng/apple-iphone-shipments-china-q1-2026/#respond Fri, 17 Apr 2026 11:47:27 +0000 https://techeconomy.ng/?p=180005 Apple recorded a growth in iPhone shipments in China during the first quarter of 2026, even as the general smartphone market declined.

New figures from Counterpoint Research showed Apple’s shipments grew 20% year-on-year between January and March. That was the strongest performance among the country’s major phone makers.

The overall Chinese smartphone market, however, fell 4% during the same period. High memory chip prices and supply chain pressure weighed on sales across the sector.

Huawei kept its lead in the market with a 20% share after posting 2% shipment growth. Apple followed closely with 19%.

Counterpoint senior analyst Ivan Lam said Apple stood out while rivals raised prices.

As most rivals raise prices, Apple stands out for value, with Chinese consumers knowing its products last at least three years,” he said.

That view appears to be helping Apple hold demand in a market where buyers have become more careful with spending.

Huawei also benefited from strong demand across both premium and lower-priced devices. Lam said sales of models such as the Enjoy 90 series helped lift its numbers.

Several other brands lost ground.

Xiaomi’s shipments dropped 35%, pushing it down to sixth place. Lam linked the fall to a strong performance in the same period last year, when the company benefited from aggressive discounts and government subsidies.

Oppo and Honor also posted declines of 5% and 3% respectively.

Vivo was one of the few brands to grow, recording a 2% rise, helped by strong Lunar New Year sales.

With these, Counterpoint expects more pressure in the second quarter as Chinese brands keep raising prices.

Lam said Apple and Huawei may cope better than others, with Huawei likely to gain further support from demand for cheaper handsets.

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Apple’s China Sales Surge 23% Despite Smartphone Market Decline https://techeconomy.ng/apple-china-sales-2026-smartphone-market-decline/ https://techeconomy.ng/apple-china-sales-2026-smartphone-market-decline/#respond Thu, 19 Mar 2026 10:04:20 +0000 https://techeconomy.ng/?p=178124 Apple smartphone sales in China rose 23% in the first nine weeks of 2026, despite an overall 4% decline in the general market.

New data from Counterpoint Research shows that demand is still weak across China. Government subsidies introduced in January have not done much to change that, making individuals hold back on spending, and phone makers are feeling it.

Apple, however, managed to push ahead, discounts on e-commerce platforms helped, and the base model of the iPhone 17 qualified for state subsidies. That combination made its devices more attractive at a time when buyers are prudent.

There is also the question of cost, with memory chip prices surging and putting pressure on manufacturers.

While others are reacting by raising prices, Apple is taking a different route. Its control over its supply chain gives it room to absorb some of the extra cost instead of passing it on to customers.

Counterpoint explained, “Apple is unlikely to follow suit, instead absorbing part of the margin pressure and using the situation to potentially expand its market share.”

Competitors are not in the same position. OPPO and vivo have already increased prices on some existing models this month. The adjustments are not just covering costs, but are also testing how much consumers are willing to pay before new devices arrive later in the year.

Meanwhile, Huawei is leaning on domestic suppliers who tend to charge less than international chipmakers, giving Huawei some breathing space.

That advantage could help it compete more aggressively, especially in the low- and mid-range segments.

The pressure is not going away soon. Memory costs are still high, and manufacturers are being forced to choose between protecting margins, keeping prices stable, or pushing shipments.

Hence, the Chinese market is expected to stay soft through March, April and May. There may be some lift in early June when the country’s “618” shopping festival begins.

That period usually brings heavy discounts and a spike in sales, although any rebound may be temporary.

As it stands, most brands are adjusting to a tougher market, while Apple is using the moment to hold its ground in the China smartphone market, and possibly take more share, while sales grow.

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Realme Becomes OPPO Sub-Brand as BBK Electronics Restructures Smartphone Portfolio https://techeconomy.ng/realme-oppo-bbk-smartphone-restructuring/ https://techeconomy.ng/realme-oppo-bbk-smartphone-restructuring/#respond Wed, 07 Jan 2026 11:05:04 +0000 https://techeconomy.ng/?p=173767 Realme is no longer operating as a standalone smartphone brand as the Chinese smartphone maker has been integrated into OPPO as a sub-brand.

This results from a restructuring inside BBK Electronics as competition increases and growth slows across the global smartphone market.

Under the new structure, OPPO will operate as the lead brand, while Realme and OnePlus function as its official sub-brands. OPPO will be in charge of product direction and shared operations, while allowing Realme to continue targeting price-sensitive buyers and OnePlus to focus on premium smartphones.

The decision follows an internal reshuffle announced by OPPO in January 2026, aimed at cutting overlapping costs across engineering, marketing and customer support. Rather than running multiple teams in parallel, BBK is now concentrating its resources under fewer command lines as smartphone demand softens worldwide.

BBK Electronics already holds a solid position, particularly in India. Its combined brands, OPPO, Vivo, Realme, OnePlus and iQOO, controlled close to 48% of the Indian smartphone market by the second quarter of 2025, up from 46.5% in 2022. 

Globally, BBK’s portfolio ranks among the top five vendors, placing it in direct competition with Samsung and Apple.

Realme’s inclusion under OPPO is as much about margin pressure as scale. The brand has built a strong following in India and Southeast Asia and has always ranked among the top five by shipments.

In Europe, however, its low-price strategy brought volume but struggled to produce sustainable profits. Folding into OPPO allows Realme to lean on a larger supply chain and a shared research base.

Development expenses are increasing, consumers are holding on to phones longer, and manufacturers are betting heavily on foldable designs and software-led features to stand out.

The structure also reveals a playbook used before in China’s smartphone industry, where multiple brands target different income groups while sharing back-end systems. The difference now is the level of central management.

OPPO’s restructuring is a move from expansion to efficiency and this could enhance competition, further crowding out smaller operators.

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Apple Defies China Smartphone Slump with iPhone 17 Sales Growth https://techeconomy.ng/apple-iphone-17-china-smartphone-growth-q3-2025/ https://techeconomy.ng/apple-iphone-17-china-smartphone-growth-q3-2025/#respond Wed, 15 Oct 2025 10:18:18 +0000 https://techeconomy.ng/?p=169355 Apple has managed to post slight growth in its smartphone shipments in China despite a weakening market, according to data released by research firm IDC

The company shipped 10.8 million iPhones in the third quarter of 2025, up 0.6% from a year earlier, securing a 15.8% share of the Chinese smartphone market.

In the overall market, however, total smartphone shipments in China fell by 0.6% year-on-year to 68.4 million units, though the decline was less steep than the 4% drop recorded in the second quarter. This reveals a gradual recovery in the world’s largest smartphone market.

Apple ranked second during the period, behind Vivo, which led with 11.8 million shipments, a 7.8% decline compared to last year. Huawei followed closely with 10.4 million units, down 1%, while Xiaomi shipped 10 million, a 1.7% drop. Again, Apple was the only brand among the top three to record any shipment growth.

Will Wong, senior Smartphone Analyst at IDC, attributed Apple’s resilience to the success of its latest model. “Apple’s value-for-money base model iPhone 17 successfully captured value-seeking customers, helping it to achieve slight growth and a higher ranking than the previous quarter,” he said.

The strong performance of the iPhone 17 base model shows Apple’s ability to appeal to both premium and budget-conscious consumers. In a price-sensitive market where buyers are cautious with spending, Apple’s strategy of offering a more affordable variant without compromising quality has paid off.

The launch of the iPhone Air in October, following regulatory approval for SIM support, is expected to provide an additional lift to Apple’s sales in the fourth quarter. Analysts also predict an overall improvement in China’s smartphone market, driven by the release of new flagship devices and renewed consumer demand.

Globally, smartphone shipments grew 2.6% year-on-year in the third quarter, supported by strong demand for foldable and AI-powered devices. Apple’s global shipments reached 58.6 million units, representing 18.2% of the worldwide market, bolstered by record iPhone 17 pre-orders.

Apple is steadily gaining back its ground in China, despite economic challenges and fierce competition, revealing the company’s ability to adapt its product strategy and maintain strong consumer loyalty in one of its most important markets, thereby improving smartphone shipment.

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Foreign Smartphone Sales Drop 9.7% in May as Apple’s Market Share Shrinks to 8% in China https://techeconomy.ng/foreign-smartphone-sales-drop-in-may/ https://techeconomy.ng/foreign-smartphone-sales-drop-in-may/#respond Fri, 04 Jul 2025 10:37:18 +0000 https://techeconomy.ng/?p=162398 Foreign-branded smartphone sales, including Apple’s, dropped 9.7% year-on-year in May 2025, with just 4.54 million units shipped. 

The latest data from the China Academy of Information and Communications Technology (CAICT) also revealed that total mobile phone shipments in the country declined by a much steeper 21.8%, due to reduced demand.

Although Apple is still China’s biggest foreign smartphone brand, its grip on the market is loosening. In March, the company’s shipments plunged nearly 50% year-on-year to 1.89 million units. Its market share is now just 8%. 

Chinese brands like Huawei, Xiaomi, Oppo, and Vivo have overtaken it, not only in volume but in relevance.

The reason is not hard to find. Domestic competitors are offering devices with cutting-edge AI features, lightning-fast charging, innovative foldable designs, and more affordable price tags. 

Meanwhile, Apple has struggled to roll out its own AI-powered tools in China due to regulatory restrictions. 

That delay has cost it precious momentum, especially against Huawei’s Mate and Nova Series, which come fully loaded with AI capabilities tailored for the Chinese market.

To slow the loss, Apple has resorted to aggressive price cuts. During May’s “618” mid-year shopping festival, the company slashed up to 2,530 yuan ($351) off the iPhone 16 Pro (128GB), bringing its price down to 5,469 yuan on JD.com. 

This discount placed some iPhones under the 6,000 yuan threshold, making them eligible for a government subsidy of up to 500 yuan.

This government subsidy, part of China’s nationwide smartphone upgrade programme launched in early 2025, briefly helped Apple’s sales during the first quarter. But by May, the boost had worn off. 

Many consumers are choosing to delay upgrades altogether, instead holding on to their devices for longer periods, yet another blow to Apple’s quarterly outlook.

The signs are all too familiar; a saturated market, longer device lifecycles, and rising nationalist preferences for homegrown tech brands. In a country that now leads in foldable phones and smartphone-integrated AI, Apple’s once-sleek reputation is no longer enough.

CAICT has not disclosed brand-specific figures, but there’s little ambiguity about the trend. Apple is losing ground, and fast. Discounts may win short-term sales, but they won’t fix the core issue, Apple is no longer ahead of the curve in China.

As we move into the second half of 2025, we wonder if Apple can adapt to local demands faster than rivals can out-innovate it. Can it navigate China’s regulatory space while keeping its global brand consistent? And more pressingly; will it remain a major company in what was once its second-largest market?

The numbers show the answer is not guaranteed.

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Huawei’s 42% Surge Overtakes Apple’s 0.3% Dip in China’s Smartphone Market https://techeconomy.ng/huawei-42-surge-overtakes-apple-0-3-dip-in-chinas-smartphone-market/ https://techeconomy.ng/huawei-42-surge-overtakes-apple-0-3-dip-in-chinas-smartphone-market/#comments Fri, 25 Oct 2024 12:54:40 +0000 https://techeconomy.ng/?p=146333 In Q3 2024, Apple faced a slight 0.3% decline in iPhone sales in China, as competition from Huawei, which achieved a 42% growth during the same period, surged.

Data from the International Data Corporation (IDC) reveals Apple maintained its standing as the second-largest smartphone vendor in China, holding a 15.6% market share despite a year-on-year dip of 0.5 percentage points. 

Meanwhile, Huawei, climbing to third place with 15.3%, saw a market share increase of 4.2 percentage points.

Vivo emerged as the leading smartphone brand, capturing an 18.6% share, largely due to its affordable models that continue to align with the demands of the Chinese market. 

Huawei’s resurgence in the premium smartphone segment, especially with its Mate 60 series powered by an advanced domestic chip, has further intensified competition with Apple, particularly in the high-end category. The release of Huawei’s Pura 70 model earlier in the year has added to its competitive edge.

Apple’s market performance in China has been hindered by a series of obstacles, including restrictions on iPhone use within certain government departments. 

In response, Apple introduced several discount campaigns to stimulate sales, which were further bolstered by the launch of its latest iPhone 16 on 20 September. 

The iPhone 16 launch day coincided with Huawei’s release of a tri-foldable phone, accentuating the rivalry between the two tech giants.

Sales of the iPhone 16 showed promise, with a 20% increase in the first three weeks compared to the 2023 model, according to data from Counterpoint Research. 

The success of the new model has helped Apple maintain its place among China’s top five smartphone brands, and market projections disclose that demand may continue to rise as promotional efforts intensify and the Apple Vision Pro is anticipated to drive further interest.

China’s smartphone market grew by 3.2% in Q3 2024, with total sales reaching 68.78 million units. Despite the growth, Apple is challenged in China as local brands, led by Huawei and Vivo, continue to expand their influence in the world’s largest smartphone market.

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Chinese Smartphones Could Surpass Samsung, Apple in Market Share, Production Volume in Near Future https://techeconomy.ng/chinese-smartphones-could-surpass-samsung-apple-in-market-share-production-volume-in-near-future/ https://techeconomy.ng/chinese-smartphones-could-surpass-samsung-apple-in-market-share-production-volume-in-near-future/#comments Thu, 15 Aug 2024 11:54:05 +0000 https://techeconomy.ng/?p=140034 In 2024, Chinese smartphone manufacturers are rapidly closing the gap with Samsung and Apple in terms of market share and production volume. 

According to recent data from IDC and Statista, Chinese brands like Xiaomi, Oppo, and Vivo have increased their global shipments, contributing to a 6.5% growth in the worldwide smartphones market in Q2 2024. These brands are now among the top five globally, challenging the top-positioned Samsung and Apple.

This is a result of combined innovation, affordability, and aggressive market strategies. For instance, the introduction of generative AI-powered smartphones by these Chinese brands has gotten consumer interest, enabling them to capture a larger share of the market. 

Xiaomi, in particular, has seen a commendable rise, now producing nearly as many smartphones as the industry giants, Samsung and Apple. Meanwhile, Oppo and Vivo are also expanding their presence, especially in emerging markets where affordability is key.

Samsung Retains Top Spot in 2Q24 Global Smartphone Shipments, Edging Out Apple

Another important improvement of these AI-driven devices is advanced features such as enhanced camera quality, improved battery life, and seamless user experiences, which have set them apart from their competitors.

In addition to technological advancements, Chinese brands have also been strategic in their market expansion moves. They have focused on building strong distribution networks and establishing a presence in key markets around the world. This has allowed them to increase their production volumes and also reach a wider audience

Oppo and Vivo, in particular, have made great inroads into markets in Asia, Africa, and Europe. Their success in these regions can be attributed to the ability to offer high-quality devices at lower price points, making them accessible to a wider range of consumers. 

The competition among smartphone manufacturers is expected to increase in the coming years, with Chinese brands continuing to catch up with Samsung and Apple. 

If the current trends continue, it is likely that Xiaomi, Oppo, and Vivo could surpass Samsung and Apple in both market share and production volume in the near future.

This will ultimately bring increased brand competition for market share that can bolster innovation, better quality devices, and more competitive pricing for consumers. 

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Samsung Retains Top Spot in 2Q24 Global Smartphone Shipments, Edging Out Apple https://techeconomy.ng/samsung-retains-top-spot-in-2q24-global-smartphone-shipments-edging-out-apple/ https://techeconomy.ng/samsung-retains-top-spot-in-2q24-global-smartphone-shipments-edging-out-apple/#comments Tue, 16 Jul 2024 09:50:20 +0000 https://techeconomy.ng/?p=136898 Samsung continues to lead in the global smartphone market, securing the top position in the second quarter of 2024 (2Q24) with an 18.9% share of shipments. 

According to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, this is attributed to Samsung’s emphasis on its flagship models and a strong AI strategy.

Despite challenging demand in many markets, global smartphone shipments increased by 6.5% year over year, totalling 285.4 million units in 2Q24, the fourth consecutive quarter of growth.

While recovery is well underway with the top 5 companies all making year-over-year gains, we are seeing increasing competition amongst the leaders and a polarisation of price bands,” said Nabila Popal, senior research director with IDC’s Worldwide Tracker team.

Apple, although trailing Samsung, secured the second spot with a 15.8% market share, showing improved performance in key regions such as China.

Xiaomi held the third position with a 14.8% market share, while vivo and OPPO were nearly tied for the fourth position with 9.1% and 9.0% market shares respectively.

Notably, Xiaomi and vivo saw double-digit growth driven by strong performances in emerging markets and China, whereas OPPO’s growth was bolstered by its continued expansion outside China.

The growth in 2Q24 continued to provide some relief to the OEMs, though it’s partly supported by a low comparison base and the overall recovery is still at a soft pace,” said Will Wong, senior research manager for Client Devices at IDC Asia/Pacific.

He added that some OEMs took less aggressive moves due to BOM costs pressure, focusing on refining product specs or pricing to maintain profitability.

Wong also noted that the second quarter is a prelude to the anticipated launch of more Gen AI smartphones in the latter half of the year, which are expected to drive significant growth following the 5G and foldable smartphone innovations.

In 2Q24, Samsung shipped 53.9 million units, capturing 18.9% of the market, a slight increase from 53.5 million units and 20.0% share in 2Q23.

Apple shipped 45.2 million units, holding a 15.8% market share, up from 44.5 million units and 16.6% share in the previous year.

Xiaomi shipped 42.3 million units, securing a 14.8% share, up from 33.2 million units and a 12.4% share in 2Q23, a commendable 27.4% growth.

Vivo, with shipments of 25.9 million units and a 9.1% share, saw a 21.9% increase from 21.3 million units and a 7.9% share. OPPO shipped 25.8 million units, achieving a 9.0% share, up slightly from 25.4 million units and a 9.5% share, with a modest 1.8% growth.

The category of “Others” accounted for 92.1 million units, representing a 32.3% market share, up from 90.1 million units and a 33.6% share, reflecting a 2.3% growth.

The smartphone market has seen heightened competition in the second half of the year, with leading OEMs and the anticipated surge in Gen AI smartphone shipments.

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