Xiaomi expects China phone sales to peak at 500M; rules out IPO

first_imgHome Xiaomi expects China phone sales to peak at 500M; rules out IPO Related Previous ArticleCisco, Ericsson closed 17 transactions in Q3 but want more speedNext ArticleApple launches accelerator programme for Indian developers Strategy AnalyticsXiaomi Xiaomi off the hook in the US Kavit Majithia Author Tags center_img AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 19 MAY 2016 Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more US backs down on Xiaomi row Devices Handset maker Xiaomi believes smartphone sales in China will peak at approximately 500 million units annually, with growth continuing to mature in the market, reports Bloomberg.Smartphone shipments in the country reached a record 438 million units last year, according to Strategy Analytics, but recent figures indicate growth is beginning to cool.The research company claimed shipments fell 5 per cent in Q1 this year, from a year ago, to 104.9 million units, with increasing market saturation and a slowing domestic economy curbing demand.Xiaomi, which has seen several years of growth by adopting a model of selling budget smartphones directly to consumers, is now facing tough competition in mid-tier segments from larger rivals Huawei and Samsung, with domestic market share falling to 12.2 per cent from 12.8 per cent in Q1 this year.Speaking to Bloomberg Television, CFO Shou Zi Chew said “the natural ceiling for the market is about 500 million phones”.Notably, the company also missed its target of selling 100 million devices globally in 2015.No IPO plans Chew also reiterated comments from the company’s CEO Lei Jun in playing down talk of an IPO, stating that the company doesn’t need to raise money.He reportedly cited volatility caused by the US election and China’s transitioning economy as further reasons to avoid going down this route.“In today’s environment, it is probably not the best time, coupled with the fact that we honestly have no need to come to the market to raise any money,” he said. Xiaomi smartphone surge bears fruitslast_img read more

News / Air cargo market: a slightly depressed March, but April will be ‘interesting’

first_imgDynamic load factors were 73% in March, up seven percentage points from March 2019.“March data shows us the market is still very supply driven,” explained Niall van de Wouw, managing director of Clive.“After indicators that the global air cargo market was seeing some ‘light at the end of the tunnel’ in January and February after a year of such high disruption, this latest industry data will reign in that optimism slightly.“This may reflect Covid-19 fatigue in the buying habits of businesses and consumers as we see more reports of infection rates creeping up again in many countries, fears of a possible third wave of the virus, more lockdowns and curfews, and concerns over both the supply and effectiveness of vaccines.“Flights are very full from a cargo point of view, but with no recovery in the passenger market, airline intercontinental operations are still mainly cargo-driven and they need higher rates to make these operations financially viable.”Clive recorded 90% load factors on transatlantic westbound for the last two weeks of March, and some 80% eastbound, pushing rates up. On China-Europe, volumes were 7% higher than in the second week of March 2019, but fell to 6% and 4% in the following weeks. But westbound flights had a dynamic load factor of 93%.Forwarders in the UK have recently complained of a dearth of capacity, and high prices. The UK is importing millions of Covid-test kits, while carriers such as IAG have also seen high volumes of hi-tech coming into the country. But it appears the export market is also attracting high rates: the TAC Index pointed to a rate increase from Heathrow to North America of 8%, or £0.28 in March against February. The highest price in March – £4.04 – was a 45% increase over March 2020, while versus 2019, it is a 400% increase.But, said Robert Frei, business development director for the TAC Index, despite these headline numbers on certain trades, in fact, the market is far less volatile than it was.“Pricing in March and February did not show big volatility month-over-month and, also, the intra-month volatility was not as big as in previous periods.“Whether this can now be viewed as a relatively stable situation on a much higher level than in 2019 remains to be seen. It is definitely interesting to note that pricing on all lanes discussed here are higher than at the end of March 2020 when the PPE impact kicked in.”April’s figures will be interesting: some airlines are claiming to be fully booked for the whole month, and are expecting to be full for May too, with Covid-related products, ecommerce, and hi-tech, while retailers are also looking to replenish stocks. Any spare capacity is likely to be snapped up by shippers desperate to avoid the chaos and delays in ocean freight caused by the Suez blockage – which could add a streak of volatility back into the market. By Alex Lennane 31/03/2021 © Volodymyr Maksymchukcenter_img Air freight volumes were slightly depressed in March, but anecdotally carriers are expecting a strong April – and that’s before any movement of distressed ocean freight.The latest data from Clive Data Services shows that volumes in March 2021 were 3% lower than demand in March 2019 – but 29% higher than the outlier month of March 2020, the beginning of the pandemic.However, a shortfall of 14% of capacity compared with 2019 points to “relentlessly” high rates and load factors now.Clive noted that volumes were down some 4% versus 2019 by the end of the month, as demand worsened, following a slight recovery in January and February.last_img read more

Is It Time to Buy Up the Classic Epcot Merch?

first_imgShare This!Big changes are coming to Epcot, with some elements of the redesign starting as early as this weekend (goodbye Club Cool).Following the transformation, Epcot will be getting a new logo and while it was not announced at last month’s D23 Expo, there are strong indications that a 12th country will be added to the World Showcase. Given that things are such flux, if you’re a fan of the current Epcot merchandise mix, it may be time to start scooping it up.We don’t have an exact timeline of when all the changes will happen, but just in case … here are some of the designs that may not be available in the not-too-distant future, either because the logo will be different, the represented flags will be different, or the there will be an influx of new product to rep the the new park themeing. Are these items on your buy list? Do you think they’ll be on Derek’s buy list at the outlets?last_img read more

Lonzo Ball says ongoing shooting issues ‘just in my head’

first_img“I’m just trying to work on balance. That’s what (coach) Luke (Walton) and Magic (Johnson) have been telling me,” Ball said. “That’s the problem right now. Just balance.”His ability to distribute the ball hasn’t tailed off, at least. He had six assists Wednesday and has 22 over the last three games.Los Angeles continues its four-game trip Thursday night at Washington.ADVERTISEMENT The Lakers rookie had nine points in a 107-96 loss to Boston on Wednesday night, shooting just 4 of 15 from the field and 1 of 5 from the 3-point line. He entered the night shooting 29.9 percent from the floor in his first 10 NBA games, including 23 percent over his previous three contests.This after he hit 55 percent from the field and 41 percent from 3-point range in his lone season at UCLA. Ball said he hasn’t changed much from his approach in college.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games opening“It’s a long season. Just have to stay positive and keep putting in work,” Ball said. “It’s going to show for itself. Obviously, right now I’m not making no shots. But I’m going to keep shooting.”Ball said the Lakers haven’t suggested tweaking his funky shooting mechanics, which include pushing the ball with his right hand from next to his left ear. Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ The Fatted Calf and Ayutthaya: New restos worth the drive to Tagaytay Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games View comments LATEST STORIES Curry, Thompson find their touch as Warriors beat T-Wolves MRT 7 on track for partial opening in 2021 After 30 years, Johnlu Koa still doing ‘hard-to-make’ quality breadscenter_img Hotel says PH coach apologized for ‘kikiam for breakfast’ claim ‘A complete lie:’ Drilon refutes ‘blabbermouth’ Salo’s claims MOST READ Palace: Robredo back to ‘groping with a blind vision’ Lonzo Ball of the Los Angeles Lakers looks on before the game against the Boston Celtics at TD Garden on November 8, 2017 in Boston, Massachusetts. Tim Bradbury/Getty Images/AFPBOSTON — Lonzo Ball is in a shooting slump, and he thinks he knows where the problem is.“It’s just in my head to be honest,” Ball said. “I know I can shoot the ball.”ADVERTISEMENT Malditas save PH from shutout Don’t miss out on the latest news and information. Sports Related Videospowered by AdSparcRead Nextlast_img read more

ISL 2014: Mumbai City FC play out goalless draw against FC Goa

first_imgMumbai City FC and FC Goa played out an action-packed goalless draw in the Indian Super League clash after both the teams failed to score on many occasions at the DY Patil Stadium here on Monday.The two teams had also been locked in a goalless stalemate in the first-leg encounter in Goa on November 9. The drawn game kept Mumbai in fifth spot in the table with 12 points while the visitors too remained in seventh spot with 9 points, two better than bottom-placed Delhi Dynamos.Incidentally this was also Mumbai’s third successive goalless draw in the league. In a fast-paced opening half, Mumbai dominated play through the major portion of the first half with French ace Anelka spelling constant danger up front after some lovely work in midfield by two other foreigners in the team – Brazilian Andre Moritz and Czech Jan Stohanzl.But they lacked sufficient support from the likes of Subash Singh, who wasted a few gilt-edged chances, and Lalrindika Ralte. Goa came into the picture late in the second half after an initial foray. The latter half saw both teams having an almost equal share of exchanges.The opening salvo was fired in the fourth minute by the visiting team when Mandar Dessai shot over the crosspiece from the left after using Brazilian midfield mate Andre Santos to run into the penalty box.But thereafter the Goa team’s players were left chasing their rivals. In the sixth minute Anelka volleyed the ball over on the run after outrunning his marker and compatriot Gregory Arnolin. Six minutes later the home team got its first corner award which went waste as Czech defender Pavel Cmovs left footed on the turn wide of the post.advertisementA dangerous run from their own half by Stohanzl after outsprinting three rival players also went fruitless in the 18th minute as his minus pass from the byline found no takers.Soon afterwards Subash Singh blasted wide a shot after being fed superbly by Moritz.Goa’s Gabriel Fernandes tried a shot from outside the penalty area which almost beat Subrata Paul under the Mumbai bar before the India goaltender, who has kept a clean record in the last four games, dived to his right at the last minute and tipped the ball wide of the post.Four minutes from half time came the best chance of the session. Ralte was let free by his rival marker off a superb, defense-splitting through pass by Moritz, but the Indian player’s left-footed shot did not carry enough punch or angle to beat rival custodian Jan Seda who dived and blocked the ball with his body.Just before this Goa had two shots at the goal through Frenchman Younness Bengelloun, scorer of a brace of goals against Delhi Dynamos before this game, and Australian Tolgay Ozbey, which tested Subrata Paul.Mumbai brought in fit-again Moritz for Tiago Ribeiro in their starting eleven while Goa replaced Peter Carvalho with Gabriel Fernandes. After the change of ends, skipper Roberto Pires started asserting himself and the Goa attack gathered pace.Off one such move Pires passed to an unmarked Ozbey on the right of the box. But before he could connect Mumbai defender Peter Costa foiled him.Then Mumbai started to hold sway for a while. Anelka’s weighty, floated pass from the right flank was headed over the bar by Moritz. Soon after, Mumbai replaced the disappointing Subash with Nadong Bhutia while their rivals brought in Afghan Haroon Fakhruddin for Frenchman Pires. Later Goa substituted Gabriel Fernandes with Romeo Fernandes.The game started to get rough with Mumbai’s Pavel and Goa’s Gregory being booked by referee MB Santosh Kumar for deliberate foulsWith seven minutes left in the game, the impressive Moritz ? scorer of a hat-trick on his debut game at this venue against Pune almost broke the deadlock with a pile-driver of a left-footed try which shook the cross bar and rebounded into play.At the other end it was the turn of Goa’s Ozbey to strike the woodwork as his left-footed shot from just outside the box hit the right post and came back into play. Later Paul had to dive and prevent a close-range shot from substitute Romeo Fernandes.last_img read more