Nokia Oyj aims to regain the top position in the NT$40 billion (US$1.25 billion) Taiwanese market next year by rolling out more models and strengthening partnerships with local telecoms operators, an executive said in Taipei yesterday. \nThis is seen as part of the Finnish mobile phone vendor's broader plans to recoup lost ground around the world, analysts said. \n"Our goal for next year is to regain Nokia's top position [in Taiwan] ? We want to do more integration with operators," Loren Shuster, manager of Nokia Tai-wan, told reporters yesterday. \nThird-generation (3G) handsets will be one of the key factors in boosting Nokia's cellphone sales next year after Taiwan's mobile phone operators open the high-speed mobile service in or around the second quarter, Shuster said. \nIn an operator-driven market like Taiwan's, low-priced models will be another factor boosting sales, as these models are popular among operators when offering premium handsets for new subscribers, Shuster said. \nNokia, which ranks second after Motorola Inc in Taiwan, plans to unveil as many as 40 handsets in a full range in the Taiwanese market next year, she said. \nThis will be twice the number of handsets Nokia launched in Taiwan this year. \nThe company has pitched 12 models in the local market this year, and it is expected to unveil three or four more next month, including the fashion-styled 7280, which resembles a tube of lipstick. \n"It won't be easy for Nokia to catch up, as it still lags behind Motorola by 5 percent in terms of market share," said Marty Kung (龔俊光), an analyst with Market Intelligence Center (MIC, 市場情報中心). \nTo overtake its US rival, Nokia has to capture a market share of at least 20 percent, Kung said. \n"The arrival of the 3G era may be a chance for Nokia to win back market share," he said. \nKung added that Nokia was right about cementing cooperation with operators, because service providers would rely heavily on their suppliers to make phones tailored to certain special services or functions. \nBut Motorola can do just as good a job as the Stockholm-based phone maker, he said. \nStaunch support from users is Nokia's main advantage in the neck-to-neck race in the 3G market, despite the drawback of smaller screens found in most of its existing models, Kung said. \nHe predicted that Taiwan's cellphone sales will remain almost flat at around 6.6 million units next year, slightly up from his estimate of 6.5 million for this year, as the market is reaching saturation.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion