Samsung Electronics Co yesterday said it would remain the top vendor for mid-range and entry-level smartphones in Taiwan this year as the market segment continues to grow.
Sales of mid-range and entry-level smartphones, which refer to models priced at under NT$11,000 (US$373), accounted for 33 percent of the nation’s total smartphone sales as of February, according to a survey by Samsung.
However, the ratio is expected to rise to 40 percent by the end of this year, while the ratio of high-end models priced at more than NT$15,000 will drop from 57 percent to 50 percent, the company said.
“We expect more young consumers to switch from feature phones to smartphones, and they may want to spend less money to buy a smartphone,” said Andy Tu (杜偉昱), general manager of the Samsung Taiwan’s mobile communications team.
Samsung became the top vendor of mid-range and entry-level smartphones in Taiwan last year, and the company will hold onto that place this year, he said at a press conference to launch the Samsung Galaxy Ace Plus, a mid-range Android phone
Priced at NT$9,500, the 3.7-inch model runs on a 1 GHz processor and Google Inc’s Android 2.3 software.
Samsung plans to roll out five to six more mid-range and entry-level smartphones this year to boost its sales of such products in Taiwan, Tu said
Smartphone shipments in -Taiwan grew substantially last year — by 18.2 percent to 1.33 million units in the fourth quarter, accounting for 61.8 percent of total mobile phones sold compared with 58.6 percent in the third quarter, research firm International Data Corp (IDC) said.
Google’s Android operating system, which runs on smartphones made by Samsung, HTC Corp (宏達電) and Motorola Mobility Holdings Inc, remained the biggest mobile platform in Taiwan with a 75.5 percent market share, IDC said.
DIVIDED VIEWS: Although the Fed agreed on holding rates steady, some officials see no rate cuts for this year, while 10 policymakers foresee two or more cuts There are a lot of unknowns about the outlook for the economy and interest rates, but US Federal Reserve Chair Jerome Powell signaled at least one thing seems certain: Higher prices are coming. Fed policymakers voted unanimously to hold interest rates steady at a range of 4.25 percent to 4.50 percent for a fourth straight meeting on Wednesday, as they await clarity on whether tariffs would leave a one-time or more lasting mark on inflation. Powell said it is still unclear how much of the bill would fall on the shoulders of consumers, but he expects to learn more about tariffs
NOT JUSTIFIED: The bank’s governor said there would only be a rate cut if inflation falls below 1.5% and economic conditions deteriorate, which have not been detected The central bank yesterday kept its key interest rates unchanged for a fifth consecutive quarter, aligning with market expectations, while slightly lowering its inflation outlook amid signs of cooling price pressures. The move came after the US Federal Reserve held rates steady overnight, despite pressure from US President Donald Trump to cut borrowing costs. Central bank board members unanimously voted to maintain the discount rate at 2 percent, the secured loan rate at 2.375 percent and the overnight lending rate at 4.25 percent. “We consider the policy decision appropriate, although it suggests tightening leaning after factoring in slackening inflation and stable GDP growth,”
Greek tourism student Katerina quit within a month of starting work at a five-star hotel in Halkidiki, one of the country’s top destinations, because she said conditions were so dire. Beyond the bad pay, the 22-year-old said that her working and living conditions were “miserable and unacceptable.” Millions holiday in Greece every year, but its vital tourism industry is finding it harder and harder to recruit Greeks to look after them. “I was asked to work in any department of the hotel where there was a need, from service to cleaning,” said Katerina, a tourism and marketing student, who would
Meta Platforms Inc offered US$100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker’s talent and strengthen its own generative artificial intelligence (AI) teams, OpenAI CEO Sam Altman has said. Facebook’s parent company — a competitor of OpenAI — also offered “giant” annual salaries exceeding US$100 million to OpenAI staffers, Altman said in an interview on the Uncapped with Jack Altman podcast released on Tuesday. “It is crazy,” Sam Altman told his brother Jack in the interview. “I’m really happy that at least so far none of our best people have decided to take them