Sony Corp yesterday expressed optimism that with the emergence of 5G technology, shipments of its flagship smartphone models would make up 23 percent of the nations’ Android smartphone market this year.
Sony Mobile Taiwan president Jonathan Lin (林志遠) told reporters that the Japanese brand is preparing for the upcoming replacement demand that would accompany the roll out of 5G technology.
Sony’s flagship 5G smartphones, starting at NT$20,000 (US$668), are to be released in Taiwan in first half of this year, Lin said.
Smartphones costing NT$20,000 or more account for 60 percent of the company’s sales in Taiwan and that ratio is expected to increase to 70 percent with the release of its high-end 5G models this year, he said.
“Sony’s goal is to boost the market share of its flagship smartphone models in Taiwan and we are confident of an increase from 15 percent in 2019 to 23 percent this year,” he said.
Sony, with a 15 percent market share, is second only to South Korea’s Samsung Electronics Co in the nation’s high-end Android smartphone market.
Sony is expected to unveil its 5G smartphone models next month at the Mobile World Congress in Barcelona, Spain, and they are to be released in Taiwan in the second quarter of the year, according to local media reports.
Sony is also planning to release mid-range 5G models in Taiwan later this year, and to introduce competitive hardware that would allow new video and audio experiences, attracting more customers, Lin said.
However, while Sony is upbeat about Taiwan’s 5G market, it recognizes that telecoms face the challenge of consumers being deterred by the higher subscription fees for 5G services, he said.
The government’s 5G spectrum auction, which started last month, is still in progress, with fierce competition between the nation’s major telecoms.
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