In response to the rising spending power of young people, Samsung Electronics Co launched a series of hip digital music players yesterday, aiming to strengthen its local share.
"This new series is a low-end model, which will enable us to grab more share in the local market and boost our unit shipments," said Annie Huang (
Sales of digital music players in Taiwan would total 1.2 million units this year, including those that support Mpeg-4 video format, market researcher GfK Marketing Services estimated.
PHOTO: CNA
The figure represents a 4 percent increase from last year, it said.
For the first four months, there were a total of 386,000 music players sold in Taiwan, with video-supported models representing 149,000 units, GfK figures showed.
In April, Transcend Information Inc (創見), a Taiwanese maker of memory modules and USBs, unseated Apple Inc's iPods for the first time to take the No. 1 spot with a line of affordably priced lower-end models.
Transcend garnered 13 percent of unit share. iPods took a 12 percent share and Samsung came in third with a 7 percent share, according to GfK tallies.
Samsung is confident it will secure the second brand in the local digital music player market this year, with a 15 percent market share and sales of 120,000 units, Lee Chul-young, president of its Taiwan branch, said in April.
Last year, it had a 9 percent share with 70,000 units sold, Lee said.
The new "U3" MP3 series boasts five choices of colors, with built-in universal-serial-bus (USB) plugs and a clip to attach the player to clothing, so they are a good gadget for teenagers during these happy summer holidays, she told reporters at a product launch yesterday.
They come with price tags of NT$2,290 (US$70) to NT$4,290, depending on size of the storage.
State-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday signed a letter of intent with Alaska Gasline Development Corp (AGDC), expressing an interest to buy liquefied natural gas (LNG) and invest in the latter’s Alaska LNG project, the Ministry of Economic Affairs said in a statement. Under the agreement, CPC is to participate in the project’s upstream gas investment to secure stable energy resources for Taiwan, the ministry said. The Alaska LNG project is jointly promoted by AGDC and major developer Glenfarne Group LLC, as Alaska plans to export up to 20 million tonnes of LNG annually from 2031. It involves constructing an 1,290km
‘MAKE OR BREAK’: Nvidia shares remain down more than 9 percent, but investors are hoping CEO Jensen Huang’s speech can stave off fears that the sales boom is peaking Shares in Nvidia Corp’s Taiwanese suppliers mostly closed higher yesterday on hopes that the US artificial intelligence (AI) chip designer would showcase next-generation technologies at its annual AI conference slated to open later in the day. The GPU Technology Conference (GTC) in California is to feature developers, engineers, researchers, inventors and information technology professionals, and would focus on AI, computer graphics, data science, machine learning and autonomous machines. The event comes at a make-or-break moment for the firm, as it heads into the next few quarters, with Nvidia CEO Jensen Huang’s (黃仁勳) keynote speech today seen as having the ability to
NEXT GENERATION: The company also showcased automated machines, including a nursing robot called Nurabot, which is to enter service at a Taichung hospital this year Hon Hai Precision Industry Co (鴻海精密) expects server revenue to exceed its iPhone revenue within two years, with the possibility of achieving this goal as early as this year, chairman Young Liu (劉揚偉) said on Tuesday at Nvidia Corp’s annual technology conference in San Jose, California. AI would be the primary focus this year for the company, also known as Foxconn Technology Group (富士康科技集團), as rapidly advancing AI applications are driving up demand for AI servers, Liu said. The production and shipment of Nvidia’s GB200 chips and the anticipated launch of GB300 chips in the second half of the year would propel
WAIT-AND-SEE: Last month’s consumer price index came in at 2.8%, which boosts expectations that the Fed would proceed cautiously to lower inflation sustainably The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting this week, treading carefully amid uncertainty over US President Donald Trump’s economic policies, which include spending cuts and sweeping tariffs. Since January, Trump has imposed levies on major trading partners Canada, Mexico and China, and on steel and aluminum imports, roiling financial markets and fanning fears that his plans could tip the world’s biggest economy into a recession. The Trump administration has also embarked on unprecedented cost-cutting efforts that target staff and spending, while the US president has promised tax reductions and deregulation down the road. However,