Samsung Electronics Co is set to maintain its lead in the local smartphone market this year thanks to sales of mid-range and entry-level models, a company executive said yesterday.
Andy Tu (杜偉昱), general manager of the Samsung Taiwan mobile communication team, said the company has been the largest smartphone vendor in Taiwan since May last year, with a market share of more than 30 percent.
“We hope to maintain the No. 1 place this year,” Tu said at a news conference to launch the Samsung Galaxy S III mini phone, a smaller and cheaper version of the South Korean firm’s flagship Galaxy S III.
Mid-range and entry-level smartphones accounted for about 20 percent of total local smartphone sales last year, and the ratio is expected to rise this year as more consumers shift from feature phones to smartphones, he said.
Samsung, which launched three to four mid and low-end smartphones in the country last year, will adjust its product strategy in this category this year based on market demand, he added.
Mid-range smartphones are those priced at between NT$10,000 and NT$15,000, while entry-level smartphones typically sell at under NT$9,000.
Tu said Samsung became the largest tablet computer vendor in Taiwan in the second half of last year because of new product launches.
He said that tablet sales in the country reached about 100,000 units per month, and the numbers may increase significantly this year.
Last month, the International Data Corp forecast that Taiwan’s smartphone and tablet shipments for this year are likely to grow by 13 percent and 44 percent respectively, thanks to the launch of new products and technologies.
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
i Gasoline and diesel prices at fuel stations are this week to rise NT$0.1 per liter, as tensions in the Middle East pushed crude oil prices higher last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices last week rose for the third consecutive week due to an escalating conflict between Israel and Iran, as the market is concerned that the situation in the Middle East might affect crude oil supply, CPC and Formosa said in separate statements. Front-month Brent crude oil futures — the international oil benchmark — rose 3.75 percent to settle at US$77.01