Samsung’s recent success in the smartphone market with devices like the Galaxy S II, the Galaxy S III, and the Galaxy Note family have helped the company grab market share by the bucketload, and with that comes heaps of cash.
The Korean electronic giant now has almost $40 billion in cash and cash reserves, which, after taking away its debt, equals 31.2 trillion won ($28.5 billion) in cash stockpiled for a rainy day.
There’s no doubt that the iPhone is one of the most popular pieces of technology ever invented. The rush of people lining up for hours just to buy one usually causes competing carriers to trip all over themselves for the opportunity to sell the iPhone, except recently the list of carriers clamoring for the iPhone has slowly dwindled to just a few prospects.
Despite its successes, Apple is missing out on the chance to sell the iPhone to as many as 2.8 billion new smartphone customers, and according to some experts, the only thing that’s stopping them is Apple’s own rules.
Tim Cook suggested during Apple’s earnings call earlier this week that the Cupertino company wouldn’t be announcing any new products until later this year. So it’s no surprise to see that analysts from Citigroup are now reporting that the iPhone 5S will be available in early September, alongside a new low-cost iPhone for emerging markets.
Samsung smartphones outsold those from rivals Apple, Nokia, and Lenovo in China throughout 2012, allowing the Korean company to claim the biggest share of the Chinese smartphone market, according to the latest report from Strategy Analytics.
Nokia had claimed the top spot in 2011, but the Finnish firm has struggled to compete with Samsung’s Galaxy devices this time around, and couldn’t even make its way into the top five.
Apple could launch its $330 “iPhone mini” as early as this summer to boost the company’s smartphone sales in China, according to Morgan Stanley analyst Katy Huberty. It’s expected the low-cost device could provide Apple with an additional 20% of the smartphone market, adding to the 10% it has already claimed with the iPhone 5. And with smartphone prices now beginning to stabilize in China, now would be an ideal time for such a device.
Apple’s fifth-generation iPad is expected to finally ditch the existing design and adopt a new form factor that’s said to be much like the iPad mini’s, according to a new report that has surfaced today. A physical model of the device indicates it will be significantly smaller in almost every way, with virtually no bezel down the sides of the display.
As for the iPhone 5S, that’s expected to be very similar to the iPhone 5 — as you may have guessed; while Apple’s new low-cost iPhone, which will reportedly launch some time this year, will be built with China Mobile’s 700 million customers in mind.
Tim Cook is on his second visit to China as Apple CEO this week, and during an interview with local reporters on Thursday, he confirmed that the cellular version of the iPad mini will be arriving in the nation in late January. The Wi-Fi only model arriving in China on December 7, just over a month after it launched in the United States.
Digitimes has today published one of its more questionable rumors regarding Apple’s upcoming low-cost iPhone. Citing sources in the Cupertino company’s supply chain, it claims the cheaper device — believed to be called the “iPhone mini” by one analyst — will make its debut later this year, aimed at China and other emerging markets.
But it won’t be smaller to cut costs. Instead it’ll boast a larger screen to meet the “prevailing trend for the adoption of 5-inch displays.”
Tim Cook has kicked off 2013 with a second visit to China. The Apple CEO met with Miao Wei, head of the Ministry of Industry and Information Technology, to discuss the development of China’s information technology industry, mobile communications, and Apple’s expansion in China.
The Cupertino company has doubled its number of retail outlets in the nation, and its iOS devices are becoming increasingly popular there. Cook’s last visit to China came in March 2010 before he pledged “greater investment” in the world’s largest market for consumer technology.
Android’s market share continues to grow throughout the world, but one country where Google’s platform is having its biggest impact is in China. It’s now the largest single Android market in the world, with one third of all Android devices sold there during 2012. The iPhone, on the other hand, is struggling there.