0
Wireless

Xiaomi CEO sees China smartphone market peaking

Thursday 19 May 2016 | 09:30 CET | News
Xiaomi expects the smartphone market in China to peak at about 500 million units annually, as growth matures in the world's largest market. "The natural ceiling for the market is about 500 million phones," CFO Shou Zi Chew said in an interview with Bloomberg Television. Smartphone shipments in China reached a record 438 million units last year, according to Strategy Analytics. Chew also expects the rapid consolidation among Chinese vendors will continue. China has about 300 phone makers and that number may be halved in 12 months by competition, the peaking sales and the slowing economy. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Xiaomi
Countries: China
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Xiaomi CFO Alain Lam takes office

Published 13 Oct 2020 07:37 CET | China
Xiaomi has announced that Alain Lam has officially taken office as the Group's vice-president and CFO. Xiaomi appointed Lam as ...

Xiaomi prepares US launch, dismisses data on China slowdown

Published 22 Aug 2016 15:58 CET | United States
Chinese smartphone maker Xiaomi is preparing to enter the US market "in the near future", company vice president Hugo Barra said ...

Meizu releases Meizu m3s smartphone

Published 14 Jun 2016 13:29 CET | China
Chinese smartphone manufacturer Meizu officially introduced its latest m series product, Meizu m3s, at a product release ...

Xiaomi agrees patent, apps deal with Microsoft

Published 01 Jun 2016 08:36 CET | World
Xiaomi has agreed to buy around 1,500 patents from Microsoft and start loading Microsoft Office and Skype on its Android ...

CEO van Xiaomi ziet smartphonemarkt in China pieken

Published 19 May 2016 10:27 CET | China
De Chinese markt voor smartphones zal niet meer veel verder groeien, verwacht Xiaomi. Het plafond ligt op ongeveer 500 miljoen ...

China smartphone shipments rise 2% to 105 mln in Q1

Published 30 Apr 2016 08:52 CET | China
Smartphone shipments in China increased by 2 percent year-on-year to over 105 million units in the first quarter of 2016. The ...

China smartphone shipments slip 5% in Q1 lead by Huawei

Published 29 Apr 2016 10:31 CET | China
China smartphone shipments in the first quarter fell 5 percent year-on-year to 104.9 million units, on the back of market ...

Xiaomi internet services revenue jumps 150% in 2015

Published 27 Jan 2016 11:09 CET | China
Chinese smartphone maker Xiaomi's internet services revenue jumped by 150 percent in 2015 to CNY 3.71 billion (approximately USD ...

Xiaomi falls short of smartphone sales target in 2015

Published 15 Jan 2016 11:02 CET | China
Chinese smartphone maker Xiaomi said it sold over 70 million smartphones in 2015. That's up from 61.1 million in 2015, but short ...





Calendar   /   Industry Events

26 Oct Siminn Q3 2021
26 Oct KPN Q3 2021
26 Oct Juniper Networks Q3 2021
26 Oct Corning Q3
26 Oct TIM Brasil Q3 2021
26 Oct NENT Q3 2021
26 Oct Alphabet Q3 2021
26 Oct Digital Realty Q3
26 Oct Twitter Q3 2021
26 Oct MediaTek Q3
26 Oct SK hynix Q3
26 Oct Orange group Q3 2021
26 Oct F5 Networks fiscal Q4
26 Oct Microsoft fiscal Q1
26 Oct FCC meeting
26 Oct Samsung Developer Conference
26 Oct Cabsat
26 Oct MWC Los Angeles
27 Oct TIM Q3 2021
27 Oct Telefonica Deutschland Q3 2021
27 Oct Spotify Q3 2021
27 Oct Vertiv Q3
27 Oct Netgear Q3
27 Oct Ooredoo Q3 2021
27 Oct Megacable Q3
27 Oct Twilio Q3
27 Oct Android Dev Summit
27 Oct Digital Utilities Europe 2021
28 Oct Swisscom Q3 2021
28 Oct Telenor Q3 2021
::: More Calendar Items