News That Matters

Tag: Chinese

iPhone sales slump 11% as Chinese competitors gain ground

iPhone sales slump 11% as Chinese competitors gain ground

Technology
As global sales of smartphones stall, the two companies with the largest slice of the market are losing ground to competition from China.Apple saw its phone sales down 11% year-on-year, while South Korean market leader Samsung lost 9% of its share of sales in 2018. Figures released by research company Gartner show that Apple recorded its worst quarterly decline in almost two years, while Chinese competitors Huawei, Xiaomi, and OPPO all increased their shares of the international market. Apple's customers seem to be holding on to their old phones for longer, shying away from the high cost and comparatively low levels of innovation in newer devices.Amid the scandal over Apple slowing down old phones and an offer to replace batteries freely, the American company sold 10 million fewer phones i...
Huawei charges are an attempt to 'strangle' Chinese business, Beijing says

Huawei charges are an attempt to 'strangle' Chinese business, Beijing says

World
Jan. 29 (UPI) -- China condemned the U.S. charges against Huawei Tuesday as political manipulation to obstruct the legitimate business operations of its company. "The US has been using national power to tarnish and crack down on specific Chinese companies in an attempt to strangle their lawful and legitimate operations," Chinese foreign ministry spokesman Geng Shuang said in a statement. "Behind such practices are deep political intentions and manipulations." He said China "strongly" urges the U.S. to stop its "unreasonable bashing on Chinese companies including Huawei, and treat them objectively and fairly." China will defend the legitimate rights and interests of its companies, he said. China's ministry of industry and information technology also called the indictments "unfair and immor...
Chinese unemployment worries are growing as Beijing beefs up stimulus

Chinese unemployment worries are growing as Beijing beefs up stimulus

Finance
Beijing is working hard to stop a slowing Chinese economy from hitting its workforce. In the last several weeks authorities have made a flurry of announcements, including tax cuts, monetary policy loosening and plans to support public spending. The push comes as economic data points to sagging domestic growth and the U.S. looks set to keep up the pressure on trade. Amid that environment, worries of widespread job losses won't help the already gloomy sentiment that's giving consumers a second thought on spending. The overarching worry for China's leaders is that unemployment could lead to social unrest, and deeper questioning ...