Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Increasing demand for affordable smartphones, especially in emerging markets like India and China, is expected to push up shipment of devices in the Asia Pacific region by 3.2 per cent to 1.19 billion units in 2015, research firm Gartner said today.
While the shipments — including PCs, tablets and mobile phones — stood at 1.15 billion in 2014, the volume is forecast to grow to 1.19 billion in 2015 and further to 1.28 billion by 2017, the research firm said in a statement.
The increase in device shipments is mainly driven by 4.1 per cent growth in the mobile phone segment as cheaper priced smartphones stimulate replacements.
“Chinese vendors are aiming to grow in other emerging Asian markets as the local market is approaching saturation point,” Gartner Principal Analyst CK Lu said. Original post at ET Telecom