Displaying items by tag: South Asia
Chinese smartphone brands continue to grow in Bangladesh and now capture 29 percent of the market, up from 13 percent a year ago, according to Counterpoint Research. In Q3 2017, Chinese smartphone brands grew 125 percent year-on-year in the South Asian nation.
“Chinese brands have been aggressively expanding in the Bangladesh smartphone market with low-cost offerings. Major Chinese brands like Huawei, iTel, Xiaomi and OPPO have already started to make their presence felt by grabbing market share from local brands,” said Shobhit Srivastava, Research Analyst at Counterpoint Research.
“The expected launch of 4G services in January 2018 will further add to the advantage of the Chinese brands, as they offer budget 4G smartphones with good specs,” Srivastava added. “Local brands like Symphony, Walton and Winmax will have to quickly adapt to the change in the market if they want to maintain share.”
Symphony Mobile remained the number one handset player in Bangladesh with 26 percent market share, but its sales declined 24 percent annually and 19 percent sequentially owing to tough competition from players like iTel and Nokia.
Samsung was able to maintain its second position in the smartphone segment with 14 percent market share. Its sales nevertheless declined 3 percent compared to Q3 2016. Its Galaxy J2 model was the number one smartphone sold in the country during the quarter thanks to strong promotions.
Huawei clinched the third spot in the smartphone segment with 8.5 percent market share in the quarter. Its low-cost Y series smartphones helped the brand stay relevant to Bangladeshi consumers. Walton was the only other Bangladesh brand to be featured in the top five smartphone brands list, achieving 8.3 percent market share.
iTel, another Chinese brand, has been aggressively expanding its presence in Bangladesh smartphone market with its low cost mobile phone offerings. The brand at number five captured 6.9 percent share of the Bangladesh smartphone market.
The Bangladesh mobile handset market grew 19 percent annually and 1 percent sequentially. Smartphone growth slowed during the quarter growing by just 3 percent annually. Smartphone shipments contributed to 24 percent of the total mobile phone shipments, signaling a slow but steady adoption of smartphones.
Huawei Marine announced it has commenced work on Desk Study and Marine Survey works in conjunction with key investor Tropic Science Co., Ltd. (Tropical Science) to construct the Pakistan East Africa Cable Express (PEACE) submarine cable, which connects South Asia with East Africa. With initial work underway, the project is targeted for completion in Q4, 2019.
The project has a total length of 13,000 km, and will connect South Asia (Pakistan) and East Africa (Djibouti) and Kenya, with a northern expansion to Egypt and further southern expansion from Kenya to South Africa.
The project will facilitate connectivity from China to Pakistan via existing terrestrial cable networks and create the shortest route from China to Europe via Africa. This network topology substantially reduces existing network lengths by up to 50 percent and when completed, will provide a cost-effective, diverse route for the escalating demand for capacity between Asia, Africa and Europe.
Tropical Science believes Africa’s market capacity is more attractive than many other regions as its networks are developing rapidly and the number of internet users in Africa is also growing at an unprecedented rate. The construction of this international information highway will become an important enabler of East Africa’s telecommunications as well as its social and economic development in future.
“We are pleased to commence work on this important project to ensure a timely delivery programme,” said Mao Shengjiang, COO of Huawei Marine. “Our customer-centric focus and commitment to quality and on-time delivery, is a hallmark of our company values. I would like to thank Tropical Science and our other partners for their trust in Huawei Marine.”
In October, at the 3rd Asia Pacific Submarine Networks Forum, Tropic Science, China-ASEAN Information Harbor, China Construction Bank and Huawei Marine signed and MOU for the construction of the PEACE submarine cable project.