Tag Archives: Asia

Samsung readies dual-mode 4G TDD/FDD LTE phones for China

Samsung Electronics is positioning itself to be one of the first handset vendors to tap into China’s upcoming market for 4G services by introducing new Galaxy S4 phones capable of operating on both FDD and TDD LTE networks. The South Korean company will bring FDD/TDD LTE dual-mode Galaxy S4 and Galaxy S4 mini phones to China once the country officially launches commercial 4G services, the company said on Thursday. Currently, most Western nations are deploying 4G networks using FDD LTE technology. But in China, the government has been heavily promoting the use of TDD LTE networks. The country’s largest carrier, China Mobile, with 740 million customers, has been building trial networks with the 4G standard.Local officials have said China will issue the 4G commercial licenses later this year. Research firm IDC expects that could be as soon as September. China is the world’s largest smartphone market, and Samsung reigns as the country’s top vendor with a 19 percent share, according to IDC. The research firm’s forecasts show that in 2014, a quarter of all smartphones shipped to China will be designed for 4G networks. By 2017, that figure will reach 50 percent Samsung’s dual mode phones will allow users to seamlessly roam over different LTE networks, the company said. The handset maker plans to launch other TDD-LTE devices in other markets in the third quarter.

Outside of China, TDD LTE networks are seeing growing adoption in certain nations in Europe, the Middle East, Asia and Oceania. 

In Australia, local carrier Optus will launch the FDD/TDD LTE dual-mode phones in a few weeks.

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Source: FULL ARTICLE at PCWorld

Robust Philippine Economy, Few Standout SMEs

By Tim Ferguson, Forbes Staff

In many respects 2013 has been a banner year for the Philippines, with Asia’s best economic growth marks (if slowing lately) and improved public finances. The country’s better fortunes are captured in most of the personal valuations of its 50 richest; the latest can be seen here. …read more

Source: FULL ARTICLE at Forbes Latest

Soaring Economy, Dealmaking Boost Fortunes Of Philippines Richest

By Naazneen Karmali, Forbes Staff

In April tobacco king Lucio Tan’s LT Group raised $920 million in what was the Philippines’ biggest ever share sale. More than half of the money, which Tan will use to expand his liquor, banking and property businesses, came from outside Asia, as investors in the U.S. and Europe were eager to get a slice of the region’s fastest-growing economy. Expanding 7.8% in the first quarter on the back of strong domestic consumption, the country got an investment-grade rating this year though rising unemployment remains one of the hitches. …read more

Source: FULL ARTICLE at Forbes Latest

In Pictures: 10 of Asia's 200 Best Under A Billion

By Forbes Staff, Contributor

We highlight here 10 promising companies that made our list of Asia’s 200 Best Under A Billion list.  FORBES ASIA’s editors, drawing on databases of 15,000 stock-traded companies in Asia-Pacific with revenues between $5 million and $1 billion, winnowed the choice to 873 that satisfied the following criteria: five-year average return on equity and pretax margin greater than 10%, positive sales and earnings per share growth for both the most recent fiscal one and three-year periods, debt less than 75% of shareholders’ equity, and a trading history of at least on year. …read more

Source: FULL ARTICLE at Forbes Latest

HTC's Massive Handset Warning Is An Ill Omen For BlackBerry

By Tero Kuittinen, Contributor We have seen truly awful revenue warnings from over the past 18 months – but nothing as devastating as the one the company just issued. HTC now forecasts 3Q 2013 revenues in the NT$50-60 B range, down sharply from NT$70.7 B it delivered during 2Q 2013. It’s the context that makes this forecast so chilling. HTC rolled out a brand new, redesigned flagship model HTC One during the spring quarter. The phone started rolling out in Asia and North America during the month of March. This means that HTC had ample time to ramp up the production of HTC One during the spring – and the company should be hitting peak period during the autumn quarter, with pricing power that a relatively new flagship model is supposed to possess. …read more

Source: FULL ARTICLE at Forbes Latest

Ford Is Minting Cash Instead of Burning It These Days

By Joann Muller, Forbes Staff

Ford Motor’s second-quarter financial performance was impressive for a number of reasons: continued strength in North America, record profits in Asia, signs of progress in Europe, and market share gains around the world. But one number stood out in Ford’s results mid-way through the year: its $4 billion in operating cash flow. …read more

Source: FULL ARTICLE at Forbes Latest

Report: Ford books $1.2B profit in second quarter on strength of trucks

By Brandon Turkus

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Ford is rolling along nicely, with a positive second-quarter sales report and a $2.3 billion profit in North America. The Dearborn, Michigan-based manufacturer captured $1.2 billion globally from April to June, with a $177 million profit in Asia. Even in Europe, the land of doom and gloom for automakers not named Mazda, Ford saw some success as it lowered its expected full-year loss from $2 billion to $1.8 billion. The company lost $348 million in Europe during the second quarter, which, believe it or not, represents a $56-million improvement over 2012.

According to the report on CNBC, Ford enjoyed a three-percent increase in pre-market trading thanks to the news. The strong demand for the F-150 propelled growth in the US market, while Ford’s 47-percent increase in Asian sales can be attributed to the new EcoSport crossover and Kuga (Ford Escape in the US) arriving in the somewhat fragile Chinese market.

Pre-tax profits for Ford are expected to be in the neighborhood of $8 billion by the end of the year, with sales the US, Europe, and China all looking up. The company also shifted $4.78 billion of asset-backed debt in the form of bonds, according to a report by Bloomberg. This move came amidst rumors of the Federal Reserve cutting back on its $85-billion-per-month bond purchases. Ford wasn’t alone among automakers looking to sell off debt, though, as Mercedes-Benz and Nissan shifted around $1 billion each in bonds relating to auto loans.

Ford books $1.2B profit in second quarter on strength of trucks originally appeared on Autoblog on Wed, 24 Jul 2013 10:59:00 EST. Please see our terms for use of feeds.

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Source: FULL ARTICLE at Autoblog

Ford Earnings Beat Forecasts on Higher U.S., China Sales

By The Associated Press

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Justin Sullivan/Getty Images

By DEE-ANN DURBIN

DEARBORN, Mich. — Ford reported better-than-expected second quarter earnings and raised its profit and sales forecasts for the year as strong U.S. pickup truck demand and growing sales in China offset persistent — but narrowing — losses in Europe.

Its shares rose 3 percent in premarket trading.

Ford Motor Co. (F) earned $1.2 billion in the April-June period, propelled by a $2.3 billion profit in North America. U.S. pickup truck sales have jumped 22 percent in the first six months of this year, or nearly three times the pace of total industry sales. That benefits Ford, whose best-selling vehicle in the U.S. is the F-Series pickup.

Ford also reported a best-ever profit of $177 million in Asia. Ford’s sales jumped 47 percent in China the first six months of this year, or more than four times faster than total industry sales growth of 17 percent, as the company introduced popular new vehicles like the EcoSport and Kuga SUVs.

Ford raised its forecast based on the April-June results. The Dearborn, Mich.-based automaker now expects its full-year pretax profit to be equal to or better than the $8 billion it reported a year ago. Previously the company had expected to match that profit.

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Ford also expects sales in the U.S., Europe and China to be in the upper end of its previous forecasts.

In Europe, Ford narrowed its expected full-year loss to $1.8 billion from $2 billion. The company lost $348 million in Europe in the second quarter, which was $56 million better than a year ago.

Ford’s earnings amounted to 30 cents a share in the latest quarter, the same as a year ago. Without one-time items, including separation payments in Europe, where Ford is closing several plants, the company earned 45 cents a share. That surpassed analyst forecast of 37 cents, according to FactSet.

Revenue was up 14 percent to $38.1 billion, beating analyst forecasts of $34.9 billion.

Its shares rose 53 cents, or 3.1 percent, to $17.47 in premarket trading.

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Source: FULL ARTICLE at DailyFinance

Leveraging ASEAN's Role in North Korean Denuclearization

By Jonathan B. Miller, Contributor

The 20th ASEAN Regional Forum (ARF) meeting wrapped up earlier this month in Brunei. The ARF has been heralded by some the leading forum on political-security issues in Asia. Despite this, others regard the ARF as a mere “talk shop” that is unable to tackle complex issues such as the South China Sea dispute. But there are opportunities for ASEAN and the ARF to shed this cloak of criticism and affect meaningful results in the region. One such area is the long stalled denuclearization talks with North Korea. …read more

Source: FULL ARTICLE at Forbes Latest

Chinese SUV Maker Great Wall Says Net Profit Shot Up 74% In 1st Half

By Russell Flannery, Forbes Staff Great Wall Motor, the fast-growing, non-government-own Chinese motor vehicle maker, said today its business continued to expand rapidly in the first half of the year. Net profit shot up by 74% in the six months to June from a year earlier to 4.1 billion yuan, or $683 million, on sales that soared 44% to 26.6 billion yuan, or  $4.4 billion, the company said, without giving a reason for the increases.  Baoding-based Great Wall is one of China’s largest SUV makers and was a member of the 2012 Forbes Asia Fab 50 List of Asia’s best-performing large companies.   …read more

Source: FULL ARTICLE at Forbes Latest

Growth in Smartphone Sales Belongs to Asia

By Reuters

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AFP/Getty Images

By Jeremy Wagstaff
and Lee Chyen Yee

SINGAPORE — After five years of explosive growth sales of high-end smartphones have hit a plateau and the $2 trillion industry — telecom carriers, handset makers and content providers — is buckling up for a bumpier ride as growth shifts to emerging markets, primarily in Asia.

While carrier subsidies have helped drive sales of high-end devices in mature markets, the next growth chapter will be in emerging markets where cost-conscious users demand cheaper gadgets and cheaper access to cheaper services.

This year, the number of mobile Internet users in the developing world will overtake those in the developed world for the first time — growing 27 times since 2007, compared to the developed world’s fourfold growth, according to estimates from the International Telecommunications Union.

“The center of gravity in the mobile ecosystem is likely to shift from the United States and Western Europe toward Asia,” Mary Ellen Gordon, director at mobile advertiser Flurry, said in an emailed interview.

That shift is a challenge to profit margins at the likes of Apple (AAPL) and Samsung Electronics, which together sell half of the world’s smartphones. Both companies announce quarterly results this week.

Samsung has indicated its second-quarter operating profit will fall short of estimates as demand for high-end smartphones slows. Apple is also exploring cheaper iPhone models that come in different colors to tap the mass segment, sources have said.

Neither faces any kind of crisis. But, industry experts say, many users in mature markets who want a smartphone already have one. European smartphone shipments grew 12 percent in January-March from a year ago, the slowest growth since IT research-firm IDC started tracking the mobile market in 2004.

Asia: A Driving Force

Many of the new mobile users will be in Asia Pacific. The region will this year have more mobile Internet users than Europe and the Americas combined, ITU predicts. And there’s plenty of room to grow: fewer than 23 in 100 in Asia are mobile Internet users, versus 67 in Europe and 48 in the Americas.

“Asia will be the driving force of global growth for the next two decades,” says Scott Lee, head of Asia at Appsnack, a division of U.S. based digital advertising company Exponential Interactive.

The catch: much of this growth will come from users of devices that are up to 10 times cheaper than those in the developed world. Cheaper components, easy and fast access to latest versions of Google’s (GOOG) Android operating system, reference designs from chipmakers and falling prices of the chipsets themselves are pushing this, says Frederick Wong, a portfolio manager at tech-focused eFusion Investment, who owns four smartphones.

China, the world’s biggest mobile market — where only about a fifth of …read more

Source: FULL ARTICLE at DailyFinance