Taiwanese computer giants Asustek Computer Inc (華碩電腦) and Acer Inc (宏碁) are both gearing up to grab a slice of the growing smartphone market pie this year.
Asustek, the pioneer of netbook computers, yesterday introduced its third smartphone model, which carries the “Garmin-Asus” brand, saying it aimed to sell 1 million smartphones globally this year.
The company declined to reveal last year’s smartphone shipments, but said the quantity was minimal because it only tied up with US navigation device maker Garmin Ltd last February to produce and market smartphones under the joint brand.
“We experienced a restructuring period with Garmin after the partnership, and that was why we have been slow in launching smartphones,” Benson Lin (林宗樑), Asustek corporate vice president of personal mobile devices, told reporters on the sidelines of a product launch.
Asustek aims to launch one smartphone every quarter in Taiwan this year, including the first model that runs on Google Inc’s Android operating system in the second quarter.
It will also test the waters in China by launching a model based on China’s homegrown standard TD-SCDMA in the fourth quarter, Lin said.
Asustek is banking on location-based services (LBS) to bolster sales of its latest smartphone M10 — a Windows Mobile model that incorporates a 5-megapixel camera and a 3.5-inch screen.
“Taiwanese consumers do not have faith in LBS [in terms of user interface.] M10 will change their perception,” Lin said.
To sweeten the deal, M10’s selling price is only NT$13,900 (US$421), compared with the NT$20,000 price tag that its other smartphones normally carry, he said.
Meanwhile, Acer chairman Wang Jeng-tang (王振堂) said the company aims to ship a total of 2 million smartphones globally this year.
The company launched its first smartphone early last year after merging with local handheld device maker E-Ten Information System Co (倚天) in March 2008.
Acer aims to introduce about 10 smartphone models this year. It launched a total of nine models last year, said Eric Chuang (莊博淵), Acer marketing and communications manager.
STIMULUS PLANS: An official said that China would increase funding from special treasury bonds and expand another program focused on key strategic sectors China is to sharply increase funding from ultra-long treasury bonds this year to spur business investment and consumer-boosting initiatives, a state planner official told a news conference yesterday, as Beijing cranks up fiscal stimulus to revitalize its faltering economy. Special treasury bonds would be used to fund large-scale equipment upgrades and consumer goods trade-ins, said Yuan Da (袁達), deputy secretary-general of the Chinese National Development and Reform Commission. “The size of ultra-long special government bond funds will be sharply increased this year to intensify and expand the implementation of the two new initiatives,” Yuan said. Under the program launched last year, consumers can
Citigroup Inc and Bank of America Corp said they are leaving a global climate-banking group, becoming the latest Wall Street lenders to exit the coalition in the past month. In a statement, Citigroup said while it remains committed to achieving net zero emissions, it is exiting the Net-Zero Banking Alliance (NZBA). Bank of America said separately on Tuesday that it is also leaving NZBA, adding that it would continue to work with clients on reducing greenhouse gas emissions. The banks’ departure from NZBA follows Goldman Sachs Group Inc and Wells Fargo & Co. The largest US financial institutions are under increasing pressure
TRENDS: The bitcoin rally sparked by US president-elect Donald Trump’s victory has slowed down, partly due to outflows from exchange-traded funds for the token Gold is heading for one of its biggest annual gains this century, with a 27 percent advance that has been fueled by US monetary easing, sustained geopolitical risks and a wave of purchases by central banks. While bullion has ticked lower since US president-elect Donald Trump’s sweeping victory in last month’s election, its gains this year still outstrip most other commodities. Base metals have had a mixed year, while iron ore has tumbled, and lithium’s woes have deepened. The varied performances highlight the absence of a single, over-riding driver that has steered the complex’s fortunes, while also putting the spotlight
Ibiden Co, the dominant supplier of chip package substrates used in Nvidia Corp’s cutting-edge semiconductors, might need to dial up the pace of production capacity increases to keep up with demand, company CEO Koji Kawashima said. Sales of the 112-year-old company’s artificial intelligence (AI)-use substrates are robust, with customers buying up all that Ibiden has, Kawashima said. That demand is likely to last at least through next year, he added. Ibiden is building a new substrate factory in Gifu Prefecture, Japan, which is expected to go online at 25 percent production capacity around the last quarter of next year before reaching 50