Tag Archives: aapl

Apple copycat Xiaomi leaps to No. 3 in smartphones

China-based Xiaomi leapt to third place in the worldwide smartphone market in the third quarter as its unit shipments soared 211% from Q3 2013, research firm IDC reported late Wednesday. Xiaomi’s market share rose to 5.3% from 2.1%. But its hold on third place could be short-lived as No. 4 smartphone maker Lenovo, also of China, completed its acquisition Thursday of Google’s (GOOGL) Motorola Mobility unit. Xiaomi shipped 17.3 million smartphones in the quarter, putting it well behind market leaders Samsung and Apple (AAPL). Samsung held a wide lead as the No. 1 smartphone vendor in Q3, with 78.1 million units shipped. But its market share fell to 23.8% from 32.5% in the year-ago period, as its shipments sank 8.2%, IDC said. Apple’s market share dipped to 12% from 12.9%. Its iPhone shipments rose 16.1% to 39.3 million units. But the total market grew 25.2%. Apple’s smartphone sales slowed ahead…

Retailers May Blink Vs. Apple In Mobile Showdown

Retail giants are likely to blink and support Apple’s new mobile wallet, speculates RBC Capital in a research report. Apple (AAPL) unveiled its mobile payment system, called Apple Pay, when launching the iPhone 6 last month. While Apple’s strength is its 800 million or so global iTunes users with accounts linked to credit and debit cards, a retail consortium called MCX (Merchant Customer Exchange) has powerful backers, including Wal-Mart Stores

Apple Pay off to fast start with consumers, CEO says

Apple Pay saw more than 1 million credit cards registered for the mobile e-wallet service in its first 72 hours after launching last week, Apple (AAPL) CEO Tim Cook said Monday. Speaking at the Wall Street Journal Digital Live conference, Cook sought to show that consumers are embracing Apple Pay despite reports that some retailers are rejecting the contactless payment technology. “We’re already No. 1. We’re more than the total of the other guys,” Cook bragged. “And we’ve only been at it a week.” Visa (V) and MasterCard (MA) executives told Apple (AAPL) that the Apple Pay system is already seeing more use than other contactless payment methods, Cook said, according to AP. Rival services include Google’s (GOOGL) Google Wallet and eBay’s (EBAY) PayPal. But major drugstore chains CVS (CVS) and Rite Aid (RAD) made headlines by disabling Apple Pay in their stores after initially accepting it. “It’s a skirmish,”…