Chinese carmaker Geely, which owns Volvo, has announced that its chairman Eric Li, also known as Li Shufu, is setting up a new company that will make premium smartphones.
Founder Zhejiang Geely Holding’s new venture will aim to launch its first smartphone by 2023 and sell 3 million units in the first year.
Lee had previously made futuristic bets on ventures such as flying cars and helicopter taxis. In a smartphone market that is no longer growing in China, the new company will have to compete with Apple, Xiaomi and other established manufacturers.
Notably, smartphone makers are looking to enter the electric vehicle market, realizing that the smartphone boom is coming to an end. However, Geely is the first car manufacturer to try to move in the opposite direction.
The company said in a statement to Reuters that the new company will be called Hubei Xingji Shidai Technology Co Ltd and that it has already signed an agreement with the Wuhan Economic and Technological Development Zone to establish a headquarters in the central city of Wuhan. Li owns 55% of Xingji Shidai. The project will be financed with an investment of $ 1.55 billion.
Flagship smartphones Galaxy S23 helped Samsung regain its first place in the smartphone market
Galaxy S23 smartphones helped Samsung regain its leadership in the smartphone market in February. Prior to this, Apple led the market for several months thanks to the new iPhones.
According to Counterpoint data cited by Business Korea, Samsung captured 21.1% of the market, up 3.5 percentage points from a month earlier. Apple’s share dropped from 20.9% to 20.2%. Next came Xiaomi (11.5%), Oppo (8.9%) and Vivo (8.2%).
In total, 89.6 million smartphones were sold in the world in February, which is 15% less than a year earlier. At the same time, the situation is better in the USA: sales fell only by 4% in annual terms. At the same time in Europe, the figure fell by 22%!
Redmi’s world’s first smartphone for Harry Potter fans goes on sale in China
Xiaomi and Redmi president Lu Weibing has officially confirmed that the Redmi Note 12 Turbo Harry Potter Edition smartphone has gone on sale in China today along with the standard edition.
Buyers are offered the only version of Redmi Note 12 Turbo Harry Potter Edition, which is equipped with 12 GB of RAM and 256 GB of flash memory, for $ 350.
Redmi Note 12 Turbo Harry Potter Edition received a unique back design, an exclusive system theme with matching icons and sound effects, and a gift box with various bonuses.
Inside, in addition to the smartphone itself, buyers are waiting for an original case that hides only half of the back of the smartphone, a clip for the SIM card tray, reminiscent of platform 9 and 3/4, a letter from Hogwarts and a map of marauders. Of course, the package includes a charger and a cable.
As for the standard version of Redmi Note 12, the smartphone became the best-selling mobile device in the price range from $290 to $440 in China, and the version with 16 GB of RAM and 1 TB of flash memory set a historical record in the industry: exceeded the total sales in 5 minutes of all smartphones with the same amount of memory over the same period of time. The new batch will go on sale April 6th.
Previously, Lu Weibing announced the achievements of the Redmi Note series of mobile phones. The cumulative sales volume over the past 10 years has exceeded 320 million units.
Redmi Note 12 Turbo has set a historical record in just 5 minutes of sales. All smartphones sold out
The world’s first Snapdragon 7 Plus Gen 2 SoC-equipped smartphone, the Redmi Note 12 Turbo, has been launched in China today.
Key digital distribution platforms in China, including Jingdong and Taobao, said that within just 5 minutes, the 16GB RAM/1TB flash version set an all-time industry sales record.
In small print it is indicated that the sales of this version in 5 minutes exceeded the total sales of all smartphones with this amount of memory for the same period of time. Specific values, as usual, are not reported.
Redmi officials have confirmed that the entire launch batch of the Redmi Note 12 Turbo has been sold out instantly, with a new batch of 16GB RAM and 1TB flash smartphones going on sale on April 6th.
Recall, Redmi Note 12 Turbo received a 6.67-inch OLED screen with a resolution of 2400 x 1080, it supports an image refresh rate of 120 Hz, a PWM frequency of 1920 Hz. The battery has a capacity of 5000 mAh, there is support for 67-watt charging. The main camera with optical stabilization has a resolution of 64 megapixels.
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