China Current Affairs

India overtakes US to become 2nd largest smartphone market behind China

According to research firm Canalys, India has overtaken US to become second largest smartphone market in the July-September 2018 quarter. India saw shipment of 40.4 million units during third quarter and was second to China where 100.6 million smartphones were shipped. Smartphone shipment in US was at 40 million units.

Key Highlights

Worldwide smartphone shipments fell by 7.2% year-on-year to 348.9 million units during July-September 2018, a fourth consecutive quarter of decline. This was also worst third quarter performance since 2015. Seven of the top ten markets recorded year-on-year (y-o-y) declines, mainly caused by lengthening smartphone replacement cycles, worsening international trading conditions and competition from major Chinese vendors.

The three markets (among top 10) that registered growth were Indonesia (13.2% increase y-o-y to 8.9 million units), Russia (11.5% jump y-o-y to 8.8 million units) and Germany (2.4% rise y-o-y to 5.5 million units). China’s smartphone shipment declined 15.2% y-o-y, India by 1.1% and US by 0.4% in September 2018 quarter.

Samsung led vendor tally with 20.4% share in said quarter, followed by Huawei (14.9%), Apple (13.4%), Xiaomi (9.6%), and Oppo (8.9%). The worldwide smartphone market faces unprecedented challenge, while its dynamics are changing rapidly at both vendor and country level. This is providing growth opportunities for aggressive vendors with speed to respond quickly to market changes.

Month: Categories: Business & Economy Current Affairs 2018

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AG600: China’s first amphibious aircraft completes first water takeoff

China’s first home-grown amphibious aircraft AG600 (code-named Kunlong) successfully carried out its first take-off and landing on water. It is claimed to be as the world’s largest amphibious aircraft. In this maiden flight, the seaplane took off from Zhanghe Reservoir in Jingmen, Hubei’s province and stayed airborne for about 15 minutes

AG600 amphibious aircraft

AG600 is third member of China’s large aircraft family following large freighter Y-20 and large passenger aircraft C919. It has been developed and built by state-owned aircraft giant Aviation Industry Corporation of China. It had made its maiden flight at the coastal city at Zhuhai in December 2017.

AG600 can land and take off from water. It has wingspan of 38.8 metres. It is powered by four turboprop engines. It has been designed and built by China’s state-owned manufacturer Aviation Industry Corp of China. It is capable of carrying 50 people and can stay airborne for 12 hours.

It has operational range of 4,500-km. This aircraft has military applications and also can be used for firefighting and marine rescue. Its flight capabilities put all of China’s artificial island-building projects in disputed South China Sea (SCS) well within its range

Month: Categories: International Current Affairs 2018

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