China's Single's Day shopping season expanded to a full month this year. While overall sales momentum appeared lackluster amid reports of discount exploitation and high return rates, the electronics sector showed strong performance, driven by government trade-in subsidies and promotional campaigns for new devices.

Royole Technologies, a pioneer in foldable display technology and the creator of the world's first commercial foldable smartphone has declared bankruptcy. Despite its early lead and innovative products, the company struggled financially, leading to its demise.

Huawei is set to showcase its latest flagship smartphones at the "Huawei Mate Brand Ceremony" on November 26, with pre-orders already surpassing 1.7 million units. The company has opened reservations for three models: the Mate 70, Mate 70 Pro, and Mate 70 Pro+, each available in 12GB and 16GB memory configurations across eight color options. The anticipated Mate 70 RS Ultimate Edition remains unlisted.

Samsung Electronics' smart glasses project has gained renewed attention, with reports indicating a launch in the third quarter of 2025 and an initial production run of 500,000 units.

The combination of promotional events like Double Eleventh Day in China and Black Friday sales in Europe and the US, coupled with new smartphone launches in November, has driven a rebound in end-user demand. This recovery has improved demand for upstream display panels, helping stabilize overall panel prices. However, certain types of smartphone panels continue to experience price declines.

Taiwan-based lens maker Genius Electronic Optical (GSEO) is guardedly optimistic about 2025 sales, expecting wider penetration for its periscope lenses in smartphones and other applications, and better order momentum from Chinese smartphone brand customers, according to the company.

As AI smartphones reach a critical juncture, major manufacturers are ramping up their hardware and AI application development. Industry watchers expect competition to intensify when Apple's Apple Intelligence becomes available in China.

Smartphone vendors in India recorded a 5.6% shipment growth in the third quarter of 2024, with the iPhone reaching a record shipment of four million units. However, overall smartphone shipments in India are expected to experience only limited growth throughout 2024.

Unisoc, having achieved annual revenues above CNY10 billion (approx. US$1.38 billion) for two successive years from 2022 to 2023, is preparing to expedite its initial public offering (IPO), according to Chinese media reports. In September 2024, the fabless chipmakers completed its most recent equity financing round, which secured a funding of CNY4 billion.

Following Donald Trump's victory in the US presidential election and the possibility of a renewed US-China trade war, Indian officials believe Apple may scale up its manufacturing capacities in India to mitigate potential tariffs and avoid supply chain disruptions that could arise.

Huawei's "Songshan Lake Initiative," launched in late 2019 at its Dongguan facility, mobilized over 2,000 engineers globally over nine months to establish HarmonyOS for smartphones. This project marked a pivotal shift for Huawei, as covered by Yicai and The Paper.

Despite cautious economic forecasts for the fourth quarter of 2023, e-commerce platforms have reported robust sales during the Double 11 shopping festival, providing a boost to the ICT sector. Mobile phones and communication devices have emerged as top sellers, driven by aggressive promotional campaigns.

Benefiting from the continuous increase in market penetration of LED backlit keyboard modules, electronic components manufacturer Chicony Electronics reported continued revenue growth in the third quarter of 2024. Although the product mix slightly impacted the gross margin, which declined marginally compared to the previous quarter, it remained above 20%.

The Snapdragon Summit 2024, held October 21-23, placed Qualcomm's Oryon CPU and AI advancements at the center of its product showcase. Amid mixed reactions to Qualcomm's chip announcements, "Oryon CPU development" and "AI capabilities" have emerged as the foundation of the company's 2024 product portfolio, reflecting Qualcomm's strategic shift. In this article, DIGITIMES examines Qualcomm's recent advancements and strategies across semiconductors, AI, smartphones, PCs, and automotive platforms amid a flurry of market rumors.

Apple has submitted a US$10 million investment plan to the Indonesian government in hopes of lifting the ban on the iPhone 16 to enable its immediate sale in the local market.

Arm has reported better-than-expected revenue driven by strong licensing and royalty performance. The company saw a 40% year-over-year increase in smartphone royalty revenue, while continued demand for AI solutions fueled significant licensing growth.

Boosted by the recovering Chinese market, Qualcomm recorded better-than-expected sales and issued an optimistic sales forecast for the current period, highlighting promising trends in the mobile device industry.

The patent dispute between Lenovo and ZTE is intensifying. On October 21, Lenovo filed a patent infringement lawsuit against ZTE in the UK High Court. A week later, ZTE responded, citing prolonged licensing negotiations with Lenovo and expressing surprise over Lenovo's choice to litigate in the UK, while also respecting their decision.

According to Bloomberg, the Times of India, and Hindu BusinessLine, Muralikrishnan B, president of Xiaomi's Indian operations, announced he will resign at the end of 2024 after six years with the company. He will continue with Xiaomi as an independent strategic adviser.

The sales performance of Apple's iPhone 16 series has garnered mixed reviews since its launch. However, the benefits generated during the initial phase of the product release cannot be overlooked. Driven by growth in consumer electronics, Foxconn reported a revenue of NT$804.847 billion (approximately US$25.2 billion) for October 2024, marking an increase of 8.59% compared to NT$741.2 billion (approximately US$23.2 billion) in the same month last year.

While Apple anticipates a slight slowdown in revenue growth for the fourth quarter, industry analysts are optimistic that the Single's Day e-commerce promotion, along with price cuts from various vendors, generative AI (GenAI) applications, and the traditional peak sales season, will collectively give smartphone sales a positive boost.

Huawei's flagship device, the Mate 70, is slated to be released at the end of November, following the recent debuts by Xiaomi, Oppo, Vivo, and Honor. This smartphone has sparked widespread curiosity due to Huawei's proprietary Kirin 9100 SoC and the use of the native HarmonyOS.

Apple's initial sales of the iPhone 16 this year have surpassed those of the iPhone 15 in 2023, leading to better-than-expected performance in Apple's third-quarter financial report. Nevertheless, the company is encountering difficulties in further penetrating the Chinese market, according to industry sources.

Amid the ongoing US-China conflict, the industry is focusing on Apple's efforts to shift its supply chain away from China to other regions. However, one of Apple's primary alternative destinations, India, is now facing challenges in its competitiveness compared to Vietnam. Vietnam offers a more favorable tariff structure and dedicated task forces to support investments, making it a more attractive option for companies looking to relocate their supply chains.

Apple's latest financial report not only exceeded overall analyst expectations but also showcased robust sales performance for the iPhone 16, which has garnered significant attention from the public.