I just bought my first Chinese phone: A Huawei P20 Pro. I am so amazed by this thing!
China smartphone market suffers hard-landing, shipments decline 21% in Q1 2018
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Re: China smartphone market suffers hard-landing, shipments decline 21% in Q1 2018
#32China’s growth fueled by massive debt is over(350% to gdp, government + corporate + individuals). it’s barely returning one yuan for every yuan debt it takes on. The Chinese consumer is weighed down by housing debt and credit card debt. And the tariff is going to hit the consumers hard; soy prices increases already has Chinese consumers screaming.
As a reference, USA's total debt to GDP is 852%: https://en.m.wikipedia.org/wiki/Financial_position_of_the_Un...
Re: China smartphone market suffers hard-landing, shipments decline 21% in Q1 2018
#33China’s growth fueled by massive debt is over(350% to gdp, government + corporate + individuals). it’s barely returning one yuan for every yuan debt it takes on. The Chinese consumer is weighed down by housing debt and credit card debt. And the tariff is going to hit the consumers hard; soy prices increases already has Chinese consumers screaming.
Virtually no Chinese people have credit cards. Everything is prepaid apart from business loans, cars and house loans.
Re: China smartphone market suffers hard-landing, shipments decline 21% in Q1 2018
#34This is a good thing if you want a truly open source phone.
Smartphones have become a commodity. Yet the solidarity among fabricators against a { us: hardware, you: software } business model has been remarkable.
Margins have been razor thin for awhile, the business is incredibly cutthroat. Though it might come from Taiwan, I hope this is the straw that breaks the camels back.
BTW I'm talking on the low end here. It's already being done on the high end by Fairphone, and a few others.
Re: China smartphone market suffers hard-landing, shipments decline 21% in Q1 2018
#35It sometimes amazes me that people switch their phones so often. I tend to have a phone for 3 years. Many of my friends change every year ! One step to towards reducing global warming is reducing consumption.
Same here. They only reason that I upgraded to the nexus 5x from the nexus 5 was that the modem in the 5x supported additional LTE bands. If there's no signficiant changes in the modem hardware you're just paying more money for a slightly better version of the phone you already have.
You went from the slowest and more bugged phone that I ever had to one that it’s even slightly slower... it’s not really a good upgrade choice to do after 3 years.
Re: China smartphone market suffers hard-landing, shipments decline 21% in Q1 2018
#36China’s growth fueled by massive debt is over(350% to gdp, government + corporate + individuals). it’s barely returning one yuan for every yuan debt it takes on. The Chinese consumer is weighed down by housing debt and credit card debt. And the tariff is going to hit the consumers hard; soy prices increases already has Chinese consumers screaming.
Interestingly, the US' total private and public debt amounts to 3.5 times the GDP as well but few seem to have as much concern over its debt as they do China's. Also, the UK appears to have a similar level of private debt as the US, and only a bit less public debt. On public debt alone, China:UK:US is 66:85:107 percent of GDP, according to the IMF. So what is the reason for major concerns over one but not others? Dev…
1.) dollar is reserve currency. Yuan is not. Yuan is barely convertible
2.) US has large debt but way larger assets. 40% of the worlds wealth in fact
3.) US gdp to debt is only around 100%
Re: China smartphone market suffers hard-landing, shipments decline 21% in Q1 2018
#37I just bought my first Chinese phone: A Huawei P20 Pro. I am so amazed by this thing!
I really want that phone but find it too expensive. if Im going to spend that amount of money, I might as well get a Samsung or iPhone
Re: China smartphone market suffers hard-landing, shipments decline 21% in Q1 2018
#38Re: China smartphone market suffers hard-landing, shipments decline 21% in Q1 2018
#39This is a good thing if you want a truly open source phone. Smartphones have become a commodity. Yet the solidarity among fabricators against a { us: hardware, you: software } business model has been remarkable. Margins have been razor thin for awhile, the business is incredibly cutthroat. Though it might come from Taiwan, I hope this is the straw that breaks the camels back. BTW I'm talking on the low end here. It's…
"Razor thin" may be something of an exaggeration.
Apple's margin on iPhones is 59-64%[1]. Samsung is 17%[0].
"Razor thin" would be the grocery industry, which is usually under 3%.
[0]: http://fortune.com/2016/08/23/apple-samsung-smartphone-profi...
[1]: https://www.reuters.com/article/us-apple-iphone/apples-iphon...
Re: China smartphone market suffers hard-landing, shipments decline 21% in Q1 2018
#40China’s growth fueled by massive debt is over(350% to gdp, government + corporate + individuals). it’s barely returning one yuan for every yuan debt it takes on. The Chinese consumer is weighed down by housing debt and credit card debt. And the tariff is going to hit the consumers hard; soy prices increases already has Chinese consumers screaming.
As a reference, USA's total debt to GDP is 852%: https://en.m.wikipedia.org/wiki/Financial_position_of_the_Un...
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