China’s Huawei’s Handset Business Making a Comeback, Executive Says

 People visit a Huawei booth during the World Semiconductor Congress in Nanjing in China's eastern Jiangsu province on July 19, 2023. (AFP)
People visit a Huawei booth during the World Semiconductor Congress in Nanjing in China's eastern Jiangsu province on July 19, 2023. (AFP)
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China’s Huawei’s Handset Business Making a Comeback, Executive Says

 People visit a Huawei booth during the World Semiconductor Congress in Nanjing in China's eastern Jiangsu province on July 19, 2023. (AFP)
People visit a Huawei booth during the World Semiconductor Congress in Nanjing in China's eastern Jiangsu province on July 19, 2023. (AFP)

Huawei Technologies' handset business is "on the road to a comeback" the head of the company's consumer business Richard Yu said in his keynote at the company's annual developer conference in the southern city of Dongguan on Friday.

Huawei's share of the domestic smartphone market share grew by 76.1% in the second quarter, and took second spot in the high-end sector, Yu said.

The company held 11.3% of the overall China market in the second quarter, behind five competitors led by Vivo and Apple, according to Counterpoint Research.

Counterpoint attributed Huawei's growth to the resumption of normal product launches after resolving shortages.

Several rounds of US restrictions on US-made technology limited Huawei to producing last-generation 4G handsets, causing its once sizeable handset market share to plummet both at home and abroad.

The US and European governments have labelled Huawei a security risk, a charge the company denies.

Yu said Huawei's in-house Harmony operating system has "overcome many challenges" in the last four years, noting there were now 2.2 million developers for the system.

Last month research firms told Reuters they expect Huawei to return to making 5G smartphones by the end of the year by procuring chips domestically, in spite of the US restrictions.

Huawei declined to comment.



Amazon Reveals its First Color Kindle E-reader after Years of Development

Amazon's Kindle e-book app is seen on an iPhone in an illustration taken April 11, 2023. REUTERS/Chris Helgren/Illustration/File Photo Purchase Licensing Rights
Amazon's Kindle e-book app is seen on an iPhone in an illustration taken April 11, 2023. REUTERS/Chris Helgren/Illustration/File Photo Purchase Licensing Rights
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Amazon Reveals its First Color Kindle E-reader after Years of Development

Amazon's Kindle e-book app is seen on an iPhone in an illustration taken April 11, 2023. REUTERS/Chris Helgren/Illustration/File Photo Purchase Licensing Rights
Amazon's Kindle e-book app is seen on an iPhone in an illustration taken April 11, 2023. REUTERS/Chris Helgren/Illustration/File Photo Purchase Licensing Rights

Amazon on Wednesday announced its first color Kindle e-reader following years of effort to bring the more immersive device to market.

The 'Kindle Colorsoft' carries a $280 price tag that compares with similar devices from other manufacturers available on Amazon in the range of $149 to $330. The Colorsoft relies on LEDs and other technologies to achieve the color display, according to a company statement.

Amazon had tried in prior years to develop color e-readers using eInk -- the technology available in its standard Kindles that requires minimal battery power. The Colorsoft will have a roughly eight-week battery life, compared with up to three months for its latest generation Paperwhite e-reader, Reuters reported.

The Seattle retailer also unveiled a new Paperwhite with a 7-inch screen, measured diagonally, two-tenths of an inch larger than the most recent generation's. It also revealed an updated Kindle Scribe e-reader, which allows users to jot onto the screen with a stylus and convert that into more legible text.

Users' in-book notations can be summarized by artificial intelligence software that can convert pages of notes into bullet points, the company said.

Amazon is still the market leader in e-readers, commanding more than three quarters of the market, by some measures. The devices are built to last for years and the company has said it sells them for close to cost, making money when people purchase books or other reading materials.

The COVID-19 pandemic fueled a surge in e-reader use, as many libraries stayed closed to enforce shelter-in-place policies but still offered wireless downloads of e-books.

Kindles are often put on sale during discount events, such as Prime Day. The Colorsoft will ship to customers on Oct. 30 and the new Scribe will ship on Dec. 4.