stc Group to Showcase Advanced Defense Solutions at World Defense Show 2024

stc Group is participating as a sponsor at the World Defense Show 2024 in Riyadh
stc Group is participating as a sponsor at the World Defense Show 2024 in Riyadh
TT

stc Group to Showcase Advanced Defense Solutions at World Defense Show 2024

stc Group is participating as a sponsor at the World Defense Show 2024 in Riyadh
stc Group is participating as a sponsor at the World Defense Show 2024 in Riyadh

stc Group is participating as a sponsor at the World Defense Show 2024, to take place from February 4 to 8 in Riyadh.
Held under the theme “Equipped for Tomorrow”, this second edition of the World Defense Show will showcase the future of defense through innovation and emerging technologies from around the world.
stc Group, along with its subsidiaries, participates in this year’s edition, showcasing its innovative products and solutions tailored for the defense and military sectors. These solutions include state-of-the-art communication systems, secure network infrastructure, satellite connectivity, AI, and advanced cybersecurity measures to ensure mission-critical operations remain resilient and secure.
In order to leverage the collective expertise and resources of key industry partners, and facilitate the development of innovative solutions that enhance security and defense capabilities, stc Group plans to establish strategic collaborations and ink memoranda of understanding. These partnerships will drive advancements in defense technology and enhance security capabilities through cooperation and innovation.
stc Group will participate in the panel session on Defense Innovation Units to explore and promote understanding of the role and impact of DIUs in the defense and military sectors. It will also discuss how DIUs facilitate collaboration and partnerships between the military, private sector, startups, and academia, to accelerate technology adoption.



Apple’s China Market Share Shrinks as Huawei Surges, Data Shows 

A woman walks past a logo of Apple Inc in Wuhan, Hubei province July 24, 2013. (Reuters)
A woman walks past a logo of Apple Inc in Wuhan, Hubei province July 24, 2013. (Reuters)
TT

Apple’s China Market Share Shrinks as Huawei Surges, Data Shows 

A woman walks past a logo of Apple Inc in Wuhan, Hubei province July 24, 2013. (Reuters)
A woman walks past a logo of Apple Inc in Wuhan, Hubei province July 24, 2013. (Reuters)

Apple's market share in China shrank by two percentage points in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei, according to data from market research firm Canalys.

The decline underscores the difficulties the US tech giant faces in its third-largest market.

Huawei's smartphone shipments surged 41% year-on-year in the quarter, bolstered by the launch of its new Pura 70 series in April.

The Canalys data, while not providing specific shipment figures for Apple, showed that the company's market share in China dropped to 14% in the second quarter of 2024, a decrease from 16% in the same quarter of 2023.

As a result of this decline, Apple's ranking in the Chinese smartphone market fell from third to sixth place.

Overall, China's smartphone shipments rose by 10% in the quarter, Canalys said. Vivo was the top vendor with a share of 19%, followed by Oppo, Honor and Huawei with 16%, 15% and 15% respectively.

"Domestic manufacturers have demonstrated market leadership, occupying the top five positions in the mainland Chinese market for the first time in history," said Lucas Zhong, research analyst at Canalys.

"On the other hand, Apple faces growth pressure in the Chinese market and is actively focusing on optimizing channel management."

Huawei made a comeback to the high-end smartphone segment last August with the release of a device powered by a domestically-made chip, defying US sanctions that have cut off its access to the global chipset supply chain.

In an effort to boost sales, Apple has ramped up its discounting efforts this year to entice consumers. The US company launched an aggressive campaign in May, doubling the scale of an earlier promotion in February and offering price cuts of up to 2,300 yuan ($318.84) on select iPhone models.

Analysts expect Huawei's strong performance to continue throughout the year. Canadian research firm TechInsights projected earlier this year that Huawei's overall smartphone shipments in China will exceed 50 million units in 2024, with the Pura 70 series accounting for 10 million of those shipments.

That would make Huawei the No. 1 seller with a 19% market share, up from 12% in 2023, TechInsights has said.