Meta’s Zuckerberg Discusses Mixed Reality Devices, AI with LG Leaders in South Korea 

Mark Zuckerberg, CEO of Facebook, speaks to journalist after meeting Japanese Prime Minister Fumio Kishida at the latter's official residence in Tokyo, Japan, 27 February 2024 (issued 28 February 2024). (EPA)
Mark Zuckerberg, CEO of Facebook, speaks to journalist after meeting Japanese Prime Minister Fumio Kishida at the latter's official residence in Tokyo, Japan, 27 February 2024 (issued 28 February 2024). (EPA)
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Meta’s Zuckerberg Discusses Mixed Reality Devices, AI with LG Leaders in South Korea 

Mark Zuckerberg, CEO of Facebook, speaks to journalist after meeting Japanese Prime Minister Fumio Kishida at the latter's official residence in Tokyo, Japan, 27 February 2024 (issued 28 February 2024). (EPA)
Mark Zuckerberg, CEO of Facebook, speaks to journalist after meeting Japanese Prime Minister Fumio Kishida at the latter's official residence in Tokyo, Japan, 27 February 2024 (issued 28 February 2024). (EPA)

Meta Platforms CEO Mark Zuckerberg on Wednesday met LG Electronics executives to discuss a stronger partnership in extended reality (XR) devices as well as potential cooperation in artificial intelligence (AI), LG said.

Zuckerberg arrived in South Korea late on Tuesday and is widely expected to hold talks on AI and meet with President Yoon Suk Yeol and heads of the country's technology powerhouses.

He held discussions with LG Electronics CEO William Cho and parent company LG Corp COO Kwon Bong-seok about business strategy related to next-generation XR device development, LG Electronics said in a statement.

Cho also expressed interest in Meta's large language model-based AI technology and discussed possible on-device AI cooperation, his company said. Cho has previously said LG Electronics is looking for opportunities in XR.

Meta launched its latest mixed-reality headset, Quest 3, in June before rival Apple ramped up competition this month with its Vision Pro device.

It has also been intensifying AI efforts this year including plans for a custom chip and adding AI functions to products.

Zuckerberg is on his first known visit to South Korea in about 10 years. It comes as part of a tour of Asian countries that includes Japan and India, South Korean media reported.

He was due to meet President Yoon as well as Samsung Electronics Chairman Jay Y. Lee, said a government source with knowledge of the matter, declining to be identified as they were not authorized to speak to media.

Zuckerberg is widely expected to discuss AI chip supply and expanding ecosystems for generative AI during his South Korea visit, as Meta seeks to get generative AI technology into its core social media products and hardware devices this year.

Meta plans to deploy into its data centers this year a new version of a custom chip aimed at supporting its AI push, Reuters reported this month. It also plans to secure about 350,000 H100 graphics processing units from leading AI chipmaker Nvidia by end-year to support the push.



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)
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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.