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Xiaomi reports impressive Q2 2023 results with 147% rurge in adjusted net profit

Ciara Alarcon
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0
Xiaomi reports impressive Q2 2023 results with 147% rurge in adjusted net profit

Xiaomi has announced its unaudited consolidated results for the second quarter of 2023 (2023 Q2). The company’s strategic focus on “dual emphasis on scale and profitability” has paid off, with remarkable growth in both profit and business metrics.

Xiaomi Q

Robust Financial Performance

In Q2 2023, Xiaomi achieved a total revenue of RMB 67.4 billion, representing a significant quarter-on-quarter (QoQ) growth of 13.2%. The standout achievement was the adjusted net profit, which reached RMB 5.1 billion, marking an impressive year-on-year (YoY) growth of 147.0%. This performance exceeded market expectations and marked Xiaomi’s highest quarterly profit since Q4 2021.

Steady Advancement in Key Strategies

Xiaomi’s strategic focus on smartphone premiumization has resulted in notable success. The gross profit margin across all business segments, including smartphones, IoT, and lifestyle products, reached a record high of 21.0%. The company also improved internal efficiency, reduced costs, and optimized inventory management, showcasing its commitment to long-term and sustainable growth.

Smartphone Business Takes the Lead

Despite the global smartphone market’s soft demand, Xiaomi has increased its global market share to 12.9%, with 32.9 million units shipped, according to Canalys. Xiaomi’s smartphone revenue reached RMB 36.6 billion in Q2 2023, with a gross profit margin of 13.3%, setting a new record. The company ranked in the top three in 51 countries and regions globally and in the top five in 61 countries and regions.

Xiaomi’s premium smartphone segment gained momentum, with the Xiaomi MIX Fold 3 achieving record-breaking sales in mainland China. The company’s smartphones priced between RMB 4,000 and RMB 6,000 secured a market share of 12.7%, with an increase of 6.2 percentage points YoY. Additionally, Xiaomi’s smartphones priced at or above RMB 3,000 achieved all-time high sales, with an ASP increase of over 24% YoY in mainland China.

IoT Segment and Interconnectivity

Xiaomi’s IoT and lifestyle products revenue reached RMB 22.3 billion, with a gross profit margin of 17.6%, driven by increased demand and consumption incentives. The number of connected IoT devices on Xiaomi’s AIoT platform reached 654.5 million, with 13.0 million users connecting five or more devices. The Mi Home App’s monthly active users reached 82.9 million in June 2023, showcasing a 17.1% YoY increase.

Thriving Internet Ecosystem

Xiaomi’s global internet user base continued to expand, with MAUs of MIUI reaching 606.0 million globally and 149.3 million in mainland China in June 2023. Internet services revenue reached RMB 7.4 billion, and the gross profit margin for internet services was 74.1%. Advertising revenue reached RMB 5.1 billion, with performance-based and brand advertising achieving new quarterly highs. Gaming revenue reached RMB 1.0 billion, experiencing YoY growth for the eighth consecutive quarter.

Strategic Investment in AI

Xiaomi has been at the forefront of AI development, expanding its AI team to over 3,000 professionals in various AI domains. The company unveiled its 6 billion-parameter self-developed large language model, which ranked first in the C-EVAL and CMMLU lists. Xiaomi plans to focus on “lightweight and local deployment” for its language models, emphasizing efficiency and effectiveness. The company is integrating large language models into its intelligent voice-based AI Assistant (“小愛同學”) and has commenced invitation-based testing.

Continued R&D Investment

In Q2 2023, Xiaomi invested RMB 4.6 billion in research and development (R&D), reflecting a 21.0% YoY increase. Xiaomi anticipates its R&D investment will surpass RMB 100 billion between 2022 and 2026.

Xiaomi’s exceptional Q2 2023 results underscore its commitment to innovation, premiumization, and sustainable growth across its diverse portfolio of products and services.

NBA, vivo forge multi-year marketing partnership in PH

Ciara Alarcon
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0
NBA, vivo forge multi-year marketing partnership in PH

The National Basketball Association (NBA) and vivo have proudly announced an extensive multi-year marketing partnership, marking the return of vivo as the Official Smartphone of the NBA in the Philippines.

This collaborative agreement builds upon a previous successful partnership in the Philippines, where vivo served as an official partner of the Jr. NBA, the NBA’s renowned global youth basketball program, and NBA 3X Philippines, a thrilling 3-on-3 basketball tournament featuring both men’s and women’s teams, complete with interactive fan activities and authentic NBA entertainment.

vivo x NBA ()

Elevating the Fan Experience

Through this strategic alliance, vivo will take on the role of the Presenting Partner of NBA All-Star Voting in the Philippines. This platform empowers fans to cast their votes for the NBA All-Star Game starters through the NBA App and NBA.com. Additionally, vivo will reprise its position as an official partner of NBA 3X Philippines presented by Mountain Dew, an upcoming event anticipated later this year.

Exciting Promotions Await Filipino Fans

As part of the collaboration, vivo has exciting promotions in store for fans in the Philippines, offering them the chance to secure authentic NBA prizes. Beyond this, the NBA and vivo will collaboratively develop engaging content for the NBA’s localized Facebook and TikTok pages in the Philippines.

Mae Dichupa, NBA Philippines Senior Director of Global Marketing Partnerships, expressed her excitement, saying, “We’re thrilled to welcome vivo back to our growing roster of marketing partners in the Philippines and align with a brand that shares our commitment to innovation. Our collaboration with vivo represents an excellent opportunity to elevate the NBA experience across digital, retail, and events, and showcase vivo’s smartphones as a convenient and ideal device for fans to immerse themselves in the excitement of the NBA.”

Fostering Community and Innovation

The partnership also underscores vivo’s dedication to innovation and its recognition of sports as a powerful platform to unite communities and inspire positive change. The collaboration with the NBA provides an avenue for vivo to deepen the connection between its brand and the world of sports.

Basketball fans in the Philippines can also explore and shop for official NBA merchandise at the NBA Stores located at SM Megamall and SM Mall of Asia, as well as online at NBAStore.com.ph.

Meanwhile, for the latest NBA news and updates tailored for fans in the Philippines, visiting www.nba.com, downloading the NBA App, and following the NBA on Facebook, X, and TikTok is the way to go.

Tecno Phantom V Flip specs surfaced on Google Play Console

Ciara Alarcon
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0
Tecno Phantom V Flip specs surfaced on Google Play Console

Tecno is gearing up to take on competitors like the Galaxy Z Flip5 and Moto Razr 40 with its upcoming release, the Phantom V Flip. This foldable smartphone has recently made an appearance on the Google Play Console, revealing some key specifications.

tecno phantom v flip
Image Source: Pricebaba

The Phantom V Flip is set to feature a high-resolution 1080p screen with a pixel density of 480 ppi. This configuration also translates to a substantial unfolded display size, estimated to be around 6.9 inches diagonally. Under the hood, the device is expected to be powered by the MediaTek MT6893Z/CZA chipset, which is likely to be the Dimensity 1300, boasting a robust 3.0 GHz CPU. The smartphone will also offer 8 GB of RAM and will run on the latest Android 13 operating system.

tecno phantom v flip specs
Image Source: Pricebaba

While these specifications are already promising, fans are eagerly waiting to learn more about how Tecno plans to address the cover display. In recent trends, competitors have been enlarging their cover displays. Meanwhile, early reports have suggested that Tecno might incorporate a 1.39-inch OLED screen. The latter may also house a camera ring housing a 64 MP primary camera and a 13 MP ultrawide lens. This setup could provide users with versatile photography options and quick access to notifications.

The device is rumored to be equipped with a 3,900 mAh battery. This should offer a decent runtime for daily tasks. Additionally, it mightsupport fast charging at rates of up to 45W, ensuring that users can quickly recharge their devices when needed.

Stay tuned for more updates on this exciting release.

Source: Pricebaba

HONOR V Purse is the most stylish foldable phone ever

Jam Ancheta
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0
HONOR V Purse is the most stylish foldable phone ever

 

HONOR has just unveiled their newest smartphone and it’s the HONOR V Purse. The smartphone is fashionable from the name itself but it also features a customizable accessories which makes the smartphone look like a purse and it combines the beauty of fashion and tech into a single device.

IMG

The form factor of the HONOR V Purse is similar to the HUAWEI Mate XS that we’ve seen a few years back but this time, they have an AOD style outside the HONOR V Purse and they’ve tapped designers to design the outside display of the smartphone.

IMG

This also comes in vegan leather design too which makes it more fashionable and stylish. HONOR has also promised that the device can withstand up to 400,000 fold cycles

Unfortunately, this device is still a concept so we have no price, specs, and availability yet for this device.

 

Honor Magic V2 debuts globally, no international pricing details yet

Ciara Alarcon
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0
Honor Magic V2 debuts globally, no international pricing details yet

Honor took center stage during the IFA 2023 event in Berlin. Among the highlights was unveiling the V Purse concept, a novel outwards-folding smartphone designed to double as a stylish clutch handbag.

honor magic v launch berlin
Image Source: GSMArena

However, it was the introduction of the Magic V2 foldable smartphone by George Zhao, Honor’s CEO, that garnered the most attention. While the global audience received another glimpse of the phone’s standout features, significant details remained conspicuously absent. Notably, the pricing of the device outside of China was left undisclosed, as was its expected availability date in international markets.

The Magic V2 made its debut in China, boasting the distinction of being the thinnest foldable device and weighing less than some conventional flagship phones. Early impressions of the device, gained during its unveiling in China, left a positive impression. Despite its foldable design, expansive internal screen, and a robust 5,000 Ah battery, the device felt remarkably comfortable in hand.

honor magic v launch
Image Source: GSMArena

Presently, the Magic V2 is exclusively available in China. Honor might follow up this global debut with a comprehensive Magic V2 launch event to clarify its availability details for international markets.

Honor fans worldwide eagerly await further information on the Magic V2’s pricing and when they can expect to get their hands on this foldable device.

Stay tuned for updates as the story unfolds.

Source: GSMArena

Infinix ZERO 30 5G now official

Ciara Alarcon
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0
Infinix ZERO 30 5G now official

Infinix unveiled its latest offering, the ZERO 30 5G smartphone. This mid-range smartphone aims to cater to vloggers and tech enthusiasts alike, with remarkable features and capabilities.

infinix zero g specs price

Stunning Design and Build

The Infinix ZERO 30 5G boasts a stunning design, featuring a curved back panel with IP53 water and dust resistance. It is available in three captivating color options: Golden Hour, Rome Green, and Fantasy Purple.

Immersive Display

On the front, users will find a 6.78-inch 10-bit AMOLED screen with a 144Hz refresh rate and a 360Hz touch sampling rate. The device offers a sharp and vibrant viewing experience with FHD+ resolution and a peak brightness of 950 nits. Additionally, it comes with an eye-care mode that holds a TÜV Rheinland Certification. The display also integrates an In-Display fingerprint reader, ensuring quick and secure unlocking, while its durability is protected by Corning Gorilla Glass.

Powerful Performance

Under the hood, the ZERO 30 5G is driven by a 6nm 2.6GHz Dimensity 8020 octa-core processor paired with a Mali-G77 MC9 GPU. With 12GB of RAM and the innovative Memory Fusion Technology, users can enjoy up to 21GB Extended Memory, coupled with a generous 256GB of internal storage.

Long-Lasting Battery Life

The smartphone packs a hefty 5,000mAh battery with USB-C 68W Super Charge technology, which promises to charge the device from 1 to 80 percent in just 30 minutes. To ensure the device’s performance remains top-notch, it features a Vacuum Chamber Liquid Cooling system.

Outstanding Cameras

The camera setup includes a 108 MP ISOCELL HM6 sensor at the back with an f/1.65 aperture, PDAF focus, and OIS. It is complemented by a 13MP ultra-wide-angle camera and an additional 2MP sensor. For selfie enthusiasts, the device sports a 50MP front-facing camera with PDAF focus, capable of recording 4K UHD videos at 60 frames per second.

infinix zero g

Rich Features and Connectivity

Other notable features include a stereo speaker audio system, WiFi 6, 5G, 4G LTE, NFC, GPS, and dual SIM slots. The smartphone runs on the Android 13 OS with XOS 13 skin and includes an updated Folax voice assistant with ChatGPT integration. Despite its powerful specs, it maintains a slim profile, measuring 164.5 x 75 x 7.9 mm and weighing 185 grams.

Infinix Note 30 5G Key Specs:
  • Display: 6.67-inch 10-bit AMOLED screen with 120Hz refresh rate
  • Android 13 with XOS
  • Processor: 2.6GHz 6nm MediaTek Dimensity 8020 octa-core
  • GPU: Mali-G77 MC9
  • Vacuum Chamber Liquid Cooling system
  • 12GB RAM
  • 256GB internal storage
  • Back Camera: 108MP f/1.75 HM6 sensor with PDAF and OIS, 8MP ultra-wide-angle, 2MP depth sensor, LED flash
  • Selfie Camera: 50MP with PDAF and Dual Micro-slit Flash
  • Connectivity: WiFi 802.11a/b/g/n/ac, 5G, 4G LTE, Bluetooth, FM Radio, NFC, GPS
  • Sensors: Accelerometer, light, orientation, proximity, gyroscope, sound, magnetic
  • Security: In-Display fingerprint sensor, face unlock
  • USB-C
  • Battery: 5,000mAh with 68W Super Charge

Meanwhile, Infinix has yet to announce pricing and availability details, which may vary by region.

Stay tuned for more information on this new smartphone.

Lenovo Legion Go Handheld is what every windows handheld should have been

Jam Ancheta
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0
Lenovo Legion Go Handheld is what every windows handheld should have been

Lenovo has recently announced their Steam Deck and the ASUS ROG Ally competitor and it’s called the Lenovo Legion Go. Unlike any other handhelds out there in the market, the Legion Go has a lot of features including a large 8.8-inch display with QHD+ resolution and 144Hz refresh rate, a detachable controllers that can also be used as a mouse, and of course, a powerful hardware inside.

Lenovo Legion Go Philippines

Lenovo Legion Go Specs

  • AMD Ryzen Z1 Extreme
  • 8.8-inch QHD+ LCD, 144Hz refresh rate, 500 nits, touchscreen
  • 16GB 7500MHz LPDDR5X RAM
  • 256GB/512GB/1TB PCIe 4.0 NVMe M.2 2242 SSD
  • 3.5mm audio combo jack, 2x USB 4.0 Type C, 1x MicroSD card reader
  • Detachable gamepad, Hall-effect joysticks
  • 2x2W Speakers
  • 2×2 WiFi 6E, Bluetooth 5.2
  •  299mm x 131mm x 41mm, 854g
  • Windows 11

The display of the Legion Go is definitely one of the sharpest out there on Windows Handhelds as it comes with a large 8.8-inch QHD+ display which can also give you a better contrast and crispiness.

Lenovo Legion Go Philippines

My personal favorite with the Lenovo Legion Go is the detachable controllers called TrueStrike controllers. You can dock it to the kickstand and then use the controller as a mouse which makes it perfect for FPS games including Call of Duty and Valorant.

Lenovo Legion Go Philippines

There’s a slightly bigger battery too at 49.2Wh and the TGP can go as high as 25W which is on the same level as the ROG Ally but do expect the same battery life on this one. Other cool features from the Legion Go includes a kickstand at the back so you can play anywhere similar to the Nintendo Switch

The Legion Go is expected to come out soon with a starting price of $699

SPOTTED: DOOGEE tablets now available in PH, priced

Ciara Alarcon
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0
SPOTTED: DOOGEE tablets now available in PH, priced

The reemergence of DOOGEE Philippines on social media platforms has taken local tech enthusiasts by surprise, hinting at the brand’s official return to the Philippine market. Now, DOOGEE tablets have made their debut on Lazada, revealing their pricing details and exciting discounts for first buyers.

A Trio of Impressive Tablets

The DOOGEE tablet lineup, comprising the Doogee T10S, Doogee T30 Pro, and Doogee T10, has taken center stage on Lazada’s virtual shelves. These devices promise an array of features that cater to various needs and preferences, making them compelling options for tech-savvy consumers.

In addition to their impressive features, these DOOGEE tablets offer enticing discounts that are sure to turn heads. Let’s delve into the details of each tablet’s specifications and discounted pricing:

dogee

Doogee T10S

  • 10.1-inch IPS FHD Display
  • Android 13
  • 11GB(6GB+5GB) RAM
  • 128GB internal storage
  • 6600mAh battery
  • Discounted Price: Php7,399
  • SRP: Php8,499

t pro

Doogee T30 Pro

  • 11-inch 2.5K display
  • Android 13
  • 15GB (8GB+7GB) RAM
  • 256GB internal storage
  • 8580mAh battery
  • Discounted Price: Php13,499
  • SRP: Php16,599

t

Doogee T10

  • 10.1-inch IPS FHD+ Display
  • Android 12
  • 15GB (8GB+7GB) RAM
  • 128GB internal storage
  • 8300mAh battery
  • Discounted Price: Php8,399
  • SRP: Php9,499

So, are you getting one?

Visit its official store on LazMall to score your device!

Acer Day’s #MakeYourGreenMark Campaign wins 12 Red Dot Awards

Ciara Alarcon
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0
Acer Day’s #MakeYourGreenMark Campaign wins 12 Red Dot Awards

Acer Philippines’ #MakeYourGreenMark campaign garners a prestigious Red Dot Award for Advertising, accompanied by an impressive haul of 11 other accolades in this year’s Brand and Communication Design category. This victory establishes a remarkable milestone for Acer, as it claims the highest number of wins in this renowned competition.

#MakeYourGreenMark

A Breakthrough Campaign for Sustainability

The Acer Day #MakeYourGreenMark campaign stands out for its impactful call to action, weaving Acer’s sustainability message into a tapestry of innovation, corporate social responsibility (CSR) initiatives, and engaging events. This holistic approach has effectively propelled Acer’s mission to promote a greener future.

A Global Movement with Local Impact

At the heart of the campaign, Acer orchestrated a collaboration involving 18 global ambassadors hailing from seven Asia Pacific regions. This united front of advocates powered the #MakeYourGreenMark campaign, amplifying Acer’s message to a vast global audience. The outcome was a trailblazing campaign that not only reshaped the trajectory of worldwide sustainability initiatives but also solidified Acer’s unwavering dedication to a more eco-conscious future.

A Concert That Matters

Acer Philippines played a pivotal role in this success story by orchestrating the “Green Mark” concert, which starred a lineup of renowned Filipino artists. In an innovative twist, fans earned their tickets through eco-friendly acts such as contributions to The Green Earth Heritage Foundation and donations of plastic for The Plastic Flamingo. This event marked a milestone in environmental commitment, uniting fans and artists in support of a greener cause.

A Remarkable Impact

The “Green Mark” concert was a resounding success, drawing an audience of 15,000 both in-person and online. The event’s global reach extended to over 714 million people, leaving a lasting impression. Beyond the concert’s entertainment value, it also yielded tangible results. The campaign raised an impressive amount exceeding Php1 million, earmarked for planting 5,401 trees to aid forest rehabilitation efforts. Additionally, over 20 metric tons of plastic were donated, destined for transformation into sustainable construction materials.

Amplifying Green Initiatives

Acer’s innovative #Acer21DayChallenge played a pivotal role in galvanizing environmental awareness. Supported by Acer and Predator ambassadors such as Sarah Geronimo, SB19, and Alodia Gosiengfiao, this movement gained remarkable traction. Notably, the initiative reached an astounding 6.5 million users in the Philippines. Its resonance was amplified by the viral influence of TikTok, showcasing the power of creative engagement in propelling global efforts toward a greener tomorrow.

Recognizing Excellence in Design and Communication

For nearly three decades, the renowned Red Dot Award: Brands & Communication Design competition has served as a prestigious platform for designers and companies to showcase their projects to a discerning international jury. This competition honors the creativity and achievements of these campaigns and their creators, elevating brands and projects within the global design community.

PLDT Enterprise, Cartrack partner to elevate fleet management with SMART IoT Solutions

Ciara Alarcon
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0
PLDT Enterprise, Cartrack partner to elevate fleet management with SMART IoT Solutions

PLDT Enterprise has joined forces with Cartrack Technologies Philippines Inc. to enhance fleet management capabilities through the power of Internet of Things (IoT) technology.

The successful deployment of PLDT’s Internet of Possibilities (IoP) platform, in conjunction with PLDT’s wireless unit SMART, has catalyzed positive transformations in Cartrack’s operations. This partnership has enabled the global vehicle telematics provider to expand its horizons and provide an elevated level of customer service.

pldt cartrack

Enabling Precision Through IoT

By leveraging the IoP platform, Cartrack gains the ability to utilize thousands of IoT SIMs for its asset and vehicle tracking services. This amplifies the reliability of customer operations by facilitating efficient fleet management and digital vehicle monitoring through robust data connectivity. The implementation of advanced IoT technology has infused agility into Cartrack’s operations, enabling swift deployment and troubleshooting of IoT devices within their vehicles. This approach not only streamlines configuration processes but also optimizes the efficiency of IoT connectivity operations.

Elevating Customer Experience

The integration of these enhancements equips Cartrack with the tools to serve its customers with unmatched effectiveness, ensuring a seamless experience and heightened satisfaction. The partnership with PLDT Enterprise underpins Cartrack’s commitment to deliver a seamless and technologically advanced experience for its clientele.

Jay Sumulong, Head of Smart Internet of Things Category at PLDT Enterprise, underscores the company’s dedication to empowering partners with digital solutions that enhance their operations and enable their transformation journeys. “The IoP platform plays a pivotal role in empowering our customers to effectively manage their mobile assets, make informed decisions, and stay at the forefront of the IoT ecosystem. Its self-troubleshooting capabilities offer scalability, flexibility, and enhanced decision-making capabilities to Cartrack.”

Unlocking Opportunities Through IoT

Cartrack, a leading global provider of on-the-ground operational IoT SaaS cloud solutions, fully embraces the transformative potential of this technology. “With the IoT Portal, we are able to manage and monitor hundreds to thousands of our assets in real time, gather data-based insights to optimize fleet operations, and provide real-time security to our assets and vehicles remotely,” explains Matthew Barry, Country Manager of Cartrack in the Philippines.

Driving Operational Efficiency and Sustainability

Beyond operational efficiency, the IoP platform adheres to sustainable principles, emphasizing responsible resource utilization and waste reduction. This strategic partnership between PLDT Enterprise and Cartrack not only bolsters operational agility but also aligns with both companies’ commitment to sustainability.

Empowering Business Excellence

Through digital transformation and user-friendly tools, Cartrack extends invaluable support to its customers, fostering compliance, cost-cutting efficiencies, and seamless operations. The partnership with PLDT Enterprise ensures seamless and reliable connectivity for Cartrack’s customers. This collaboration empowers businesses to streamline their operations, optimize efficiencies, and stay ahead in their industries, with the assurance that their fleet management and vehicle monitoring needs are met with the highest level of expertise and reliability.

For more information about this groundbreaking collaboration, visit www.cartrack.com.

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