Search Results | mobile

Stop the “Chindia” Talk

By almost any measure – GDP, life expectancy, literacy, exports and more – India has fallen far behind China since 1978 T.N. Ninan The debate in a small group earlier this week was about how far India is behind China.

The quick numbers tossed out varied all the way from 10 to 25 years and more. Figuring out the gap between the two “rising giants of Asia” is in fact an instructive study. For instance, China’s GDP in 2011 was $6.99 trillion, or nearly four times India’s $1.84 trillion. If the Indian economy were to grow at an annual average of 7.8 per cent (the rate for the past decade), it would take 18 years to get to China’s current size. If growth were to accelerate to nine per cent, it would still take 15 years. Could India have avoided falling so far behind China? After all, when China began its Four Modernisations in 1978, the two economies were of roughly the same size ($145-148 billion). Even in 1991, when India began its reforms, China’s economy was only 40 per cent bigger than India’s $268 billion.

The answer is that, in many ways, India in 1991 was already two decades and more behind China on key indicators, and it has not closed the gap. For instance, China’s literacy rate in 1991 was 78 per cent, whereas India’s was just 52 per cent. Even today, India’s literacy rate, at 74 per cent, is short of where China’s was in 1991; meanwhile, China has moved ahead to 94 per cent literacy. Ditto with life expectancy; China’s in 1991 was 70 years.

Twenty years later, India had a tally of only 64 years. Of course, China’s life expectancy has improved slowly in the last two decades, and is at 73; still, it will take India two decades and more to get to that figure.  Some seemingly large gaps might be closed more quickly.

Thus, China’s goods exports are about six times India’s. However, India’s exports have multiplied nearly seven-fold in the last decade (from $43.8 billion to an expected $300 billion this year), so it could conceivably replicate China’s current export figure in less than 10 years. No such hope can be applied to industry, where too China’s is more than six times India’s. Move to research, and China has a citation index that is twice as good as India’s. In the space programme, China sent its first man into space in 2003; India hopes to do it in 2015, but is likely to take longer. As for infrastructure, China has more than 30,000 km of expressways on which traffic speeds go up to 120 kmph; India has a few hundred kilometres. China has a whole inter-city network of high-speed trains, five times as many Internet users, and nearly a million MW of power generation capacity. India has only fractionally increased its train speeds since the first Rajdhani Express of 1969, and even if the country doubles power generation capacity every decade, starting from 150,000 MW in 2010, it will take more than a quarter century to get to where China is today. As for agriculture, China applies fully three times the fertiliser per arable hectare that India does.

The smallest gap is in the mobile phone population. And the largest gap perhaps in the quality of political leadership — China is able to produce a new crop of top-rung leaders every decade, in Beijing and in the provinces and large cities, whereas India’s political parties offer little beyond an upper crust. China’s project execution is of course in a league of its own. As for sport, India got one gold medal in the last Olympics, China got 51.

The cold message to all Indians: stop talking of the two countries in the same breath, and dump the “Chindia” coinage. For why does India not bracket itself with Iran, whose economic size in relation to India (1:4) is broadly the same as India’s to China?    

More:
Stop the “Chindia” Talk

Posted in China, Economics, India0 Comments

Samsung Earnings Beat Expectations Even As Legal Battle With Apple Weighs On Company

Samsung Earnings Beat Expectations Even As Legal Battle With Apple Weighs On Company

SEOUL, South Korea (AP) — Samsung Electronics Co. reported a 17 percent jump in fourth quarter profit on the strength of sales in flat panels and smartphones even as the company battled claims it had copied Apple’s iPhone.

Samsung said Friday in a regulatory filing that its net profit reached 4 trillion won ($3.5 billion) in the three months that ended in December.

The company earned 3.4 trillion won in the same quarter a year earlier.

The Suwon, South Korea-based company said its operating profit jumped 75.8 percent to 5.3 trillion won in the fourth quarter.

The figure was closely in line with the company’s estimate earlier this month of a 73 percent rise.

Samsung, the world’s biggest manufacturer of memory chips and liquid crystal displays, said demand for semiconductors in mobile products and servers remained solid despite weakness in personal computers, which face stiff competition from the rising popularity of tablets.

Samsung has over the decades grown into a key global manufacturer of components that let PCs, digital music players and handsets store data and display it on flat, high-resolution screens.

The company has recently been stepping up its challenge against Apple Inc. in the global smartphone business, releasing models such as the Galaxy S II. Cupertino, California-based Apple, which spurred the smartphone boom with the launch of its iPhone in 2007, has accused Samsung of “slavishly” copying its smartphone and iPad in design, user interface and packaging. Apple sued Samsung in April last year in the United States.

The legal battle has now spilled into 10 countries, according to Samsung officials. Court rulings so far have tended to side with Apple.

The quarterly profit brought the 2011 net profit to 13.7 trillion won, down 15 percent from the previous year, Samsung said. “If profit in handsets continues to stream in, this year will also likely be a solid one for Samsung,” said Jae Lee, an analyst at Daiwa Securities in Seoul. “The biggest threat would be if the global economy worsens.” Lee said legal battles with Apple would start weighing less on Samsung this year as the South Korean company is expected to release models with new designs. Please follow Money Game on Twitter and Facebook . Join the conversation about this story » See Also: UBS: If You Exclude Apple, Then This Earnings Season Sucks Here Are The Key Market Moving Events For Tuesday, January 24 Chemical Giant DuPont’s Q4 Earnings Decline Less Than Expected, Strength In Performance Chemicals

The rest is here:
Samsung Earnings Beat Expectations Even As Legal Battle With Apple Weighs On Company

Posted in Tech0 Comments

AT&T seeks FCC’s approval for spectrum transfer to T-Mobile

AT&T seeks FCC’s approval for spectrum transfer to T-Mobile

AT&T seeks FCC’s approval for spectrum transfer to T-Mobile

In a formal request to the US Federal Communications Commission (FCC), AT&T and T-Mobile have sought the commission approval for the transfer of $1 billion in wireless spectrum which AT&T had promised to T-Mobile in case the proposed move to merge the two carriers failed to materialize.

read more

Posted in India0 Comments

Nokia to invest Rs 250 cr to revamp India business

Nokia to invest Rs 250 cr to revamp India business

Mobile handset market leader Nokia, with manufacturing facility in an SEZ near Chennai, plans to revamp its business in India by infusing fresh investment of Rs 250 crore in the next three years, with potential to create 500 new jobs.

Continued here:
Nokia to invest Rs 250 cr to revamp India business

Posted in India0 Comments

Sale Time at AirAsia! Save 20% on bookings before 26 April 2012!

Sale Time at AirAsia! Save 20% on bookings before 26 April 2012!

Just thought i’d let you know, it’s on now! If you want to get the best airfares around Asia, and even long haul flights to destinations in Europe or Australia, AirAsia are now having their ‘Awesome 20% Sale’ on all flights operating on over 165 routes. AirAsia have begun their 20% off sale – Applicable on all flights on all routes! The sale begins today (January 11, 2012) and ends on January 13.

The three day sale is available on travel on any immediate flight departing between the 30 th  of January and the 26 th  of April 2012. For those planning a long haul vacation, the 20% offer includes thecomfy premium fly flat beds on flights to New Zealand, Japan, Australia, China, India, Taiwan, Europe and Korea. Long haul AirAsiaX flights, which feature the cheapest bed in the sky, are also included in the Awesome 20% Sale.

Thai AirAsia chief Tassapon Bijleveld said that it highlighted the budget carrier’s commitment to giving more passengers the chance to take off by providing low fares. “AirAsia is showing our commitment to providing low fares by offering this ‘Awesome 20% Sale’ throughout both AirAsia and AirAsia X’s route network. Now guests will be able to connect to more than 80 destinations in 23 countries. Apart from affordable air travel, this promotion will also allow people to travel immediately while enjoying even lower fares to any of the over 165 destinations that AirAsia and AirAsiaX fly to. ” But it’s not just in the sky where savings are to be made, but also on the ground.  The low-cost group’s holiday division, AirAsiaGo, is also offering a 10% discount on selected destinations for bookings made between 11 and 13 January.

The travel period for this promotion is also from 30 January – 26 April 2012.

To make holidays more interesting and memorable, guests may log on to airasiago.com to be able to mix and match their preferred tour and activities, apart from affordable holiday packages and lodging.

Together with the partnership with Expedia, the travel portal has 130,000 hotel partners around the world. Guests are also able to enjoy the ‘Awesome 20% Sale’ via AirAsia’s mobile apps on Blackberry, iPhone and Android devices, or via mobile.airasia.com on WAP enabled phones.

The discounted fares can also be purchased through our flight search engine – visit http://flights.thaitravelnews.net  Related Video

Go here to read the rest:
Sale Time at AirAsia! Save 20% on bookings before 26 April 2012!

Posted in Travel0 Comments

So How’s That "Bet On Android" Thing Working Out For You? (GOOG)

So How’s That "Bet On Android" Thing Working Out For You? (GOOG)

Two big Android handset makers had terrible quarters. HTC announced a 26% drop in profit from the previous year — its first such drop in two years — and Motorola warned that it would have only modest profits on smaller-than-expected revenue. But more important, both companies saw mobile phone unit sales drop from the previous quarter. HTC sold only 10 million units in the last three months of the year, down from 13.2 million in Q3, reports Bloomberg . And Motorola sold only 10.5 million, down from 11.6 million in the previous quarter (although smartphone sales were up slightly).

That’s exactly the opposite of what happens with most successful consumer products, where the holiday quarter is usually the biggest of the year.

Samsung , perhaps not wanting to be tarred with the same brush, pre-announced a fantastic quarter : it will earn $4.5 billion in operating profit, which is about 10% than analysts expected (according to Reuters ), and 22% higher than Q3. A lot of reports credited the strength to Samsung’s smartphone business.

That’s reasonable — Samsung passed Apple last quarter as the number-one smartphone maker in the world according to one estimate, and analysts are expecting big growth. But Samsung itself said nothing about smartphone sales in its note. Every report citing Samsung smartphone sales in Q4 are estimates from analysts. Guesses, if you will. But let’s assume that the Android market has one big winner — Samsung — and a lot of smaller players at the margin. Either way, the business of being an Android reseller is starting to look a lot like the traditional PC business.

Some hardware makers do great, others don’t, and the players change from year to year. But the big winner is always the platform provider.           Please follow SAI on Twitter and Facebook . Join the conversation about this story » See Also: UH-OH: The Company That Google Just Paid $12.5 Billion For Had An Awful Holiday Google Goes On The Offensive In Oracle Fight THE GOOGLE INVESTOR: Does The Weak European Ad Market Suggest A Google Miss?

View post:
So How’s That "Bet On Android" Thing Working Out For You? (GOOG)

Posted in Tech0 Comments

THE APPLE INVESTOR: 2012 Will Usher In A New Era For Apple (AAPL)

THE APPLE INVESTOR: 2012 Will Usher In A New Era For Apple (AAPL)

The Apple Investor is a daily report from SAI.

Sign up here to receive it by email . AAPL Still Battling XOM For Market Cap King Last week was good to Apple, which closed above $400 for the first time since early November. But the stock gained little ground in its running battle with Exxon Mobil for the market cap championship, as the rise in crude prices has pushed the oil giant up as well. Catalysts for Apple include iPhone upgrade cycles and adoption; update to the iPad in early 2012; continued market share growth of the Mac business line; penetration in China and emerging markets; the evolution and potential re-conception of Apple TV ; and platforms such as Siri, mobile advertising (iAd), books and publishing, gaming, mapping and social ( Ping ).

Shares of Apple trade at 8.9x Enterprise Value / Trailing Twelve Months Free Cash Flow (including long-term marketable securities). Will Apple Make The Perfect TV While Google TV Continues To Disappoint? (The Perfection Paradox) The single biggest reason Google TV didn’t work was it didn’t solve any of the biggest shortcomings of our living room television viewing experience. Apple, meanwhile, will approach the market with the aim of making TV simple again, by making the “perfect” TV. Henry Blodget at Business Insider says that TV users just want to press “on” and watch what they want to watch .

That’s it.

Steve Jobs probably figured out how to allow TV users to press “on” and then say, “The Jets game,” or “Addams Family” or “The next Sopranos episode” or “our Hawaii vacation videos” and have the TV just play them. If Apple can do that, they will have a massive hit. iOS Mobile Devices Accounted For Over 90% Of December Mobile Retail Sales (RichRelevance) iPads and iPhones accounted for over 92% of online retail sales not originating from a desktop device for December, according to RichRelevance, easily beating out Android .

Shoppers on Apple devices were also willing to spend more, with an average order value of $123 versus Android’s $101 (that’s 19% more). Mobile shopping is still a drop in the bucket compared to desktop shopping, with just 3.7% of total online retail dollars spent in the U.S. Goes to show that the browsing experience is key to mobile commerce. Why Isn’t Safari Growing Like Chrome? ( TechCrunch ) Remember Safari ? While Google’s Chrome has skyrocketed from obscurity in 2008 to over 25% last month, Apple’s web browser lingers somewhere between 5-8%. But Why? Windows ? But Safari has actually been available for Windows quite a bit longer than Chrome has been.

Speed? Chrome is know for being the fastest browser available in terms of both page rendering and JavaScript performance. Promotion? Or lack thereof. Google does quite a bit of promotion for its browser. However, Safari being bundled by default with iTunes should have helped it gain massive Windows market share. Extensions? Safari has had them as well since mid-2010.

That said, Chrome’s extensions are better and much more plentiful. Neglect? Apple is more inclined to throw resources at native work rather than web work. Of course, this could all change if devices like the iPad really are the future of general purpose computing. A New Era Is Coming For Apple In 2012 (paidContent) Apple will remain the most compelling story in tech not just because of the iPhone and its cousin, the iPad, but because of the immense pressure on CEO Tim Cook and Apple’s management team to live up to the standard set by a legend.

This quarter will be the first full quarter that Cook and his lieutenants will have been in charge of Apple. And the company has never been stronger, and Cook has been auditioning for this job for several years.

The company could make or break mobile payments this year and revolutionize the way we watch TV. It’s hard to imagine Apple losing steam in 2012. Get Ready For Apple’s Monster Quarter, And The Stock To Soar (Seeking Alpha) Apple is unique among America’s mega caps due to the company’s ongoing rates of revenue and earnings growth.

That said, the rate of Apple’s share price appreciation has fallen behind the rate of earnings growth over the past four quarters. Despite the 83% growth in earnings per share in fiscal 2011, at Apple’s closing price of $403.33 last week, the share price has risen only 25% year-over-year.

There’s a disconnect between the perceived limits to Apple’s continuing strong growth and the reality of the company’s potential for growth. Please follow SAI on Twitter and Facebook . Join the conversation about this story » See Also: Here’s Why The Apple TV Might Be Awesome And Google TV Will Continue To Suck…

THE MICROSOFT INVESTOR: Stagnant Shares Are No Reason To Ignore In Microsoft THE GOOGLE INVESTOR: Why Google+ Is Now A Must For Businesses

See the original post here:
THE APPLE INVESTOR: 2012 Will Usher In A New Era For Apple (AAPL)

Posted in Tech0 Comments

Bharti, Reliance Industries end talks on insurance JVs deal

Bharti, Reliance Industries end talks on insurance JVs deal

Mumbai: Reliance Industries has mutually agreed to end negotiations with Bharti Enterprises to buy its stakes in two insurance joint ventures with France’s AXA, the two companies said on Friday.

Continue Reading

Posted in Business, Companies, Headline, India, News1 Comment

Join Us

Your Business on SNN

Travel

Etihad airways