Friday, April 20, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
ZTE's Nubia Red Gaming Phone Released
LG Display's OLED Smartphone Screens Still Not Ready For Apple
Nintendo Labo Kits Now Available
June's VLSI Symposium Focuses on Next Generation Transistor Technology and MRAM
Samsung Not Interested in Nokia's Health Unit
ZTE Says Company's Survival at Risk
2nd Generation AMD Ryzen Desktop Processors Arrive to Offer Great Value
Lenovo Unveils New moto g6 and moto e5 Smartphones
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Siemens...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, June 06, 2005
Siemens Finds Mobile Partner

Siemens has possibly found a partner in the mobile industry, after a period of heavy losses in its mobile phones section. The joint venture between Siemens Mobile and Taiwanese BenQ is not far away, according to sources.

Siemens said in April that it planned to spin off and sell a majority stake in its cell phone unit amid declining sales and losses, including euro138 million (US$169.6 million) in the second quarter.

BenQ has not yet made any comment on the joint venture plans.

Other likely partners for Siemens could include Motorola Inc. and South Korea's LG Electronics Inc. and Samsung Corp.

Dan Bieler, an analyst with London's Ovum, said the meeting was a sign that some solution could be in the offing, but questioned whether any joint venture would bring Siemens back from the brink.

"In our view, the chance for Siemens Mobile lies in targeting the low-end segment. This might not be the most fashionable area to operate in, but might prove more profitable than past attempts to serve the fickle and rapidly changing tastes of high-end users," he said.

Low-end models favor function over flash and have been viewed as the best market for phone makers, given the sheer number of subscribers in Africa, the Middle East and places like India where consumers don't have the means to buy high-end models.

BenQ is Taiwan's biggest maker of mobile phones, selling them under its own name in China. It also manufactures phones for Motorola and NEC Corp. The company was spun off from electronics company Acer Inc. in 2001.

Beiler said that Siemens would probably have more to gain if it took a minority stake in any joint venture, but the problem is lack of demand for its handsets.

"Over recent quarters, it has been the Koreans and the Chinese that have been instrumental in changing the handset market in terms of design and model-lifecycles -- although Motorola has managed to make itself felt again recently," he said. "To effectively overcome its 'handset crisis,' Siemens should realize that its core strength is technology and not design or brand."

Almost 60% of BenQ's current earnings come from products addressed for other companies. With its cooperation with Siemens in the mobile phone industry, the company expects to gain higher margins and be ready to compete with Chinese mobile rival manufacturers.

Microsoft Delivers NVIDIA PureVideo HD Support in Windows XP Update        All News        Canada makes molecular transistor
BenQ to take over Siemens Mobile Phone     Mobiles News      BenQ Get Licenses to Sell in China

Get RSS feed Easy Print E-Mail this Message

Related News
BenQ's True 4K UHD HDR Home Cinema Projector Debuts at Less Than $2000
BenQ Professional Designer Monitor Promises Individually Factory-Calibrated Color Precision
New BenQ SW320 Flagship Photographer Monitor Released
New BenQ Projector Supports 5-GHz WHDI Technology
Samsung May Delay Galaxy S4 Due To Panel Manufacturing Issues
LG Optimus G LTE Smartphone Shipping Next Month
Ericsson Set To Buy Nokia Siemens: report
New Quad-core LG Smartphone Coming In September
Samsung Says External Source Caused Galaxy S III Fire
Galaxy Chat To Hit European Shelves This Month
Samsung Expects To Sell 10 mln Galaxy S3 Smartphones By End of July
Weak Supply Of HD Displays Will Limit Shipments Of High-end Smartphones

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .