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Huawei overtakes Apple as the second-largest smartphone seller

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That 13.3 percent market share is up from the 9.8 percent market share that Huawei had in the second quarter of 2017, and Apple’s 11.9 percent market share is down from the 12.1 percent market share from last year — even if only slightly down.



Of course, it’s likely Apple will regain its spot in the third quarter, especially considering the fact that the company is expected to release as many as three iPhones in September. Still, that doesn’t take away from the fact that Apple is facing increased competition from Chinese manufacturers like Huawei, which is forcing Apple to rethink the iPhone and deliver new features in an effort to convince existing customers to upgrade to new models, and others to think about switching to the iPhone. According to Gartner, demand for the iPhone X, Apple’s flagship iPhone, has slowed down much earlier than previous new iPhone models.

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After Samsung, Huawei, and Apple, the likes of Xiaomi and Oppo take the fourth and fifth spots, respectively, further highlighting the competition that Apple and Samsung face from Chinese smartphone brands. Xiaomi, in particular, made notable growth. While the company sold around 21 million units in the second quarter of 2017, in 2018’s second quarter, it managed to increase that to almost 33 million units, snapping up 8.8 percent of the smartphone sales market share in the process.

It’s no surprise that Samsung held on to the top spot, but its sales did slow a little. While the company held 19.3 percent of the market share, that is down quite a bit from the 22.6 percent of the market share that it had in the second quarter of 2017.

Gartner also reported on the smartphone operating system market share. According to the report, Android extended its lead over iOS with 88 percent of the smartphone market share, up from 87.8 percent in the second quarter of 2017. iOS held 11.9 percent, while everything else went down from 0.1 percent to 0.0 percent, reflecting the dominance of the big two operating systems.

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24 Hours Across Africa

Elizabeth Warren, targets prospective plan to stop ‘looting’ of U.S. companies

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U.S. Democratic presidential hopeful Elizabeth Warren on Thursday called for an overhaul of the private-equity industry as part of a new proposal targeting Wall Street.

“We need to shut down the Wall Street giveaways and rein in the financial industry so it stops sucking money out of the rest of the economy,” Warren said in a post on Medium.com announcing her proposal.

Warren and a group of Democrats also filed legislation on Thursday to implement the policy that the Massachusetts senator proposed through her campaign.

Warren, a relentless critic of the financial industry for much of her career, is one of more than two dozen candidates vying for the Democratic nomination to challenge Republican President Donald Trump in the November 2020 election.

She has distinguished herself in the crowded field by releasing reams of policy proposals.

The legislation, titled the Stop Wall Street Looting Act was filed in both the U.S. House of Representatives and Senate.

Senator Kirsten Gillibrand, who also is running for president, is a co-sponsor with Warren but no Republicans joined in sponsoring the bill.

The proposal was greeted with opposition from industry and business groups, who would undoubtedly fight efforts to enact the legislation.

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24 Hours Across Africa

EU to probe Amazon over use of merchant data

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Amazon became the target of an antitrust investigation by the European Union on Wednesday over its use of merchants’ data, underlining the increasing regulatory scrutiny about how tech companies exploit customers’ information.

The European Commission has been seeking feedback from retailers and manufacturers since September into Amazon’s dual role as a marketplace for merchants and acting as a competitor following complaints from traders about Amazon’s practices.

The Commission said its investigation would focus on Amazon’s standard agreements with marketplace sellers and its use of data in choosing winners of the “buy box”, which allows consumers to add items from a specific retailer directly to their shopping carts.

European Competition Commissioner Margrethe Vestager, who can fine companies up to 10% of their global turnover, said the issue was crucial as more and more Europeans shop online.

“E-commerce has boosted retail competition and brought more choice and better prices. We need to ensure that large online platforms don’t eliminate these benefits through anti-competitive behavior,” she said.

Amazon said it would cooperate fully with the EU investigation. The company reached a deal with Germany’s antitrust authority on Wednesday to overhaul its terms of service for third-party merchants.

Under its terms of service for Europe here set out on its website, merchants grant Amazon “royalty-free” rights to use in a range of ways their materials, such as technology, trademarks, content and product information.

“There have been concerns around the world that competition authorities have failed to appreciate the market power that comes from ownership of data,” he said.

In Amazon’s case, he said the Commission needed to show “the standard agreements with retailers were anti-competitive in somehow allowing Amazon to use the data to manipulate market outcomes, or that Amazon had in some way abused its dominance.”

The Commission had been struggling to define the market in which Amazon operates in order to identify where the competitive harm could have been, sources said.

This would not be Amazon’s first run-in with the Commission. Two years ago, it was told to pay back taxes of about 250 million euros ($280 million) to Luxembourg because of illegal tax benefits. That same year it settled with the regulator over its distribution deals with e-book publishers in Europe.

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