Kantar’s latest smartphone market share report sees Windows Phone dip below 1% in the U.S.

Kantar has released its monthly report on the smartphone market for the three months ending in November 2016, and things continue to look down for Windows Phone. Compared to the same period in 2015, Windows Phone’s share of the market decreased across the board. Perhaps most notably, Windows Phone’s share of the U.S. market in particular dipped below 1%, dropping to a 0.8% share from 2.3% during the same period the year prior.

Kantar reports that the biggest drops occurred in Great Britain and Italy, which saw declines of 7% and 5.2%, respectively. Meanwhile the 5 European countries tallied together ended up seeing an overall decrease of 4.1% compared to the same period a year ago.

Windows Phone has been on a steady decline for a while now, and that’s likely to continue as Microsoft winds down its Lumia production and switches focus to whatever the next big thing could be.

If you’re interested in more, you can check out Kantar’s full report, and let us know your thoughts in the comments!

 

 

[Source:- Windowscentral]

India sees long bank queues as rupee deadline passes

Old 500 rupee notes

There have been long queues outside many banks in India as people tried to deposit discontinued banknotes ahead of a deadline that has now passed.

An estimated 40% of cash dispensers are empty, meaning people are unable to withdraw new notes to replace the old ones they have handed in.

There has been widespread disruption since Prime Minister Narendra Modi said in November that 500 and 1,000 rupee notes would no longer be legal.

The move as meant to curb corruption.

It has divided opinion, especially over how the ban was implemented.

Early last month the government scrapped the 500 and 1000 rupee notes to crack down on undeclared money and fake cash.

Some people, including those of Indian origin living abroad, will be able to exchange the notes in branches of India’s central bank until 31 March 2017 – but the process will be more complicated than going to a regular bank.

Parliament is preparing laws that will make it a criminal offence to hold the old notes from 1 April 2017 onwards.

Together the two notes represented 86% of the currency in circulation and there have been chaotic scenes in India ever since, with people having to spend hours queuing outside banks and cash machines which have been running out of money.

ATM queues and cash withdrawal limits mean getting currency can still be tricky, and there have been several changes of the rules around how much money people can access or deposit.

The government hopes the measures will encourage more people to have bank accounts and move towards a society less reliant on cash.

But there are concerns that many poorer people and those in rural areas have yet to get bank accounts.

Local firms which allow people to make digital payments both online and in shops have reported a surge in transactions as people look for cashless alternatives.

The government says the move has been a success with the banks flush with cash and significant increases in tax collection.

But critics argue the move has failed to root out corruption and unearth illegal cash, since most of the money in circulation has been put back into the financial system. Instead, they say, the economy which was growing at a rapid pace, has slowed down significantly.

 

 
[Source:- BBC]

 

China sees industrial profits grow at start of 2016

China's Premier Li Keqiang

China’s industrial profits returned to growth in the first two months of 2016, partly due to a recovery in the property market despite an otherwise struggling economy.

Profits earned by Chinese industrial firms in January and February combined rose 4.8% from a year earlier, totalling 780.7bn yuan (£84bn) in the two-month period, according to the National Bureau of Statistics (NBS).

That compared with an annual fall of 4.7% in December 2015, which was the seventh straight month of decline.

“The recovery in property investment has helped industrial profits return to positive growth,” said Zhang Wenlang, an analyst at CITIC Securities. “Looking forward, industrial profits are likely to grow this year thanks to improved household consumption, a recovery in property investment and a halt in the slump in commodity prices.”

China’s real estate investment rose 3% in the first two months of 2016 in year-on-year terms, quickening from an increase of 1% in the full year of 2015.

The positive trend was also driven by quicker product sales of industrial firms and a slower decline in industrial producer prices, said NBS. The oil processing, electrical machinery and food sectors also contributed significantly to the growth in profits, it added, saying the sectors benefited from lower oil prices.

China’s premier Li Keqiang said last week that the country has enough policy tools to keep the economy stable despite “deep rooted” structural problems and downward pressure.

Chinese leaders have set an economic growth target of 6.5% to 7%for this year, introducing a range rather than a more precise target as it seeks greater flexibility in juggling growth, job creation and restructuring of a host of “zombie companies” in bloated industries.

[Source:- Gurdian]