Business and Money Tips

If you are like most people, you probably used Nokia, Motorola and Ericsson phones 10 years ago. Some five years ago, you started to use smartphones and your brands have shifted to Apple, Samsung, LG, HTC and Sony. But your next phone could be a China brand starting with these letters: O, V, H, X and 1. Time for you to get familiar with these names: Oppo, Vivo, OnePlus, Huawei or Xiaomi. Of course, iPhone users don't care and will continue to use iPhones. But Android guys are starting to switch away from Samsung, LG and Sony. Just look at the declining sales of these top 3 companies in 2016 and you'll know what I'm talking about. (Samsung Galaxy S7 is an exception, but Samsung's market share has declined from 33% in 2013 to 22% now). Essentially, Chinese manufactures like OnePlus, Oppo, Xiaomi, Huawei, Vivo are now making some of the best phones on the market. They are seeing high growth rates unseen by other players. For example, Oppo saw 79% growth in sales in first...