As the week comes to a close, here's a recap of the hottest tech news of the week. Chinese smartphone brands have further strengthened their dominance over the global smartphone market. According to a report by research firm Counterpoint, global smartphone shipments grew 3% year-on-year in Q2 2017 with Chinese brands now garnering a record 48% smartphone market share worldwide.
While Samsung and Apple continue to hold their positions as number one and two respectively, a large number of companies in the following eight are from China. Xiaomi emerged as the fastest-growing brand year-on-year. Huawei, Oppo and Vivo hold the third, fourth and fifth spots respectively in the global smartphone market. All these three Chinese companies reported impressive growth in emerging markets.
Moving on, Canadian smartphone maker BlackBerry has launched its flagship handset, BlackBerry KEYone Limited Edition Black in India. Manufactured by Optiemus, the smartphone is priced at Rs 39,990 and will be available exclusively on Amazon India's website, starting August 8. The India variant of the KEYone is the first BlackBerry device to sport dual-SIM cards. The BlackBerry KEYone Limited Edition Black has a 4.5-inch scratch resistant IPS display with full-HD resolution. The Android 7.1 Nougat-based smartphone is powered by Qualcomm Snapdragon 625 processor, clubbed with 4GB RAM. It comes with 64GB inbuilt storage, which can be expanded via a microSD card up to 2TB. The BlackBerry KEYone Limited Edition Black is powered by a 3505mAh non-removable battery and sports a 12MP rear camera along with an 8MP front facing snapper for imaging duties.
In another major news of the week, online retailer Snapdeal decided to terminate all strategic discussions for merger with its bigger rival Flipkart. The company has for now decided to stay independent. This brings an end to months of deal talks between the two companies. Snapdeal's largest investor SoftBank, which had been orchestrating the sale in a cut-price deal said it respects the decision made by its investee company and looks forward to the results of the Snapdeal 2.0 strategy.
Going forward, Indian IT major Infosys has signed a definitive agreement to acquire Brilliant Basics, a London-based product design and customer experience (CX) innovator. The company is known for its world-class design thinking-led approach and experience in executing global programmes. This acquisition will help Infosys expand its network of digital studios. With Infosys Digital Studios spanning the globe, the addition of Brilliant Basics will enhance the company's expertise in financial services, retail and telecom sectors across Europe and the Middle East. The acquisition is expected to close during the second quarter of fiscal 2018, subject to customary closing conditions.
Last but not the least, Chinese smartphone brand Xiaomi has become the world's largest wearables vendor for the first time ever, overtaking Fitbit and Apple. According to research analytics company Strategy Analytics, Xiaomi now has 17% market share and has shipped 3.7 million wearables worldwide in Q2 2017. This is a 23% annual rise from 3.0 million units in Q2 2016.
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