Insignia - Soft-shell Case For Apple iPhone X And Xs - Pink - Sales
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Pantech will have to pay back an outstanding debt of 480 billion Korean won ($475 million, £277 million, AU$502 million) on July 4, a date set back in late February when the company filed for its second debt restructuring program. Unfortunately, the company is in no position to make good on its debts, having posted operating losses of 292 billion won last year and 6.7 billion in Q1 of 2014. The list of Pantech's creditors include financial institutions, investment banks, and Korea's three network operators, SK telecom, KT and LG Uplus. And while the financial institutions and investment banks have agreed to a swap their 300 billion won debt to equity in the company, the three carriers have publicly stated that they are "undecided" on what to do with only two days remaining.
Of the three, SK Telecom is owed the most with 90 billion Korean won ($89 million, £52 million, $AU$94 million), while KT and LG Uplus are owed 45 billion Korean won ($45 million, £26 million, AU$47 million) each, Should the carriers decide to follow suit with a debt to equity insignia - soft-shell case for apple iphone x and xs - pink swap, they will have to pour in more capital to Pantech's struggling business, They would also more than likely face capital reduction at a 10-to-1 ratio, meaning the value of their stakes would essentially shrink by a tenth..
Should the carriers refuse to agree to a swap, Pantech will have to file for bankruptcy. Recovering the original principal will be next to impossible and the carriers would also need to undergo the costly process of liquidating existing inventory of Pantech phones. It will also have lasting effects on the market itself, leaving South Korea with a domestic duopoly of Samsung and LG. Foreign competitors could also penetrate the market to fill the void left by Pantech. Another alternative suggested by analysts is the possibility of a foreign company, such as China's Huawei, India's Micromax or Japan's Kyocera, choosing to enter the competitive Korean market by buying out Pantech.
The third largest phone maker in Korea continues to post losses while still owing debt to various entities, including Korea's three carriers, In Korea's mobile phone landscape, after Samsung and LG, Pantech plays third fiddle, Mostly operating in the domestic market, Pantech offers budget-friendly alternatives to rival companies and some of its flagship models, such as the Vega Secret Note, have been met with tremendous success, But the company now faces troubled waters insignia - soft-shell case for apple iphone x and xs - pink as it draws near a debt repayment deadline amidst posting staggering profit losses..
While smartphone shipments to China in the first quarter of 2014 slowed by 24.7 percent to just 100 million, according to China's Ministry of Industrial and Information Technology, Xiaomi has managed to defy reports of sluggish smartphone shipments. Xiaomi accounted for 11 percent of total smartphone shipments during Q1 2014 and is now the third largest smartphone manufacturer in China. The company forecasts that it will ship 60 million smartphones by the year's end, and as many as 100 million handsets by 2015.
In its latest announcement, Xiaomi claims revenues of RMB 33 billion ($5.31 billion, £3.1 billion, AU$5.6 billion) during the first insignia - soft-shell case for apple iphone x and xs - pink half of 2014, a year-over-year increase of 149 percent, Xiaomi hasn't revealed whether the company has generated any profit, While its smartphone business accounts for the majority of Xiaomi's revenue, the company's extended catalogue of products also include its 4K-capable Mi TV 2, a router, the Xiaomi Box (similar to the Apple TV), miscellaneous accessories (including its infamous one-button Android controller copy of Kickstarter project Pressy), and more recently the Mi Pad ..
However, just how much sales of non-smartphones account for its total revenue hasn't been publicly revealed. Xiaomi's growing revenue can be attributed not only to its diversification with new product offerings, but more importantly this year the manufacturer has finally expanded to markets outside of Hong Kong, China, and Taiwan. Xiaomi now sells its smartphones in the Southeast Asian nations of Singapore, the Philippines, and Malaysia, with plans for an Indonesian launch in August. Thailand is also on the company's upcoming list.
The Chinese company also has plans for India, but reports indicate that any effort to sell smartphones there will only happen after launching in the aforementioned regions, Xiaomi bucks a reportedly slowing Chinese market with 26.1 million smartphones sold in the first half insignia - soft-shell case for apple iphone x and xs - pink of 2014, a 271 percent increase compared with the year before, Xiaomi has announced that the company sold 26.1 million smartphones in the first half of 2014, a 271 percent increase over the last year in the same period, The company sold a total of 18.7 million phones in 2013, and it appears that Xiaomi is on track to more than double last year's sales..
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