Smartphones

VinSmart will manufacture the phones in collaboration with chipmaker Qualcomm.

Huawei and Honor are absent from the list of early adopters of the chip.

Xiaomi, Huawei, and Oppo currently take nearly 66% of the country’s mobile market share.

The company’s IoT business also showed promising signs of recovery following a slowdown due to the pandemic.

Oppo’s latest release follows Xiaomi’s wraparound display and Huawei’s foldable display.

Startups that have received letters from CCI include Paytm, Zomato, PhonePe, UpGrad, Dream11, GOQii, Razorpay, and Matrimony.com.

Problems with the new mandatory IMEI registration system have caused smartphone makers to halt production and sales of new devices.

Tim Cook expressed confidence in the Chinese market for the upcoming quarter, citing new iPhone models.