Tablets such as the Apple iPad and the iPad Mini, above, emerged as one of the year's top performers across the technology sector. Kiyoshi Ota / Bloomberg News
Tablets such as the Apple iPad and the iPad Mini, above, emerged as one of the year's top performers across the technology sector. Kiyoshi Ota / Bloomberg News

Apple and Samsung big winners in this year's gadget race



The annual revenues generated from mobiles, tablets and other consumer electronics is expected to top a record US$200 billion (Dh734.62bn) - and that figure is based on sales from the United Statesalone.

But not all gadgets sold well this year.

Mobile devices such as tablets and smartphones ultimately prevailed as the year's best-selling items. In marketing battles that stemmed from Seoul and Silicon Valley, Samsung and Apple each poured millions into touting their latest devices in these two categories and saw blockbuster sales.

Meanwhile, competitors such as Nokia and HTC also splashed out on worldwide advertising campaigns to back the release of their newest models. In comparison, though, their sales have fared poorly.

Then, there were some of the unanticipated hits in the UAE.

"Headphones suddenly became a huge category for us this year," says Ashish Panjabi, the chief operating officer at Jacky's Electronics.

Even more unexpected, though, was that while Beats By Dr Dre headphones surged in sales due to their growing appeal, other models branded with Hello Kitty and SpongeBob SquarePants - or lacquered in flashy colours such as pink, purple and orange - also sold well.

"What surprised us was that it wasn't kids buying this only - but grown adults," says Mr Panjabi.

The BlackBerry maker Research In Motion, which has struggled in numerous markets and failed to sell many of its PlayBook tablets, pleasantly surprised some local retailers with the release of its BlackBerry Porsche Design P'9981. The smartphone boasts a stainless-steel frame and leather backing and commands a premium price. "We sold a decent number of units considering the steep Dh8,000 [US$2,178] or so price tag," says Omar Kassim, the founder of JadoPado, an online retailer in the UAE. "I wasn't initially willing to give it a chance but it performed well."

A surge in sales of the Apple TV also surprised Mr Kassim. The Dh429 device, which helps to play television shows and movies in high-definition from iTunes and YouTube, as well as stream music and photos, turned out to be JadoPado's most-sold gadget this year.

Overall, tablets emerged as one of the year's top performers across the technology sector.

More consumers in the US this winter intend to buy a tablet instead of a laptop, according to the research firm Parks Associates, and analysts from the Consumer Electronics Association predict a full 25 per cent of US holiday-buyers will have bought a tablet.

At local tech retailers, such as Jumbo Electronics, Jacky's and EmiratesAvenue.com, more shoppers bought an Apple iPad this year than other tablets - or any other gadget, for that matter. Some customers preferred to use the slate for gaming, reading or social networking, while others predominantly purchased it for productivity tasks such as checking email and creating or viewing apps for business use.

"The continual increase in sales we've seen for this product is down to the fact that it has moved really from being a product that everyone bought for the sake of buying it to being something that is being used now," says Mr Panjabi.

"Most initial buyers of tablet devices like the iPad bought them and then figured out what they were going to use it for. These days we've seen customers actually coming into stores looking to use the iPad for specific functions."

Some consumers felt the latest iPad failed to deliver the kinds of bells and whistles that preceding models featured. That is why some of them waited until the price of an older edition dropped before buying one through EmiratesAvenue, says Julien Pascual, the company's founder.

Apple also proved to be popular in the ever-expanding smartphone category.

Globally, the company's iPhone 5 sold more than 5 million units just three days after launching in September. Some analysts project that more than 45 million units could be sold this quarter.

"Since Apple releases products much faster than any other brand, this helps in driving sales," says Nadeem Khanzadah, the head of retail for Jumbo Electronics.

But Apple is not the only major player in this market. Samsung has made major inroads this year in the smartphone category, say retailers in the UAE. The manufacturer's Galaxy S III, which boasts voice-activated GPS service and eye-tracking ability to keep a screen backlit when looked at, sold well this year at Jumbo, Jacky's, JadoPado and EmiratesAvenue especially during shopping events such as Dubai Summer Surprises and Gitex Shopper.

Worldwide, more than 30 million Galaxy SIII mobiles have sold since its debut in May.

Samsung has also successfully started blurring the lines between the smartphone and tablet categories. Its so-called phablet, commonly known as the Galaxy Note 2, is able to make calls but features a jumbo 13.9-centimetre screen. More than 5 million units sold two months after the device first launched, and it is selling at a faster clip than its predecessor.

"I think the Note 2 has been another surprise," says Mr Kassim. "It truly is a phablet, but there seems to be a growing market for it, and the only player of significance within it is Samsung."

When it comes to the most popular gadgets, though, the unavailability of some models has hampered sales at local retailers.

Nikon and Canon duked it out for sales tied to their digital SLR cameras. Nikon struggled at the beginning of the year after it was hit with a severe shortage due to floods in Thailand, says Mr Panjabi, but the company ultimately recovered.

"The share of these brands has changed throughout the year based on supply situations but overall both have shown tremendous growth this year," he says.

For others, a shipment shortage was only part of a larger problem.

There was a lot of marketing mayhem surrounding Nokia's new Lumia range of smartphones, which boast Windows Phone 8 software from Microsoft. But stock availability at some online retailers has been an issue, including for JadoPado, says Mr Kassim.

Beyond that, the Lumia line of mobiles has failed to achieve the kind of early blockbuster sales that Apple and Samsung have enjoyed, says Mr Kassim.

"Unfortunately, it didn't really pick up at all."

Well, there is always next year.

MATCH INFO

Arsenal 1 (Aubameyang 12’) Liverpool 1 (Minamino 73’)

Arsenal win 5-4 on penalties

Man of the Match: Ainsley Maitland-Niles (Arsenal)

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
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  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
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Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

Company%20Profile
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Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

COMPANY%20PROFILE
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Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

The specs

Engine: 0.8-litre four cylinder

Power: 70bhp

Torque: 66Nm

Transmission: four-speed manual

Price: $1,075 new in 1967, now valued at $40,000

On sale: Models from 1966 to 1970

FIGHT%20CARD
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The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia

Habib El Qalb

Assi Al Hallani

(Rotana)

The years Ramadan fell in May

1987

1954

1921

1888

Company%20Profile
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Ronaldo's record at Man Utd

Seasons 2003/04 - 2008/09

Appearances 230

Goals 115

The Sheikh Zayed Future Energy Prize

This year’s winners of the US$4 million Sheikh Zayed Future Energy Prize will be recognised and rewarded in Abu Dhabi on January 15 as part of Abu Dhabi Sustainable Week, which runs in the capital from January 13 to 20.

From solutions to life-changing technologies, the aim is to discover innovative breakthroughs to create a new and sustainable energy future.