Rebirth: Super Banking System
Chapter 1710 - 1541 Everyone Goes Bankrupt Together (Please Subscribe!)

Chapter 1710: Chapter 1541 Everyone Goes Bankrupt Together (Please Subscribe!)

The next few days.

The global smartphone market became lively.

The arrival of the low-cost smartphones.

As a shocking impact to the whole industry, Tang Qing’s Epoch sold for four to five thousand, ERV and other brands slightly lower, but still above four thousand, the lesser ones above three thousand five hundred.

There were some below three thousand five hundred.

But they were all pseudo smartphones.

Around a thousand bucks.

All major manufacturers found it hard to accept, how to make money like this?

Yes.

Maybe profit.

But what attraction is there in such paltry gains? The communication industry, for decades, has been a high-profit industry, they’re used to double-digit, even above triple-digit profit margins.

Unimaginable.

A newly launched epoch-making product, and the strategy must shift to low margins and high sales?

No one’s playing at such pits.

Online.

The same lively atmosphere.

"Tang Qing’s predicted era is arriving."

"Wonder how the performance is."

"Didn’t they say? Basic applications can be guaranteed but playing large games, using computationally heavy apps will lag, and high-consumption apps will have noticeable heating issues."

"So many disadvantages?"

"Nonsense, low-cost smartphones, use your slightly positive IQ, how could it possibly match various flagship smartphones, you get what you pay for, this is about affordability, not enjoyment."

"If it truly achieves the advertised effect, it’s definitely worth it."

"Right."

"As long as it works."

"Looking forward to it."

"Our Huaxia companies are really great, definitely going to support them."

"Where’s the pre-sale?"

"They’ve just been released, no info on pre-sale yet, estimated wait is two months, heard this time they use their self-designed chip, otherwise, balancing cost-effectiveness with major companies’ chips is difficult."

"Still need to wait two months?"

"Pre-sale waits so long, launch estimated in three months."

"Doesn’t matter, no matter how long I can wait, because... I can’t bear to buy four to five thousand ones."

"Same... can’t afford."

"+1."

"+2."

"..."

For Zhihua Technology’s low-cost smartphone.

The market is extremely expectant.

Unlike the major companies facing the crisis, consumers don’t care about market share or manufacturers’ interests, they have only one demand--- to get good and cheap products.

Whether you make money.

What’s it to me?

Domestic.

International.

The debut of the low-cost smartphones brings surprise and delight.

"..."

At this moment.

Manufacturers sense the atmosphere is slightly off.

Previously,

everyone was ’tacitly’ maintaining smartphone prices, ERV’s advertisement strategy pushed competition to intensity, and now Zhihua Technology, is it aiming for a market white-knuckle battle?

Time is too fast.

They haven’t prepared.

Finland.

Nokia.

The office is exceptionally lively.

"What is Zhihua Technology doing?"

"Grabbing the market."

"Too unruly, how can they make money like this?"

"Perhaps... they never thought about making money."

"..."

"How’s our low-end smartphone project progressing?"

"We already have prototypes, but processor development is not fully finalized, many issues need modifications, and using Qualcomm’s processor will lose our advantage."

Low-end smartphone.

Everyone has research and development, but progress varies.

Not ready for market launch yet.

"Would be great to invest in this company."

"Wishful thinking, we can’t even invest in Huawei, Zhihua Technology? Dream on, don’t forget who’s behind them."

Upon hearing.

Everyone at the table was silent.

Myanmar Bank Group.

A giant.

A true giant.

Globally recognized.

Myanmar Environmental Technology Company has already entered the top ten global market value companies and is still growing, everyone knows, when the Oasis solution’s effects are fully confirmed, there will be another growth period.

Myanmar Pharmaceutical Group.

No need to say.

Making money daily.

Due to these two companies’ brilliance, many only know them, but the communication industry won’t forget, the world’s largest 4G equipment supplier--- Zhihua Technology.

Myanmar Bank Group holds 51% of the stocks.

Now.

This giant beast.

Is up to something again.

They’ve already launched the product, but not introduced to the market, cannot be stopped, only to follow, firstly, continue burning money to grab market share, secondly, to quickly launch their own low-cost smartphones.

Frustrating.

One step behind.

Step by step behind.

From the Epoch debut, they were led by the nose, trailing desperately behind, if they caught up well that’s fine, seeking a rise later, but looking around, oh darn.

So many followers.

No one can make decent money anymore.

The former ’pastoral’ era, entirely gone.

"..."

Relatively speaking.

Major communication giants are somewhat assured.

Communication.

Covers so many aspects, not just smartphones, even if the whole smartphone division doesn’t make money, the company won’t likely collapse, other business areas are still profitable.

Otherwise.

How do they earn their title as giants?

However.

Entrepreneurial companies emerging in the hundreds lately aren’t so fortunate.

Their previous survival mode was simple.

---Learn from Tang Qing.

Do resources integration.

A bit of innovation in product appearance, last year, a lot of companies with project plans dared to invest. A year later, many companies made some achievements, successively launching their products.

Unfortunately.

Defects are clearly visible too.

If phones don’t make money, they simply face plummet.

Unless.

Investors continue to pour money in.

But no one is foolish, after the frenzy, competitive price war in smartphones, no one can easily believe those doing innovation can survive the giants’ price war.

Certain startup company.

"Investors aren’t preparing for a third round of investment."

"What?"

"Our product is about to launch, how can this happen?"

"They said they don’t see hope in profit. People have thrown phones into the low-cost era, profitability rate won’t exceed double digits, the field has too many entrants, they’re not optimistic."

"Damn."

"What do we do?"

"Continue, at least, complete this matter, then seek another path."

"Another path?"

"I have a new idea, shift to APP development, the advent of smartphones makes many things convenient."

"..."

It can be said.

This time.

The successive actions of several giants have made the industry uncertain, and everyone’s only certainty is, in the future, without something special, their entrepreneurial path will quickly reach an end.

Overcome?

Chance less than 1%.

Surviving alone is difficult, let alone overcoming.

In an instant.

Entrepreneurial companies in smartphones, many started the countdown to closure, in the end, it might turn into an interesting result--- everyone closes down together, see who persists until the very end... finally closes.

Amid big waves.

The fate of small boats is almost destined.