Much of the growth continues to be driven by mature markets in which trade-in emulates a form of subsidy to push consumers to upgrade, according to research firm IDC.
The accelerated migration of 5G to lower-tier smartphones will have a knock-on effect on Average Selling Prices (ASPs) and the market’s overall profitability.
A study conducted by state think tank Philippine Institute for Development Studies (PIDS) showed that there are certain groups who “benefit more from [the] digital economy”.
According to a new report released by Accenture, a large majority (77%) of CEOs said they will fundamentally change how their companies interact with customers as a priority to drive business growth.
Blockchain is in a slump, with almost half its 2018 market value wiped out in 2020. But the silver lining in that downfall has been the resiliency of industrial applications, not least in the agri-food market, which has dominated blockchain success stories.
The figure is more than average for all organizations in the region (74%) but still less than Asia Pacific culture of innovation leaders, where almost all (98%) agree that innovation is a necessity to staying resilient during a crisis.
Ookla said the mobile Internet speed in the country also improved, but at a much slower pace, showing an 99.1% increase in download speed over the last four years.
