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News and Events

Don't Blame Inflation: Average Price of Smartphones Sold in PH Grew 51% So Far in 2018

Filipino buyers now want devices with many bells and whistles

The average selling price (ASP) of smartphones in the Philippines stood at $192 (Php10,394) for the first six months of 2018, according to the Philippine unit of market analyst International Data Corp. (IDC). That represented a 51-percent surge from the average of ...

by Lorenzo Kyle Subido  | October 04, 2018 09:00:00
News and Events

Amid Bear Market, Electronics Firm Eyes Php6.8-B IPO as D.M. Wenceslao Debuts on PSE

Philippine unit of Taiwan-based Cal-Comp Technology filed application with SEC on June 29

Cal-Corp Tech Philippines, a subsidiary of the Taiwan-based New Kinpo Group, plans to launch an IPO by the end of the yearThe Philippine subsidiary of Taiwan-based electronics conglomerate New Kinpo Group has announced a plan to launch an initial public offering (IPO) ...

by Lorenzo Kyle Subido  | June 29, 2018 07:00:00
News and Events

Listed Tech Firm Xurpas Announces Singapore Unit’s $100-M Initial Coin Offering

But virtual tokens are not available for sale to citizens and residents of the Philippines, China and the US

Nico Jose "Nix" Nolledo, Xurpas chairman and CEO, says that the company's existing businesses will "benefit significantly" from blockchain technologyXurpas Inc., the country’s largest listed consumer technology company, has announced that one of its international subsidiaries will be selling up to $100 ...

by Lorenzo Kyle Subido  | May 16, 2018 06:00:00
News and Events

Ex-BlackBerry PH Manager Raises Php32-M for Online Store Selling Electronic Gadgets

Poundit wants to be the top-of-mind for consumer tech products in the country

Filipinos are known to be fast digital adopters. According to the latest numbers from social media agency We Are Social, there are over 129 million mobile phones in the country and around 60 million Internet users. As well, Filipinos spend the most ...

by Lorenzo Kyle Subido  | September 19, 2017 11:00:00
News and Events

Like Anne Galing! and Other Mobile Games? Here’s Why That’s Good News for Xurpas

PH's only listed consumer tech company saw 2016 revenues double to almost Php2 billion

Xurpas founder and CEO Nix NolledoThese days, if you get bored, the thing to do is check one’s social media accounts or play a mobile game. Filipino smartphone users spent an average of 174 minutes on their mobile screens every day, according ...

by Elyssa Christine Lopez  | May 05, 2017 10:00:00