Financial Magazine
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About Financial Magazine
TikTok owner byte dance, the development of smartphone
The Creator of the popular video-sharing app, has announced that it is branching Out into the production of smartphones.
TikTok is the fastest growing Social Media app, with More Than 500 million regular users.
The app, which allows people to 15-second videos, it is estimated that has been downloaded More Than a billion times on the app stores.
TikTok developer byte dance is the transition after the acquisition of the patents and an employee of the device maker Gionee.
Apart from TikTok, byte dance has several popular AI-based video and messaging apps like Slack alternative lark, video-chat-app-flip the chat, and news aggregator Toutiao, but TikTok, the most popular offer by far.
The app has done so well with Western and Asian audience that it recently Uber falls, The World 's largest privately-backed start-up, with a valuation of $75 billion (£61. 4bn).
According to Chinese business magazine Caijing, the new phone has been in development for seven months.
New trends in smartphone Meitu selfie phones target-beauty-conscious Young Peoplebyte dance is not The First developer to take advantage of a popular app. 2013, Chinese selfie-app-maker Meitu started, mobile phones, tailored to the consumers who really like to take photos of yourself.
Meitu mobile phones, supported by a well-known Chinese Social Media influencers, have dual-pixel cameras with fast auto-focus, as well as Artificial Intelligence to select The Best individual photo-edit Filter for each user.
But China has a very competitive market for smartphone makers, and there is a doubt, yet another device will be able to.
Facebook Home , the 2013, the Start-up on Android devices, flopped in less than a year,"It is to break is extremely difficult for new entrants in the smartphone market profitably, particularly at a time when big brands like Apple, Samsung and Huawei bombing, carpet-consumers with millions of pounds worth of marketing," Ben Wood , technology analyst at CCS Insight, told the Bbc News .
"There are always niches that disappear in the smartphone market, but they tend to be 'firework products", starting with a Big Bang and quickly. "
technology giants such as Facebook, Google and Amazon have also branched Out with his or her primary companies, however, with varying degrees of success.
While Facebook is successful in social networks and communication, the acquisition of the popular apps like Whatsapp and Instagram, it has failed to branch Out into mobile with its own Android launcher app, Home .
Amazon chief executive Jeff Bezos presenting The Fire Phone in June, 2014Google Also Pixel mobile phones already have a winner, but his Social Network , after gradually decreasing use of the service.
And Amazon tablets and e-readers have with the consumers popular, but its fire phone saw a frosty reception after it launched in may 2014.
Within five months, Amazon had reported, suffered a $170 million write-off (£110m) by The Product . And smartphone engineers dismissed.
tiktok, china, mobile phones, social media
Source of news: bbc.com
