If it ain’t broke, don’t try to fix it. Or, to put it another way, when your last flagship smartphone helped your company achieve profitability after years in the doldrums, don’t tinker with the formula too much.
Such is the way with the new HTC One M9, the successor to the Taiwanese company’s well- received M8, which hits the shelves in the UAE this month.
HTC’s logic stipulates that the M8’s design and functionality has been so appealing to customers that it’s not worth deviating too much from a winning formula for the M9. But has the company been too conservative?
On first (and second, and third) inspection, it’s virtually impossible to tell the two devices apart. The M9’s beautiful metal block design (available in grey, gold and gold on silver) is virtually identical to its older brother, give or take (literally) two or three millimetres here and there.
So far, so good, given the device’s exceptionally crafted body. Disappointingly however, the M9’s 5-inch display is exactly the same as the M8’s and, while images and videos still look fine on the M9, they lack the wow factor of the LG G3 or Samsung’s newest models.
Happily, the M9 also retains its predecessor’s front-facing speakers, which make a real difference when watching videos.
One area that’s had an upgrade is the camera, with the M9 doing away with its predecessor’s dual lens system and instead sporting a 20.7 MP rear camera. Intriguingly, the M8’s front-facing 5MP selfie camera has now been downgraded to a 4MP set-up.
Taken on its own, the M9 is, with the exception of its outdated display, a very good smartphone. As an upgrade to its predecessor, however, there are not enough improvements to recommend upgrading so soon. What’s more, with a price of about Dh2,749, it comes in slightly more expensive than Samsung’s new Galaxy S6, due to hit the shelves in weeks.
If HTC’s high-end design takes your fancy and you need to have its latest offering, the M9 is for you. But it’s hard to recommend otherwise, given its incremental performance upgrade from its predecessor, and its relatively high price tag.
So how is HTC faring in the great smartphone wars?
Just under four years ago, HTC’s global market share was 10.7 per cent. Now it is less than 2 per cent. But Ramit Harisinghani, HTC’s head of Middle East and Africa sales, doesn’t seem too concerned. He pointed out this month that HTC had achieved triple-digit growth in 2014, and expected the M9 to take them to “record- breaking heights in terms of sales in 2015 and beyond”.
And why wouldn't it? It's an even better version of a great smartphone, so it will sell by the bucketload, right?
Maybe, but not necessarily. Let’s cast our minds back to last year’s Samsung Galaxy S5. An improvement on the already great S4, but fewer people bought it, as customers couldn’t tell the difference, which led Samsung back to the drawing board for the S6 and S6 Edge.
Interesting. Maybe someone should put this point to HTC?
It’s funny you should say that, I did put this point to its global chief marketing officer Idris Mootee a few weeks ago at the Mobile World Congress in Barcelona. He argued that HTC’s strategy is to produce a classically designed smartphone that will inspire people to come back to their products time after time. He drew a comparison with cars by Porsche and Maserati, which sport signature designs that are subject to few changes over the years, but still attract a loyal following.
jeverington@thenational.ae
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The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
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.”
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
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
THE SPECS
Cadillac XT6 2020 Premium Luxury
Engine: 3.6L V-6
Transmission: nine-speed automatic
Power: 310hp
Torque: 367Nm
Price: Dh280,000
Results
1. Mathieu van der Poel (NED) Alpecin-Fenix - 3:45:47
2. David Dekker (NED) Jumbo-Visma - same time
3. Michael Morkov (DEN) Deceuninck-QuickStep
4. Emils Liepins (LAT) Trek-Segafredo
5. Elia Viviani (ITA) Cofidis
6. Tadej Pogacar (SLO UAE Team Emirates
7. Anthony Roux (FRA) Groupama-FDJ
8. Chris Harper (AUS) Jumbo-Visma - 0:00:03
9. Joao Almeida (POR) Deceuninck-QuickStep
10. Fausto Masnada (ITA) Deceuninck-QuickStep
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
Match info
Athletic Bilbao 0
Real Madrid 1 (Ramos 73' pen)
'Panga'
Directed by Ashwiny Iyer Tiwari
Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta
Rating: 3.5/5
Pakistan World Cup squad
Sarfraz Ahmed (c), Fakhar Zaman, Imam-ul-Haq, Abid Ali, Babar Azam, Haris Sohail, Shoaib Malik, Mohammad Hafeez(subject to fitness), Imad Wasim, Shadab Khan, Hasan Ali, Faheem Ashraf, Junaid Khan, Shaheen Shah Afridi, Mohammad Hasnain
Two additions for England ODIs: Mohammad Amir and Asif Ali
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THE DETAILS
Director: Milan Jhaveri
Producer: Emmay Entertainment and T-Series
Cast: John Abraham, Manoj Bajpayee
Rating: 2/5
Various Artists
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
The%20specs
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How it works
Each player begins with one of the great empires of history, from Julius Caesar's Rome to Ramses of Egypt, spread over Europe and the Middle East.
Round by round, the player expands their empire. The more land they have, the more money they can take from their coffers for each go.
As unruled land and soldiers are acquired, players must feed them. When a player comes up against land held by another army, they can choose to battle for supremacy.
A dice-based battle system is used and players can get the edge on their enemy with by deploying a renowned hero on the battlefield.
Players that lose battles and land will find their coffers dwindle and troops go hungry. The end goal? Global domination of course.