KNKT Going After China Tablet Market
Shazamstocks Newsletter
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Follow us on Twitter We would like to present a company that has partnered with Google, and is now offering its new tablet technology with Google`s Android operating system…
Our New Alert is KNKT – Kunekt Corp.
KNKT is a U.S. publicly traded company focused on designing, building and marketing mobile phones as well as smartphones and tablets powered by Google`s Android mobile operating system.
KNKT`s mission is to build a globally recognized brand in the mobile device market and deliver smartphones and tablets at prices that are a fraction of the industry leaders.
Strong growth in smartphone sales doubled to 81 million units in Q3 2010 from 41 million units a year ago. Moreover, media tablet sales are expected to grow at a phenomenal rate, with sales on pace to reach 19.5 million units in 2010, 54.8 million units in 2011, and surpassing 208 million units in 2014.
Global mobile device sales revenue for 2010 is estimated at $137 bn. There are 5.28 billion mobile subscribers worldwide, representing 76% of the world`s population of 6.75 billion.
“Mobility will be a Trillion Dollar Business by 2014.” Nick Jones, VP and distinguished analyst at Gartner, 2010-10-21 An analyst at Fortune Magazine has predicted that 2011 will be the year when the android market explodes and reaches the most number of users in history! Moreover, KNKT is rapidly expanding and is targeting not only the American market, but is focused on several of the biggest growing markets in the world- China and India.
Recently , KNKT has announced that it expects to start selling in China this month and in India and other targeted emerging market economies soon thereafter.
In pursuit of this goal, KNKT signed definitive agreements to acquire AMS-INT ASIA LTD. (“AMS”), Hong Kong, as a major step in its business plan to design, build and market mobile devices in developed and developing countries, initially in China and India.
Under the terms of the agreements, on closing, KNKT will have 100% of the interest in the control and management of Guangzhou Xingwei Communications Technology Ltd.
Inc. (“Xingwei”), Guangzhou, China, a mobile phone design company, and Beijing Yiyueqiji Science and Technology Development Ltd. Inc. (“Yiyueqiji”), Beijing, China, an Android smartphone design company. Xingwei has been in operation since 2004 and has 42 employees.
Yiyueqiji has been in operation since 2009 and has 18 employees.
KNKT has a unique marketing approach that gives it a distinct advantage in any new market that it enters.
Mainstream Android phones from Samsung, Motorola and HTC sell for over $600, the KNKT will sell for $200.
Tablets from Apple, Samsung and Dell sell for over $400, the Kunekt Krush will sell for $150 KNKT sells its products 1/3rd the price of competitors with almost exact same features, and the support of a world-wide powerhouse, Google and its Android operating system.
In the past few days, KNKT announced that it has filed three trademark applications with the United States Trademark and Patent Office.
* KRUZE, a line of smartphones * KROME, a line of mobile phones * KRUSH, a line of handheld wireless devices This very important step strategically places KNKT in front of its competition and will allow it to expand into the Chinese market earlier than expected! “After the upcoming opening of our sales office in Shenzhen, China, we will begin marketing Kunekt affordably priced mobile devices in China, India and other developed and developing countries.” — Mark Bruk, President of KNKT To read more about KNKT please visit their website, http://www.kunekt.com/
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