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Yesterday, <keyword id="6354356" type="COMPANY" weightage="40" keywordseo="BlackBerry">BlackBerry</keyword> announced that the <keyword id="1034849" type="ORGANIZATION" weightage="40" keywordseo="BB-messenger">BB messenger</keyword> is coming to Windows mobile and Lumia devices soon. We had a chance to catch up with Krishnadeep Baruah, Senior Marketing Director for <keyword id="2074824" type="UNKNOWN" weightage="100" keywordseo="BBM-Asia">BBM Asia</keyword> Pacific, BlackBerry and he gave us all the inside news related to the one of the most used <keyword id="176655" type="POSITION" weightage="40" keywordseo="messenger">messenger</keyword> service in the world. Here is what he told us. 
 
· How is the BB messenger doing on other platforms such as <keyword id="75489" type="ORGANIZATION" weightage="40" keywordseo="IOS">iOS</keyword> and <keyword id="6355645" type="COMPANY" weightage="40" keywordseo="android">Android</keyword>. Any numbers you would like to share? Launched in Oct 2013, BBM on Android and iOS was an instant success globally across the two platforms. The application witnessed 10 Million downloads within the first 24 hours of the application going live. Within a week since its launch, BBM was also amongst the top free overall apps across 35 countries in <keyword id="6355629" type="CITY" weightage="40" keywordseo="Google">Google</keyword> Play and 107 countries in the App Store, and continues to maintain a strong position in key markets. 
 Today, there are more than 80 million active BBM users across BlackBerry, Android and iPhone. Additionally, BBM also comes pre-loaded on more than a dozen Android OEMs, including most recently <keyword id="6356116" type="CITY" weightage="40" keywordseo="LG">LG</keyword>, Micromax, Celkon, Spice and Zen to name a few. 
 
· Is Blackberry planning to monetize the messenger solution on iOS and Android. If so, in what manner? 
We are exploring a number of revenue streams for BBM. Right now our focus is on growing the number of monthly active users of BBM and exploring strategies that help us leverage the strength of BBM such as our passionate user base, our high levels of engagement, our focus on relevant content, relevant conversations and community building. 
 
· What are the next steps in the evolution of BBM and allied services? 
BBM continues to evolve as a social mobile platform for consumers as well as for business customers through innovative features offering simplified ways to connect and share with others. In Feb 2014, we launched an upgrade of BBM for the Android and iOS users adding some new and exciting features enclosed below: 
BBM Voice: This feature allows the user to make free calls to BBM contacts over Wi-Fi or data connection with BBM Voice. The user can also respond to messages while on BBM Voice call. 
BBM Channels: BBM Channels lets customers chat with other BBM users about topics that interest them. Channels can be created by brands, businesses and BBM customers alike and are a great way to communicate directly and immediately with people who share common interests in the broader BBM community. Today, there are approx. 250,000 BBM Channels across the globe. Some of the Indian Channels are: <keyword id="15491" type="COMPANY" weightage="40" keywordseo="Airtel">Airtel</keyword>, Firstpost.com, Ganna, and CCD among others. 
 
<keyword id="285445" type="COMPANY" weightage="40" keywordseo="Dropbox">Dropbox</keyword> integration: With Dropbox built in to BBM, users can send a file from their personal cloud directly to a BBM contact. On the receiving end, users can save the file directly to their smartphone or add it to the Dropbox account 
Location Sharing: This unique feature, powered by Glympse, enables the user to share their real-time location with one or several BBM contacts for a specified amount of time. They can specify the duration for which they want to be discoverable by location, through a predefined timer. When the timer runs out, the customers’ location becomes private again 
Emoticons: BBM now has more than 100 new emoticons which have been added to the existing set of emoticons. It is worth noting that a number of the new emoticons have been developed based on user recommendation. 
FindFriends: BBM now includes a new find friends feature that allows you to discover people you know that are already on BBM, allowing invites from within the BBM app. The find friends feature detects contacts in your smartphone contact list that use BBM and allows you to quickly send an invitation on BBM. 
Going forward we would continue to deliver new functionality to BBM across platforms providing users a simple and effective way to stay connected. 
 
· How is the BBM for desktop program coming along? 
We are continuously working towards enhancing the BBM experience for our consumers. We will keep you posted. 
 
· Anything else you would like to add? Future plans etc.? 
With a total base of 80 million users, BBM is one of the largest private social mobile networks, driving real, active conversations. We at BlackBerry will continue to work towards providing our consumers with innovative features that will enable them to connect and share with each other.

Exclusive: BlackBerry Messenger Has Over 80 Million Active Users And Will Continue To Provide Its Customers Innovative Features

<keyword id="6354356" type="COMPANY" weightage="40" keywordseo="BlackBerry">BlackBerry</keyword> was and is the most powerful device for e-mails and allied ecosystems. However, the fortunes of the company are not looking up even with the launch of the new BB OS10 devices. At a recent BlackBerry event, the group has showcased a BlackBerry <keyword id="176655" type="POSITION" weightage="40" keywordseo="messenger">Messenger</keyword> client for desktops. The drill for launching the popular messaging service on <keyword id="75489" type="ORGANIZATION" weightage="40" keywordseo="IOS">iOS</keyword> and <keyword id="6355645" type="COMPANY" weightage="40" keywordseo="android">Android</keyword> did not go too well last weekend and most probably, BlackBerry had to pull back its plans to launch <keyword id="198362" type="CITY" weightage="100" keywordseo="BBM">BBM</keyword> on these operating systems. 
 
But with the announcement of the BBM client on PC, we are a bit taken aback and a few questions immediately come to mind. Is BlackBerry really equipped to service such a large industry? How will it manage the services between platforms? Does this mean BlackBerry is now more of a service provider than a mobile phone manufacturer? These are the questions troubling the current generation of BlackBerry phone users as well. Its messenger service is exceptional on a BlackBerry device, but what will happen eventually as the database grows immensely with Android, iOS and now PC users coming into the picture. 
 
The desktop version was showcased at the BlackBerry Asia Jam 2013, but a release date has not been given. Many believe that the company is trying to fight the current fund crunch in any way it can, to keep afloat. We do fear if the company crashes, many users will be deprived of the best e-mail service ever seen on mobile phones.

BBM for desktops? Where are you headed, BlackBerry?

<div class="KonaFilter image-container float_right click-to-enlarge" style="width:400px"><div class="image"><a title_source="BII" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/53359f6c6da811910a75daa8-960/bii_xiaomisamsungchina-1.png"></a>BII</div></div>The mobile industry's future will no longer be decided in Silicon Valley or Korea.
It's being determined at the Beijing headquarters of Xiaomi, often described as the "Apple of China," and at Micromax's campus on the outskirts of India's capital, New Delhi.
Apple co-founder Steve Wozniak recently visited Xiaomi's headquarters and declared, "They're good enough to break the American market." 
India's Micromax, meanwhile, has been described in Forbes India as the "Zara of smartphones," because it tests devices before speedily flooding the market with products that prove to be popular. (Zara follows a similar approach with fashion.) 
<a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">In a new report from BI Intelligence</a>, we explain why global consumer Internet and mobile companies will increasingly need to work with companies like Xiaomi and Micromax - not to mention China's Lenovo, Huawei, ZTE, and Coolpad - if they don't want to miss out on mobile's next growth phase in emerging markets. 
<a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Access The Full Report And Data By Signing Up For A Free Trial Today &gt;&gt;</a>
<ul>
<li>The Indian and Chinese manufacturers run their own successful app stores, mobile operating systems, and mobile services. They also hold the keys to which apps are preloaded on their phones. <a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile">When BlackBerry wanted to take its BBM messaging service for Android into India, it signed a deal with Micromax</a>.</li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Xiaomi sells four of the most popular Android phones in China. </a>(See chart, above.)</li>
<li>Xiaomi has used a four-point strategy in its three-year rise to produce four of the most popular phone models in China. <a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">We discuss all four aspects, including tight inventory management and crowdsourcing product development feedback.</a> </li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile"></a>Xiaomi and Micromax are both expanding globally. <a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Micromax is in Nepal, Bangladesh, and Sri Lanka. Xiaomi is in Singapore and has its eyes on Malaysia and Brazil. Huawei is already in the U.S.</a> For example, it sells a 4G LTE handset on MetroPCS. </li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Major local manufacturers now account for two-fifths of China's smartphone market, and one-fourth of India's</a>. Xiaomi already sells four of the top 10 best-selling Android devices in China, and operates one of the top five app stores. </li>
<li>Combined, the top five manufacturers in China and the top two in India - the "Local 7" in the chart above - <a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">are now shipping about 65 million smartphones globally every quarter</a>, more than Apple, and coming close to drawing even with Samsung. </li>
<li>The local manufacturers are not provincial outfits producing knock-offs. <a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">But their main competitive tool, for now, remains price</a>. Local manufacturers in China and India match the features of more expensive devices and manage to produce comparable hardware at a fraction of the price. A Micromax handset comparable to Apple's iPhone 5C costs less than one-fourth as much. </li>
</ul>
<a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">The report is full of charts and data that can be easily downloaded and put to use</a>.<a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');"></a>
In full, the report: 
<ul>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Discusses the innovative strategies and international ambitions of the seven key Chinese and Indian manufacturers</a></li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Dives into local contexts in China and India and how these unique tech and Internet markets have shaped the new giants' rise</a></li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Analyzes the key role played by these local manufacturers in supplying smartphones that meet the unique needs of local carriers and consumers</a></li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Explains why Xiaomi is called the "Apple of China," but why the "Amazon of China" might be a better explanation of how it runs its hardware business</a></li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Describes India's great potential as a smartphone and mobile software market and why it has lagged until now</a></li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Includes all the data on the top local manufacturers in India and China and how they compare to Apple and Samsung in market share and other measures</a></li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Discusses the rise of Lenovo to its current status as the world's third-largest smartphone manufacturer</a></li>
</ul>
<a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">For full access to the report on The New Smartphone Giants sign up for a free trial subscription today</a>.<a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-3&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');"></a>

The Rise Of Xiaomi And Micromax - Asia's Smartphone Innovators That Are Taking On The World

<div class="KonaFilter image-container float_right click-to-enlarge"><div class="image"><a title_source="BII" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/5319f3deecad04497c0acc93-960/bii_emgmkts2014.png"></a>BII</div></div>Apple and Samsung have dominated the smartphone market for years. But now that the developed market is basically saturated, these companies no longer just have each other to worry.
The real threat these days comes from cheap smartphones made by local manufacturers in emerging regions. Companies like Xiaomi and Micromax stand to drive the next big wave of growth in the mobile market, as their phones bring a huge number of people online for the first time. 
And these companies don't just sell phones. They run their own successful app stores, mobile operating systems, and mobile services.
<a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">In a new report from BI Intelligence</a>, we explain why global consumer Internet and mobile companies will increasingly need to work with companies like Xiaomi and Micromax - not to mention China's Lenovo, Huawei, ZTE, and Coolpad - if they don't want to miss out on mobile's next growth phase in emerging markets. 
<a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Access The Full Report And Data By Signing Up For A Free Trial Today &gt;&gt;</a>
<ul>
<li>The Indian and Chinese manufacturers run their own successful app stores, mobile operating systems, and mobile services. They also hold the keys to which apps are preloaded on their phones. <a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile">When BlackBerry wanted to take its BBM messaging service for Android into India, it signed a deal with Micromax</a>.</li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Xiaomi sells four of the most popular Android phones in China.</a> </li>
<li>Xiaomi has used a four-point strategy in its three-year rise to produce four of the most popular phone models in China. <a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">We discuss all four aspects, including tight inventory management and crowdsourcing product development feedback.</a> </li>
<li>Xiaomi and Micromax are both expanding globally. <a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Micromax is in Nepal, Bangladesh, and Sri Lanka. Xiaomi is in Singapore and has its eyes on Malaysia and Brazil. Huawei is already in the U.S.</a> For example, it sells a 4G LTE handset on MetroPCS. </li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Major local manufacturers now account for two-fifths of China's smartphone market, and one-fourth of India's</a>. Xiaomi already sells four of the top 10 best-selling Android devices in China, and operates one of the top five app stores. </li>
<li>Combined, the top five manufacturers in China and the top two in India - the "Local 7" - <a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">are now shipping about 65 million smartphones globally every quarter</a>, more than Apple, and coming close to drawing even with Samsung. </li>
<li>The local manufacturers are not provincial outfits producing knock-offs. <a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">But their main competitive tool, for now, remains price</a>. Local manufacturers in China and India match the features of more expensive devices and manage to produce comparable hardware at a fraction of the price. A Micromax handset comparable to Apple's iPhone 5C costs less than one-fourth as much. </li>
</ul>
<a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">The report is full of charts and data that can be easily downloaded and put to use</a>.
In full, the report: 
<ul>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Discusses the innovative strategies and international ambitions of the seven key Chinese and Indian manufacturers</a></li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Dives into local contexts in China and India and how these unique tech and Internet markets have shaped the new giants' rise</a></li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Analyzes the key role played by these local manufacturers in supplying smartphones that meet the unique needs of local carriers and consumers</a></li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Explains why Xiaomi is called the "Apple of China," but why the "Amazon of China" might be a better explanation of how it runs its hardware business</a></li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Describes India's great potential as a smartphone and mobile software market and why it has lagged until now</a></li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Includes all the data on the top local manufacturers in India and China and how they compare to Apple and Samsung in market share and other measures</a></li>
<li><a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">Discusses the rise of Lenovo to its current status as the world's third-largest smartphone manufacturer</a></li>
</ul>
<a href="https://intelligence.businessinsider.com/why-the-next-apple-or-samsung-will-come-from-india-or-china-2014-3?utm_source=House&amp;utm_medium=Edit&amp;utm_term=M-Xiaomi-5&amp;utm_content=link&amp;utm_campaign=BIIMobile" onclick="this.href = this.href + '-' + window.location.search.substr(1).replace(/\&amp;|\=/g, '-');">For full access to all BI Intelligence's charts and analysis on the mobile industry, sign up for a free trial subscription today</a>.

Cheap Smartphone Makers In Asia Hold The Keys To The Next Wave Of Mobile Growth

Bengaluru, July 15 (IANS) SoftBank-backed InMobi on Wednesday announced the appointment of Jayesh Ullattil as Vice President and General Manager for India. Prior to joining InMobi, Ullattil was Vice-President of Sales in Hotstar and instrumental in building strategic partnerships with leading telecom, original equipment manufacturers, consumer durables and media brands. In his two decades of industry experience, Ullattil has worked with leading consumer brands that include Perfetti Van Melle, Nokia, Henkel, Blackberry and more recently, BCCL and Hotstar. In his new role, Ullattil will be responsible for growing the mobile advertising and marketing business for InMobi across its portfolio of products, including programmatic and performance businesses, and data and online research platforms. "We are glad to welcome Jayesh onboard the InMobi leadership team in Asia Pacific. These are crucial times for brands and marketers across the globe who are looking to transform their business and marketing digitally," Vasuta Agarwal, Managing Director, Asia Pacific, InMobi, said in a statement. "Under Jayesh's leadership, InMobi will continue to enable marketers and advertisers in India as they increasingly rely on and invest in mobile to drive real connections with their consumers." Ullattil will be a part of the Asia Pacific leadership team and will be based out of Bengaluru, InMobi said. "India is one of the most exciting and fastest-growing mobile markets across the globe and this is an opportunity to have an immediate and large impact on the future of the adtech industry. I am looking forward to expanding the business and growing market share and mindshare for InMobi in India," Ullattil said on his appointment. --IANS gb/na

InMobi appoints Jayesh Ullattil as GM for India

<keyword id="1738613" type="UNKNOWN" weightage="60" keywordseo="Mobile-Insights">Mobile Insights</keyword> is a daily newsletter from <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">BI Intelligence</a> delivered first thing every morning exclusively to <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">BI Intelligence</a> subscribers. <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">Sign up for a free trial of BI Intelligence today</a>.

 
<div class="image-container float_right click-to-enlarge" style="width:400px"><div class="image"><a title_source="" title_caption="" class="zoomin" href="http://static6.businessinsider.com/image/523a1a5ceab8eae8645ec378-960/screen%20shot%202013-09-18%20at%205.25.06%20pm.png"></a>Chitika</div></div>
<a href="http://www.chitika.com/insights/2013/android-tablet-update">The New Nexus 7 Fails To Shake Up The U.S. Tablet Market</a> (Chitika) <keyword id="6355629" type="CITY" weightage="60" keywordseo="Google">Google</keyword>'s new <keyword id="1118355" type="UNKNOWN" weightage="60" keywordseo="Nexus-7">Nexus 7</keyword> tablet debuted in the U.S. in late July, but according to new data from Chitika, its usage rates have remained relatively flat. Amazon's Kindle Fire saw its usage rates increase slightly, thanks to discounts offered by Amazon. It's clear that Kindle Fire remains the dominant Android tablet in the U.S. market, and the Nexus 7's market potential may not be fully realized for a few more months. But the main takeaway is that even the debut of new <keyword id="6361927" type="UNKNOWN" weightage="60" keywordseo="Tablets">tablets</keyword> fail to shake up the U.S. market significantly. <a href="http://www.chitika.com/insights/2013/android-tablet-update">Read &gt;</a>
<a href="http://gigaom.com/2013/09/18/pandora-new-ipad-app/">Pandora Steps Up To iTunes Radio With New Logo, App, And Branding</a> (GigaOm) With iOS 7 comes the launch of iTunes Radio, but Pandora will take on the debut of Apple's own radio streaming service right away. Pandora updated its iPhone app to match the iOS 7 aesthetic and launched a brand new iPad app with several new features. The threat of iTunes radio is looming, but Pandora hopes it can hold on to its growing user base. <a href="http://gigaom.com/2013/09/18/pandora-new-ipad-app/">Read &gt;</a>
<a href="http://www.engadget.com/2013/09/18/bbm-android-ios/">BlackBerry Messenger App Coming To iOS And Android This Month</a> (Engadget) In a sign of the company's internal hardware struggles, BlackBerry is looking to gain some outside traction with its popular proprietary mobile messaging app, BlackBerry Messenger, by opening up the app to iOS and Android users. Perhaps the greatest chance BlackBerry has at success with BBM on iOS and Android would likely hinge on the brand's legacy. Already, iOS and Android users love other, successful messaging apps like <a href="https://intelligence.businessinsider.com/mobile-messaging-apps-dominate-2013-8">WhatsApp</a>. <a href="http://www.engadget.com/2013/09/18/bbm-android-ios/">Read &gt;</a>
<div class="image-container float_right click-to-enlarge" style="width:400px"><div class="image"><a title_source="" title_caption="" class="zoomin" href="http://static1.businessinsider.com/image/523a1fb3eab8eac46b5ec38a-960/screen%20shot%202013-09-18%20at%205.38.54%20pm.png"></a>Vision Mobile</div></div>
<a href="http://online.wsj.com/article_email/SB10001424127887323808204579083250005557232-lMyQjAxMTAzMDEwODExNDgyWj.html">BlackBerry Prepared To Lay Off 40% Of Its Staff</a> (Wall Street Journal) In more evidence of the handset maker's struggles, BlackBerry will likely lay of 40% of its current staff by the end of the year. The cuts will be felt across all divisions of the company. <a href="http://online.wsj.com/article_email/SB10001424127887323808204579083250005557232-lMyQjAxMTAzMDEwODExNDgyWj.html">Read &gt;</a> 
<a href="http://www.visionmobile.com/product/the-european-app-economy/">Europe's App Economy Could Grow To A €15 Million Market By 2015</a> (Vision Mobile) Vision Mobile took a look at the European app economy, and found that the 28 countries that make up the European Union account for 22% of the global app economy. Based on a smartphone uptake forecast, they also think that it can grow to a €15 million market by 2015, despite faster growth in more up-and-coming regions like Latin America and Asia-Pacific. <a href="http://www.visionmobile.com/product/the-european-app-economy/">Read &gt;</a>

The New Nexus 7 Fails To Shake Up The US Tablet Market

<keyword id="1738613" type="UNKNOWN" weightage="60" keywordseo="Mobile-Insights">Mobile Insights</keyword> is a daily newsletter from <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">BI Intelligence</a> delivered first thing every morning exclusively to <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">BI Intelligence</a> subscribers. <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">Sign up for a free trial of BI Intelligence today</a>. 

<div class="image-container float_right" style="width:400px"><div class="image">Steve Kovach/Business Insider</div></div>
<a href="http://www.microsoft.com/en-us/news/Press/2013/Aug13/08-21WPLATAMPR.aspx">Windows Phone Takes Second Place In Latin America</a> (Microsoft) New data from IDC shows that <keyword id="156399" type="UNKNOWN" weightage="60" keywordseo="Windows-phone">Windows Phone</keyword> is the second most widely used platform in Latin America, with particular success in Mexico, Peru, and Colombia. Windows Phone is available in 20 Latin American countries. The partnership with Nokia is a mutually beneficial one, and Microsoft are piggybacking on the success of cheaper handsets like the <keyword id="1554555" type="UNKNOWN" weightage="60" keywordseo="Nokia-Lumia-520">Nokia Lumia 520</keyword>. <a href="http://www.microsoft.com/en-us/news/Press/2013/Aug13/08-21WPLATAMPR.aspx">Read &gt;</a>
<a href="http://gigaom.com/2013/08/22/facebook-launches-new-login-facebook-platform-is-all-about-mobile-now/">Facebook Upgrades Its Facebook Login Platform</a> (GigaOm) <keyword id="6354576" type="CITY" weightage="60" keywordseo="Facebook">Facebook</keyword> announced significant changes to its Facebook Login function which allows users to to use Facebook profile information to log into <keyword id="383661" type="UNKNOWN" weightage="60" keywordseo="Mobile-Apps">mobile apps</keyword>. The upgrade gives users the option to not share any mobile app usage information back on the social network. It's a way for Facebook to close the developer-app user divide while also creating more opportunity for data collection and ultimately monetize mobile further. <a href="http://gigaom.com/2013/08/22/facebook-launches-new-login-facebook-platform-is-all-about-mobile-now/">Read &gt;</a>
<a href="http://techcrunch.com/2013/08/22/blackberry-posts-user-guides-for-ios-android-versions-of-bbm-ahead-of-launch/">BBM For iOS And Android Is Imminent</a> (TechCrunch) BlackBerry recently posted user guides for its messaging service, BlackBerry Messenger (BBM), on their own website. The struggling handset maker is looking for potential new revenue streams, but the <a href="https://intelligence.businessinsider.com/mobile-messaging-apps-dominate-2013-8">mobile messaging market</a> is already becoming overly crowded. <a href="http://techcrunch.com/2013/08/22/blackberry-posts-user-guides-for-ios-android-versions-of-bbm-ahead-of-launch/">Read &gt;</a>
<a href="http://www.techinasia.com/xiaomi-worth-10-billion-confirms-ceo-lei-jun-funding/">Xiaomi Gets $10 Billion Valuation</a> (Tech In Asia) Chinese smartphone maker and software developer Xiaomi received another round of funding and was valued at over $10 billion. The upstart company is already making serious noise in the Chinese smartphone market, <a href="https://intelligence.businessinsider.com/xiaomi-overtakes-apple-in-china-2013-8">where it recently surpassed Apple</a>. <a href="http://www.techinasia.com/xiaomi-worth-10-billion-confirms-ceo-lei-jun-funding/" target="_blank">Read &gt;</a>
<a href="http://www.pewinternet.org/Reports/2013/Teens-and-Mobile-Apps-Privacy.aspx">Teens Enjoy Mobile Privacy</a> (Pew Internet) A new study from Pew shows that mobile-centric teens may enjoy privacy on their devices more than initially thought. The study revealed that 51% of teens have avoided downloading an app due to privacy concerns. <a href="http://www.pewinternet.org/Reports/2013/Teens-and-Mobile-Apps-Privacy.aspx">Read &gt;</a>
<a href="http://jessicalessin.com/2013/08/22/exclusive-apple-buys-another-map-app-embark/">Apple Won't Give In To Google Maps Just Yet</a> (Jessica Lessin) Jessica Lessin reports Apple's purchase of small map app company Embark. The app provides transit information in about a half dozen U.S. cities. It could potentially be another piece Apple will use in the competition with Google to build the best mobile maps app. <a href="http://jessicalessin.com/2013/08/22/exclusive-apple-buys-another-map-app-embark/">Read &gt;</a>
<a href="http://www.theguardian.com/technology/2013/aug/22/ubuntu-edge-founder-failure-canonical">Could This Be The End Of The Ubuntu Edge Dream?</a> (The Guardian) The Ubuntu Edge, the smartphone/PC hybrid, missed its crowdfunding goal by a significant margin of $19 million, even after several price adjustments. Parent company Canonical claims, despite the failure, the campaign has drawn the attention of wireless carriers and handset makers. <a href="http://www.theguardian.com/technology/2013/aug/22/ubuntu-edge-founder-failure-canonical">Read &gt;</a>

A Small Win For Microsoft -  Windows Phone Is Holding Its Own In Latin America

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>Good morning! Here's what you need to know in markets today.European industrial production is coming. At 10 a.m. London time (5 a.m. New York), the eurozone's industrial production data for April is coming. Analysts are expecting a 0.3% boost from March, which would leave production up 1.1% year-on-year.The bond sell-off could stall the Fed's rate hike. The sharp bond market sell-off is starting to pinch American consumers and companies, causing a mild economic tightening that, if sustained, <a href="http://www.businessinsider.com/r--bond-selloff-a-wild-card-that-could-delay-fed-rate-hike-2015-6#ixzz3cp6LlEx9">could raise alarms at the Federal Reserve and even delay a plan to hike interest rates in coming months</a>.Congress will vote on President Barack Obama's trade authority. President Barack Obama's goal of strengthening US economic ties with Asia will hang in the balance in Congress on Friday when d<a href="http://www.businessinsider.com/r-razor-edge-us-congress-vote-to-decide-fate-of-obama-pacific-trade-pact--2015-6#ixzz3cp6WrOYU">ivided lawmakers vote on legislation central to his hallmark Pacific Rim trade deal</a>.Japanese industrial production was revised up. Production was revised to +0.1% growth year-on-year in April, the first positive figure in 2015 so far.Taiwan's Asustek hasn't ruled out buying HTC. <a href="http://www.businessinsider.com/r-taiwans-asustek-says-has-not-ruled-out-possibility-of-buying-htc-2015-6#ixzz3cp6qGm3">Taiwan's Asustek said on Friday it has not ruled out the possibility of acquiring struggling smartphone maker HTC</a>. Chairman Johnny Shih of Asustek, one of the world's biggest makers of laptop personal computers and smartphones, made the comment at its annual general meeting, Chief Financial Officer David Chang told Reuters.Blackberry may begin running Android. <a href="http://www.businessinsider.com/r-exclusive-blackberry-may-put-android-system-on-new-device---sources-2015-6#ixzz3cp783Cpo">BlackBerry is considering equipping an upcoming smartphone with Google Inc.'s Android software for the first time</a>, an acknowledgement that its revamped line of devices has failed to win mass appeal, according to four sources familiar with the matter. Uber's growth in China has been explosive. <a href="http://uk.businessinsider.com/uber-china-growth-2015-6#ixzz3cp7JwsVa">Four out of the top 10 cities for Uber are now in China, according to an email sent by Uber CEO Travis Kalanick to investors and obtained by the Financial Times</a>. Guangzhou, Hangzhou, and Chengdu are now the three largest cities on a trips basis, overtaking New York, the email stated. Twitter CEO Dick Costolo is out. <a href="http://uk.businessinsider.com/twitter-ceo-dick-costolo-will-step-down-2015-6#ixzz3cp7bJVFY">Embattled CEO Dick Costolo will step down on July 1. Jack Dorsey, one of the original founders of the company, will be the interim CEO</a>. The stock surged up about 8% after hours on the news.Asian markets are up or flat. Hong Kong's Hang Seng is up 0.51% and China's Shanghai Composite Index is up 0.64%. Japan's Nikkei is pretty much entirely flat, down 0.01%.The CIO of a major asset management firm says the bond bubble is a myth. "<a href="http://www.bloomberg.com/news/articles/2015-06-11/bond-bubble-is-fiction-like-sasquatch-guggenheim-s-minerd-says">I've been looking for Sasquatch in the bond bubble, or the credit bubble</a>," said Scott Minerd, chief investment officer (CIO) at Guggenheim Partners, according to Bloomberg. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/cristiano-ronaldo-spends-money-salary-fortune-real-madrid-2015-5">Here's how Cristiano Ronaldo spends his money</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="llMjZ5dDqpB7jsQJWbJ6u82dpovJ7vWo" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

10 things you need to know before European markets open

<div class="KonaFilter image-container display-table float_right click-to-enlarge"><div><div class="image"><a title_source="Kakao Talk" title_caption="Kakao Talk CEO Sirgoo Lee." class="zoomin" href="http://static3.businessinsider.com/image/53134e0f69bedd1c79087b5d-960/kakao co-ceo sirgoo lee - mwc panel discussion 2.jpg"></a>Kakao TalkKakao Talk CEO Sirgoo Lee.</div></div></div>WhatsApp may be the messaging app of the moment following Facebook's surprise $19 billion purchase, but it's not the only massively popular platform in the space.
One of them is Kakao Talk, the top messaging app in Korea with 133 million registered users, and it's prepping a $2 billion IPO backed by Morgan Stanley and Samsung Securities, <a href="http://techcrunch.com/2014/02/21/korean-messaging-service-kakao-gets-ready-for-a-2-billion-ipo/">according to The Wall Street Journal</a>.
But how can Kakao Talk hope to compete with WhatsApp, which has hundreds of millions of more users and Facebook's deep pockets behind it? 
The company's CEO, Sirgoo Lee, told Business Insider in an interview that he sees Kakao Talk as more of a social network than a messaging and communications app like WhatsApp. The core functionality of the app may be sending text messages to your friends, but Kakao Talk has several other features built in to differentiate itself.
There's a gaming feature that lets you download games and compete against your friends. You can also buy physical gifts within the app (there are 68,000 to choose from) and have them sent to your friends, a feature Facebook tried too but ultimately killed last year. 
Also like Facebook, brands can join Kakao Talk and interact with customers through messages that contain coupon codes and other goodies. Samsung, McDonald's, Burger King, and Uniqlo already use Kakao Talk.
"We are going in different directions from WhatsApp," Lee said. "If you want a pure messaging service, WhatsApp is for you. There's more to offer than just texting, like games and mobile commerce."
<div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image"><a title_source="Kakao Talk" title_caption="Sirgoo Lee with WhatsApp CEO Jan Koum at Mobile World Congress 2014" class="zoomin" href="http://static3.businessinsider.com/image/53134e5d6da811ca20d5e3b0-960/kakao-co-ceo-sirgoo-lee-with-whatsapp-ceo-jan-koum-at-mobile-world-congress-2014.jpg"></a>Kakao TalkSirgoo Lee with WhatsApp CEO Jan Koum at Mobile World Congress 2014</div></div></div>And Lee isn't necessarily trying to take over the world with Kakao Talk. Instead, the company is concentrating on markets where it thinks it can become the number one messaging app and expanding from there. Right now, that's Indonesia, which Lee says is the company's primary battleground. (Competition is pretty fierce there already. BlackBerry's BBM is already wildly popular in southeast Asia.)
The strategy seems to be to pick off regions where there isn't a leader yet one by one. WhatsApp and others may dominate many Western countries, but Lee is targeting the rest of the world.
"Can there be one winner? I think based on the nature of the service, it's regional," Lee said. "You are going to text and message the people around you. As long as you have most of your friends in that locale, you're going to see apps popular in certain regions. The rest of the world is content with [traditional] text messaging for the time being. Line or WeChat or us will have an advantage eventually."

WhatsApp Rival CEO: It's Just A Messaging App And We Can Offer So Much More

<div class="KonaFilter image-container display-table float_right click-to-enlarge"><div><div class="image on-image"><a title_source="Reuters/Yannis Behrakis" title_caption="A trading board showing the last foreign-exchange fixing before Greece joined the eurozone is displayed at the Museum of the Bank of Greece in Athens." class="zoomin" href="https://static-ssl.businessinsider.com/image/557abe3469bedd292b9dba80-960/greece-exchange-rates-on-last-day-before-joining-the-euro-2.jpg"></a><a href="http://pictures.reuters.com/Package/2C0BF1O3P1T3R#/SearchResult&amp;ALID=2C0BF1O3P1T3R&amp;VBID=2C0BX4N8OVZU&amp;POPUPPN=21&amp;POPUPIID=2C0BF1O33ITR6">Reuters/Yannis Behrakis</a>A trading board showing the last foreign-exchange fixing before Greece joined the eurozone is displayed at the Museum of the Bank of Greece in Athens.</div></div></div>Here is what you need to know.Twitter's CEO is out. <a href="http://www.businessinsider.com/interview-with-twitter-ceos-dick-costolo-and-jack-dorsey-2015-6">Dick Costolo is stepping down as chief executive officer of Twitter</a>. On his departure, Costolo told Business Insider's Jay Yarow, "There's never going to be a perfect time." Costolo will be replaced on an interim basis by Twitter cofounder and board member Jack Dorsey, who was ousted in 2008. Dorsey was twice asked by Yarow whether he wanted to be named full-time CEO, and he responded: "I'm not focused on that question at all. I'm focused on making sure we continue our momentum and to amplify what we're doing."Germany is planning for a Greek exit from the euro. The German tabloid Bild reports <a href="http://www.businessinsider.com/report-germany-is-preparing-for-a-greek-default-with-time-for-a-last-minute-deal-running-out-2015-6">the German government is making precautionary preparations for a default by Greece</a> after negotiations between Greece and the International Monetary Fund broke down on Thursday. The report suggests Berlin is preparing debt haircuts and capital controls. On Monday, Bank of America Merrill Lynch analyst Athanasios Vamvakidis said: "Greece and its creditors will have to finalize the deal by the end of this week, the Greek parliament will have to approve the deal the following week, and the European parliaments will have to approve it during the last week of June (assuming away problems with the summer recess)." Greece's two-year yield is up 45 basis points at 24.75%.The PBOC is expected to cut its reserve requirement ratio. China Merchants Bank believes <a href="http://www.bloomberg.com/news/articles/2015-06-12/pboc-seen-cutting-banks-reserve-ratios-as-early-as-this-weekend">the People's Bank of China could cut its key lending rate as soon as this weekend</a>. Analyst Liu Dongliang thinks the PBOC will lower its reserve requirement ratio by as much as 100 basis points to 17.50%. According to Bloomberg, "That would be the third reduction this year." China's yuan slipped fractionally to 6.2084 per dollar.Dish is trying to get funding to make a bid for T-Mobile. Dish Network is reportedly <a href="http://www.wsj.com/articles/dish-networks-in-talks-with-banks-about-funding-t-mobile-bid-1434056519">in talks with banks to borrow between $10 billion and $15 billion</a> to make a bid for T-Mobile US. People familiar with the matter told The Wall Street Journal that if a deal happened, it would most likely be primarily made up of stock. According to The Journal, "A deal agreement between Dish and T-Mobile isn't imminent, and it is possible there won't be one."Blackberry might use Google's Android software. Unidentified sources told Reuters, "The move to use Android is part of BlackBerry's strategy to pivot to focus on software and device management." The smartphone maker has <a href="http://www.businessinsider.com/r-exclusive-blackberry-may-put-android-system-on-new-device---sources-2015-6#ixzz3cp783Cpo">struggled to win back market share</a> from Apple and other devices.The House is set to vote on President Obama's Pacific Rim trade deal. The trade deal would include 40% of the global economy, with <a href="http://www.businessinsider.com/r-razor-edge-us-congress-vote-to-decide-fate-of-obama-pacific-trade-pact--2015-6#ixzz3cp6WrOYU">a passage in the House putting it on the "fast track"</a> as the Senate has already given its stamp of approval. According to Reuters, "Fast-track authority would let lawmakers set negotiating objectives for trade deals, such as the Trans Pacific Partnership, but restrict them to only a yes-or-no vote on the finished agreement."Guggenheim's CIO says the talk of a bond bubble is nonsense. Scott Minerd says <a href="http://www.bloomberg.com/news/articles/2015-06-11/bond-bubble-is-fiction-like-sasquatch-guggenheim-s-minerd-says">talk of a bubble in bonds is overblown</a>. "I've been looking for Sasquatch in the bond bubble, or the credit bubble," Minerd said at a Standard &amp; Poor's conference on Thursday. "And I haven't found either one yet." Minerd believes long-term bond yields will hold steady or even fall.Dominique Strauss-Kahn was acquitted of charges of aggravated pimping. The AP reports, Strauss-Kahn, the former managing director of the IMF, told the court "he participated in 'recreational sessions' while he was busy 'saving the world' from one of its worst financial crises." <a href="http://www.businessinsider.com/dominique-strauss-kahn-on-sex-party-allegations-2015-6">The judge ruled Strauss-Kahn was a 'customer'</a> and not a pimp.Global stock markets are mixed. Britain's FTSE (-0.4%) paces the decline in Europe after Hong Kong's Hang Seng (+1.4%) led the way in Asia. S&amp;P 500 futures are down 4.75 points at 24.75%.US economic data flows. PPI is due out at 8:30 a.m. ET and University of Michigan Consumer Sentiment will cross the wires at 10 a.m. ET. The Baker Hughes rig count will be released at 1 p.m. ET. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/how-floyd-mayweather-spends-his-money-boxing-2015-4">Here's how Floyd Mayweather spends his millions</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="NiaGVpdDqdBR4NCmtjL5odLe14N1R4Hp" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

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