Page 3 - India Smartphone Market

Tecno aiming to be among top 5 smartphone brands in 2024 in Indian market

Tecno, a leading smartphone brand of the Transsion Group, is eyeing to be among the top five smartphone brands in the Indian smartphone market by 2024, a top company official said. The company is betting on premiumisation and is focussing on metros to achieve its ambitious goal, he said. "The Indian smartphone market is maturing, and consumers are demanding more premium features and experiences. We are planning to launch 24 new models in 2024, of which 50 per cent will be 5G-enabled." said Tecno Mobile India CEO Arijeet Talapatra. The brand is traditionally strong in tier II and cities below it for its affordable and feature loaded smartphones. Ranked sixth in the Indian smartphone market, Tecno has witnessed a significant shift towards premiumisation in recent times. The company's average selling price has increased from Rs 11,000-12,000 in January 2023 to Rs 18,000-19,000 in December 2023. It is targeting a major growth in the Rs 15000 plus segment, with plans to sell 1.5 millio

Vivo launches V29e phone with curved display in mid-range segment: Details

The Vivo V29e is powered by a 5,000mAh battery, supported by 44W FlashCharge. The smartphone is powered by Qualcomm Snapdragon 695 processor, paired with 8GB RAM and up to 256GB storage

Samsung India expects 30% of premium segment revenue from foldable phones

Korean electronics major Samsung expects foldable smartphones to account for 30 per cent of premium mobile revenue in India this year, a senior company official said on Wednesday. Samsung India, Mobile Business, Senior Vice President Raju Pullan said that the new foldable devices, Galaxy Fold 5 and Galaxy Flip 5, have recorded pre-booking worth Rs 1,500 crore which is 1.5 times compared to pre-booking registered for previous generation foldable smartphones. "India has rolled out the red carpet for Galaxy Z Flip5 and Galaxy Z Fold5. Over 150,000 consumers have pre-booked Galaxy Z Flip5 and Galaxy Z Fold5. We expect foldable smartphones to contribute over 30 per cent to our premium segment business this year, indicating growing importance of the foldable category in India," Pullan said. He said that customers of other brands are also opting for Flip5. "Large number of consumers with less than 35 years of age are adopting Flip because of its design while consumers in the age group of

Multi-brand retail chain Big-C mobiles eyes Rs 1,500 cr turnover in FY24

Hyderabad-based multi-brand mobiles retail chain Big-C mobiles has set a target of Rs 1,500 crore as turnover in the current financial year, said company's founder, chairman and managing director M Balu Chowdary. The company had achieved Rs 1,000 crore turnover in FY2022-23. Big-C mobiles, which currently has 250 outlets across Telangana, Andhra Pradesh and Tamil Nadu, in a release said it plans to open 150 new outlets in two years with investment of around Rs 300 crore. "We are aiming at taking the outlet count to 400 by opening 150 new outlets in two years with investment of around Rs 300 crore. We are also growing our portfolio of products beyond mobiles and introducing more and more electronics and gadgets. We will enter more markets. We have a strong 3 crore customer base," Chowdary said. "Big-C started its operations on December 23, 2002. We have successfully completed two decades by achieving market leadership in mobile retailing in Telangana and Andhra Pradesh. We will ...

From Lava to Karbonn: Indian smartphone brands aiming to make a comeback

The Indian smartphone brands are looking to fill the vacuum created in the sub-Rs 10,000 segment

With demand for handsets, POCO India eyes 75-80% business growth in 2023

Smartphone player POCO India expects a 75-80 per cent year-on-year jump in business in 2023, mainly due to demand for its handsets in the medium and economy segment, a top company official said on Monday. POCO India Country Head Himanshu Tandon told PTI that as per market research firm Canalys, the overall smartphone market in India has declined 10 to 15 per cent and online sales dropped 20 per cent, but Xiaomi's sub-brand has emerged as the fastest growing online label, with a 68 per cent jump in sales for the March 2023 quarter. The launch of three models in the C-series under Rs 10,000 and X5 Pro in the price range of Rs 20,000-25,0000 segment fuelled the company's growth in the first quarter of 2023, he noted. "It's the start of the year, and we have taken very aggressive targets. From a YoY perspective, we want to have 75 to 80 per cent growth compared to last year," Tandon said. He said the first quarter has been on track with 68 per cent growth, and preliminary numbers for t

5G smartphone shipments grow 14% YoY in India in Q1 2023, says report

In addition, India's smartphone market shipments declined by 21 per cent (year-on-year), during Q1 2023

Smartphone shipments in March quarter fall 19% to hit record low: Report

This was the highest ever Q1 decline seen by the country's smartphone market

India's smartphone market nosedives 20% in Q1 as 2023 remains challenging

Amid sluggish consumer demand, the Indian smartphone market witnessed the first-ever Q1 shipment decline of 20 per cent (year-on-year), a new research has shown

Alongside its Flip 5, Samsung to soon unveil tri-foldable smartphone

Tech giant Samsung will reportedly unveil a new tri-foldable smartphone, alongside its upcoming Galaxy Z Flip 5 and the Galaxy Z Fold 5 devices

Internet blues for media

The fall in internet growth has consequences for both advertisers and digital businesses. For one thing, life will remain uncertain for them till the numbers start rising

India to get more Apple suppliers as iPhone production picks up: Experts

iPhone-maker's expansion plans seen boosting companies looking to get users for their chips and components

Mobile industry agrees for phased roll-out of uniform device chargers: Govt

Smartphone companies and industry organisations have agreed to a phased rollout of a uniform charging port for all electronic devices, the Consumer Affairs Ministry said on Wednesday. A sub-group will be set up to examine the feasibility of uniform charging ports for wearables, it said. This was decided during a discussion in the meeting of the inter-ministerial task force chaired by Consumer affairs secretary Rohit Kumar Singh here. The representatives of industry associations such as MAIT, FICCI, CII, educational institutions, including IIT Kanpur, IIT (BHU), Varanasi as well as the central government ministries, including the Environment Ministry, attended the meeting. "Stakeholders agreed that a phased roll-out of the common charging port may be conducted so that the same can be applied by the industry and adopted by consumers harmoniously," an official statement said. In the meeting, a broad consensus emerged among stakeholders on the adoption of USB Type C as a charging por

Nokia set to launch its G60 smartphone in India; prices yet to be revealed

Nokia also announced the X30 last month alongside the G60, but it's unclear if that one will debut in India with the G60

Phone maker Lava eyes electronics manufacturing venture with China's Huaqin

The pact would give the closely held companies heft as they seek to take on rivals such as Foxconn Technology Group

OPPO A77s, OPPO A17 launched in India: Price, features, and more

OPPO A77s and OPPO A17 will be available across online and retail outlets for Rs 17,999 and Rs 12,499, respectively

India's offline market for smartphones grew 44% in H1 2022: Report

Sale of smartphones priced above Rs 20,000 has increased more than two-fold in five years

iPhone 14 production cut may not impact Apple's India plans: Experts

More than 7 million iPhones expected to be sold in the country in 2022, demand dip unlikely: Report

Get ready to cruise over 150-200 mbps download speed on 5G highway

Will later stabilise at around 60 mpbs when subscriber number swells to 100 million or more

Does Apple's latest Emergency SoS feature make it a must-have device

Satellite connectivity is likely to be a challenging game for smartphone manufacturers