Page 2 - Mobile Phone

Samsung reports revenue increase on heels of higher mobile phone sales

Samsung Electronics reported Wednesday a sharp increase in consolidated revenue for the first quarter thanks to strong sales of its new smartphones, but its semiconductor business suffered a setback. The South Korean semiconductor and smartphone giant said in a statement that it posted 79.14 trillion won ($56 billion) in consolidated revenue for the January-March quarter, calling it an all-time quarterly high. It said its operating profit rose to 6.7 trillion won ($4.7 billion), up from 6.61 trillion won ($4.6 billion) in the same period last year. Samsung attributed the results to strong sales of its flagship Galaxy S25 smartphone and other high-value-added products. However, the operating profit of the company's semiconductor business fell to 1.1 trillion won ($774 million) from 1.91 trillion won ($1.3 billion) in the corresponding quarter last year. The company said its profits were squeezed by falling average sale prices, as well as reduced demand for high-bandwidth memory as .

China import delays likely to put Apple's India plans in jeopardy

iPhone 17 plans, localisation drive hit by China delays

Ringing loud: Electronics climbs to third spot on India's export ladder

From fifth place in FY24 to now a pharma, gems and jewellery challenger

US tariffs: Mobile firms hedge bets, seek incentives for India operations

Global mobile device players said they will be looking at alternatives if the duties stay at existing levels

Vivo eyes 70% revenue from overseas sales by 2027 as China market saturates

Vivo grew its shipments in China by more than 10 per cent in 2024, beating Apple Inc. and homegrown rivals Huawei Technologies Co. and Xiaomi Corp. to the top spot, according to research firm IDC

Smartphone exports beat estimates, cross $21 billion in FY25 so far

Sprint past $20 billion target, beating projections

Buy Dixon, Samvardhana as US tariffs may boost electronics exports: Nomura

Nomura pointed out that India is strategically positioned to capitalise on these changes, especially as the US looks to adjust its approach to trade with India, particularly in electronics

India's smartphone shipments slips by 9.7% in January 2025, says IDC

This slowdown comes on the back of slow growth in Q4CY24. The fourth quarter of CY2024 saw a dip of 3 per cent, with shipments of 36 million units

Nokia exporting up to 70% of India production, says Tarun Chhabra

The company in India saw its revenues in the fourth quarter (Q4) of 2024 hit Euro 463 million, up by 22 per cent from Euro 379 million in Q4 of 2023

Havells, PG Electroplast, KEI, Amber: EMS continues to shine, says Nuvama

While many consumer durables companies reported disappointing earnings, missing their profit estimates due to lower margins, the EMS players exceeded expectations with strong revenue and profit growth

Import duty cut to make mobile production ecosystem more competitive: ICEA

Government proposal to reduce import duty on several components as well as exemption of capital goods will reduce cost of indigenous mobile manufacturing but consumers are unlikely to get a major relief, according to an industry body. India Cellular and Electronics Association Chairman Pankaj Mohindroo said that the removal of 2.5 per cent duty on mobile parts was a "nuisance" tariff which was not doing any value addition in the mobile phone manufacturing ecosystem. "The government has removed the 2.5 per cent import duty across the board. In terms of cost, it is not very significant. It will help the industry save 0.09-0.1 per cent. Overall measures announced in the budget will boost competitiveness in the Indian mobile manufacturing space which is good for attracting investments and enhancing exports," Mohindroo said. At present all major brands including Apple, Samsung, Google Vivo, Xiaomi manufacture their smartphones in India. Finance Minister Nirmala Sitharaman in the union .

CCPA issues notices to Ola and Uber over differential pricing practices

CCPA seeks response from Apple regarding iPhone's alleged performance issues

India key market for AI, will scale up R&D, says Samsung mobile biz head

South Korean tech major Samsung will raise investments in Indian R&D centres at Bengaluru and Noida that have played a key role in development of AI features for its latest smartphone Galaxy S25, the company's President and Head of Mobile eXperience (MX) Business T M Roh said on Thursday and added that the firm expects a larger role from these research facilities in future. Besides, India with its large size of young demography is an important market for the South Korean chaebol for the development and sales of its Galaxy AI technology, he said. "India, keen to adopt the latest technologies and innovations, is a very important country for Samsung in both Galaxy AI development and sales and will always remain our top priority," said Roh at a media round-table after the launch of its flagship smartphone S25 here. Roh further said the young population of India is "highly receptive" to innovative features. The new smartphone, S25, has integrated Hindi, besides Korean and English, as ..

Debt-ridden Vodafone Idea to raise Rs 2,000 cr from Vodafone Group

Debt-ridden telecom firm Vodafone Idea on Thursday said its board will consider a proposal to raise Rs 2,000 crore from entities belonging to promoter Vodafone Group. The development follows Vodafone Group's announcement to sell a 3 per cent stake in Indus Towers to clear its debt of USD 101 million or about Rs 856 crore and use the residual amount to pay outstanding dues of its Indian venture Vodafone Idea. " a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider proposal for raising of funds not exceeding Rs 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group," the company said in a filing. British telecom firm Vodafone's 3 per cent stake in Indus Towers is valued at around Rs 2,800 crore. The company had announced that after settling the debt, it intends to contribute the residual proceeds from the placi

Apple rings in $10 billion in iPhone production freight on board

This equates to a $15 billion market value, with 70% exported

Mobile industry calls for bigger air cargo capacity amid export surge

Mobile phone players want Indian airports to ramp up their existing cargo handling capacity to support a projected eight-fold increase in device exports to USD 180 billion by 2030, industry body ICEA said. India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo told PTI that the turnaround time at customs is a major hurdle for the electronics industry which delays shipments' processing further. "In China, while the factory to export take-off from the cargo terminal is achieved on Day 1, in India, the export take off happens only by Day 2. This is a glaring chasm especially when seen in the context of the volume of exports which in the case of China is more than 30 times electronics output (USD 959 billion) compared to India (USD 29 billion) in 2023," Mohindroo said. Electronics is already India's largest export in air cargo while it's ranked third overall behind engineering and petrol. "To keep pace with the expected growth in exports, concerted efforts are need

French Ambassador Mathou's mobile stolen; files e-complaint, 4 arrested

Delhi police arrested four people who reportedly stole the mobile phone of French Ambassador Thierry Mathou. The device has also been recovered

Half of India to have 5G mobile subscribers by 2030, projects GSMA

This unprecedented growth in 5G subscribers in India will also lead to a massive expansion of data consumption, impelling Indian telcos to make large investments

After 37-day strike, bonhomie in sight at Tamil Nadu Samsung plant

Employees were told to return to work from Monday onwards

IAEA interested in mobile irradiators developed by India: DAE official

The International Atomic Energy Agency (IAEA) has shown interest in mobile irradiators developed by India which can be used to prolong the shelf-life of food products, a top official said on Tuesday. An India-made mobile irradiator was demonstrated at the IAEA office in Vienna last month, said Department of Atomic Energy secretary A K Mohanty at an event here. "The IAEA is interested. If India or BRIT (Board for Radiation and Isotope Technology, a wing under the DAE) can make more (mobile irradiators), the IAEA can install them in other countries. The Director General of IAEA has written that he will be visiting (India) and if we can give him a few samples, the IAEA will put these in other countries which they need more," he said. Irradiators are useful for prolonging the shelf-life of food products and minimising crop loss, Mohanty said, adding that the technology would be especially useful in countries like Ghana where ginger is a cash crop (and needs preservation). At the event