Page 3 - Mobile Phone

PLI investment in mobiles, production surpasses target: IT secretary

Investment in mobile phone manufacturing under the PLI scheme as well as production has surpassed the targets, Electronics and IT Secretary S Krishnan said on Wednesday. Addressing reporters on the completion of 10 years of Make In India initiative, the official said the overall production of electronics in India has increased to Rs 9.52 lakh crore with an annual compounded growth rate of 17.4 per cent from Rs 1.9 lakh crore in 2014-15, he said. "If you look at what the PLI scheme has done in the mobile sector, the overall production we have reached is far in excess of the target. We have reached Rs 6.61 lakh crore is the total value of production, well above the target that has been set. The overall investment has been Rs 9,100 crore, which is again well above the target," Krishnan said. The government had set a target of Rs 7,000 crore cumulative investment during the five-year scheme period and Rs 5,488 crore till 2023-24, according to official data. The mobile PLI scheme set a

Competition heats up: Samsung goes to war, cuts prices to dare Apple turf

South Korean mobile giant drops price of flagship S24 range by 15-35% to duel iPhone 16

Samsung's Sriperumbudur strike may impact India's manufacturing: GTRI

Besides, foreign investors are closely watching the situation at Samsung, and concerns over prolonged labour unrest may lead them to reconsider their plans in India

Meity may not change value addition target for mobiles under PLI scheme

A majority of global vendors of mobile phones and electronics are located in China. Most of them are Chinese companies

Apple, mobile devices charge up 22% growth in electronics exports

Apple's contribution to electronics exports has grown steadily over the years

Nokia mobile networks assets said to draw Samsung's preliminary interest

The Finnish company has been having discussions with advisers about potential options for its mobile networks business, which has struggled for years to compete with larger rivals like Huawei

JioBharat J1 4G with pre-installed Jio apps for UPI, TV, and more launched

The JioBharat J1 4G is available on Amazon India at Rs 1,799. The feature phone is offered in sole dark grey colour

How basic customs duty cut on mobile phones will affect cost benefits

Smartphones like Google Pixel and some iPhone Pro models are likely to get some benefit out of the rationalisation

Nokia reports double-digit Q2 profit drop, expects better second half

Wireless and fixed-network equipment maker Nokia Thursday reported a double-digit fall in profit and sales in the second quarter due to a continuing weak market as clients are holding off investments in 5G technology. The Espoo, Finland-based company reported a net profit of 328 million euros (USD 359 million) for the April-June period, down 20 per cent from 409 million euros (USD 447 million) a year earlier. Net income attributable to shareholders was 325 million euros (USD 355 million), down from 410 million euros a year earlier. Similarly to its Nordic rival Ericsson of Sweden, Nokia has suffered in the past year from operators cutting back on investments into 5G and other telecom technology because of economic uncertainty and high financing costs. Our financial performance in the second quarter continued to be impacted by the ongoing market weakness with net sales declining 18 per cent year-on-year in constant currency, Nokia CEO Pekka Lundmark said in a statement. Nokia's sales

DoT suspends 24,229 fraud mobile connections linked to three numbers

Many of the mobile numbers found in the latest reported cache of connections showed suspected activity and have been disconnected in one go, officials said

Indkal Technologies inks deal with Acer to manufacture, design smartphones

Indkal Technologies will launch a "wide range of smartphone models" under the Acer brand in mid-2024, with a focus on smartphones priced between Rs 15,000 to Rs 50,000, the company said

Nothing shares glowing first look of Phone 2a Community Edition: Check here

Announcing the Stage 1 winners of its Community Project Edition, Nothing unveiled the Phone 2a concept with green-tinted phosphorescent material on the back that it said emits a soft glow in the dark

Revoke licences of POCO OnePlus for anti-trade practices: Retailers to CCI

The All India Mobile Retailers Association (AIMRA) said POCO and OnePlus are violating national regulations and statutes, attributing them as the primary source of various trade issues

Pak authorities to block sim cards of over half a million tax evaders

Authorities in Pakistan have decided to block the mobile phone SIM cards of over half a million tax defaulters as part of the drive to take action against tax evaders. The Federal Board of Revenue (FBR) in an Income Tax General Order (ITGO) said the mobile SIMs of 506,671 individuals, who failed to file their tax returns for 2023, will stay blocked until restored by the FBR or the Commissioner Inland Revenue having authority over the person. It ordered the Pakistan Telecommunication Authority (PTA) and all telecom providers to immediately implement the Income Tax General Order (ITGO) no 01 of 2024 to block their SIMs and file a compliance report by May 15, Dawn News reported. An official source said the FBR has identified 2.4 million potential taxpayers who did not exist on the tax rolls. Notices were subsequently issued to these individuals. The FBR has selected over 0.5 million individuals out of the 2.4 million for SIM blockade based on one criterion: they must have declared ...

Smartphone makers pin hopes on new launches after tepid March quarter

Slowdown in the decline of 2G subscribers hurting smart phone sales

Retailers threaten to stop sale of OnePlus from May over unaddressed issues

The South India Organised Retailers Association (ORA) on Wednesday threatened to halt the sales of OnePlus products in their establishments from May 1, allegedly due to unresolved concerns with the company. In a letter addressed to Ranjeet Singh, Sales Director of Oneplus Technology India, ORA said that throughout the past year, the retailers' body has encountered significant obstacles associated with selling OnePlus products, which remain unresolved. "Despite our persistent efforts to address these concerns with your company, little progress or resolution has been achieved. Promises made have not been fulfilled, leaving us with no recourse but to take this drastic measure. ORA painfully wishes to inform our collective decision to halt the retail of OnePlus products in our establishments from 1st May, 2024, the body said. OnePlus officials could not be reached immediately for comment. ORA alleged that, among other issues, consistently low profit margins on OnePlus products have ma

PLI for mobiles has choked production growth: Zetwerk's Josh Foulger

It suggested that a PLI 2.0 for mobile phones should be modelled on the revamped PLI for IT hardware so that incentives are linked to value addition to avoid the failures of the first scheme

Strong signals: Mobile phone output tops Rs 4.1 trillion in FY24

Industry experts attribute the increase in the average sale price of a phone to customers' shift towards premiumisation, bolstered by the growing adoption of 5G phones

India's smartphone exports to US jump to $ 3.53 bn in Apr-Dec FY24

India's smartphone exports to the US jumped to USD 3.53 billion in April-December this fiscal against USD 998 million in the same period last year, according to the Commerce Ministry data. The increasing outbound shipments led to an increase in the smarphones' market share to 7.76 per cent during April-December this fiscal from 2 per cent in the same period of last year, the data showed. Increasing exports have made India the third-biggest smartphone exporter to the US. An official said that an increase in overall smartphone production has helped in pushing exports. During the nine-month period of this fiscal, the share of China and Vietnam declined. The US smartphone imports from the top five suppliers also declined during April-December to USD 45.1 billion from USD 49.1 billion in FY'23. China exported USD 35.1 billion worth of smartphones to the US market in April-December, down from USD 38.26 billion last year. Vietnam's shipments of phones declined to USD 5.47 billion in ..

Mobile phone manufacturing jumps 21 times to Rs 4.1 trn in 10 yrs: ICEA

Mobile phone manufacturing in value terms jumped 21-fold to Rs 4.1 lakh crore in India in the last 10 years as government policy measures like PLI played a critical role in attracting global players to boost local production, industry body ICEA said in a statement. India now produces 97 per cent of its total mobile phone demand locally and 30 per cent of the total production in financial year 2024 is meant for export, the India Cellular and Electronics Association said. "Mobile phone production surged from Rs 18,900 crore in 2014-15 to an estimated Rs 4,10,000 crore in FY'24, registering an increase of 2000 per cent. In 2014-15, mobile phone exports from India were a mere Rs 1,556 crore. The industry expects to end FY24 with an estimated export of Rs 1,20,000 crore. This would mean a 7500 per cent increase in exports over a decade," ICEA said. According to a note on manufacturing, in the field of smartphones, Apple and Samsung, have played a crucial role in boosting mobile phone ...