Page 3 - Smartphone Industry

Xiaomi overtakes Samsung as leader in India's smartphone market: Report

A Canalys report found that four out of India's top five highest smartphones shipments came from Chinese brands - Xiaomi, vivo, realme, and OPPO. Korea's Samsung ranked third

Samsung in talks with component partners to boost operations in India

Samsung views India as a crucial market with Noida and Bengaluru becoming one of its biggest R&D centres, and is in talks with Indian component partners to strengthen its operations, a senior official said. Samsung Electronics President and Head of Mobile eXperience (MX) Business TM Roh was speaking at a media roundtable here on the sidelines of Samsung Unpacked 2024. "The Indian market is very important to Samsung. We have operated the manufacturing facility since 1996, and we also have R&D centres in India. Noida and Bengaluru R&D centres have become one of the biggest R&D centres of Samsung and MX business. "They are busy developing flagship products as well as contributing to the development of Galaxy AI technologies," Roh said, adding that these collaborations and efforts will continue in the future. In January this year, Roh termed India as one of Samsung's important manufacturing bases and said that the Korean electronics major will start manufacturing laptops ..

Global smartphone market grows 6% as AI and discounts boost demand

Global smartphone shipments rose 6.5 per cent, according to IDC, while sales to consumers jumped 6 per cent, per Counterpoint Research figures

Oppo claims Byju's owes Rs 13 crore, NCLT designates July 3 as 'Byju Day'

The tribunal, meanwhile, has designated July 3 as 'Byju Day' as nearly 10 petitions are expected to be heard that day against the edtech firm

Great Summer Sale to be the biggest ever this year: Amazon India exec

Premium and 5G smartphone sales are expected to drive growth

Huawei's high-profile consumer boss Richard Yu moves to chairman role

Yu had been CEO of Huawei's consumer unit, which includes its smartphone business, since 2012

Taiwan keen to help India become leader in chip space, says Jason Ho

Ho says Taiwan has sufficient capacity that can be allocated to India, which has designing capability and market demand

Apple 'looking at' manufacturing facility in Indonesia: CEO Tim Cook

Apple CEO Tim Cook said the company is looking at manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday. We talked about the president's desire to see manufacturing in the country, and it's something that we will look out, Cook told reporters after the meeting. Widodo's administration has worked for years to bring manufacturing to the country to power economic development, while Apple is seeking to diversify its supply chains away from China, where most of its smartphones and tablets are assembled. The company began moving some production to countries like Vietnam, and more recently India, after shutdowns to fight COVID-19 in China repeatedly disrupted the company's shipments. I think the investment ability in Indonesia is endless. I think that, there is a lot of great places to invest, and we're investing. We believe in the country, Cook said. The previous day, Cook met Vietnamese Prime Minister Pham Minh Chinh in Hanoi, where he said Apple plans

Apple's iPhone shipments plunge 10% in Q1 as Android rivals rebound

Average selling prices for handsets are rising, as consumers increasingly opt for premium models that they intend to hold on to for longer, IDC's researchers found

Realme eyes top spot in Rs 15-25k segment with launch of P series in 2024

Smartphone maker Realme India aims to garner the highest share in the Rs 15,000-25,000 mobile phone segment this year with the launch of a new portfolio of devices under P series, a senior company official said. While sharing the plans on the P series, Realme India business strategy lead, Tarini Prasad Das told reporters that in 2024, the company aims to achieve the 50 million smartphones sales cumulatively under its partnership with Flipkart. "We aim to lead the Rs 15,000-25,000 smartphone segment this year overall with the launch of the P series. The P series itself is expected to lead the segment," Das said. Realme is among the top five smartphone brands in terms of volume market share. The company had 12 per cent market share in 2023. The company plans to launch the P series in the second week of April in sub-Rs 20,000 price range. Das said that both offline and online sales contribute equally to overall business of Realme and the company is looking to consolidate its leadersh

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

'Next big playground for AI': Samsung taps into Indian 'tech-savvy' market

Samsung's newly launched store, 'Samsung BKC' at Jio World Plaza in Mumbai, is welcoming consumers to experience 'One Samsung' - a concept aimed at promoting its latest AI innovations

Artificial intelligence-enhanced smartphones in search of numbers

Samsung launches A-series phones with AI features below Rs 30K, others in hot pursuit

India to export 30% of its total smartphone production in FY24: ICEA report

The report, which looks at the smartphone production in India from 2014-2024, said that out of all the smartphones sold in India, 97 per cent were made locally within the country

Foxconn, Apple, Samsung to receive Rs 4,400 cr under smartphone PLI scheme

The PLI scheme has boosted mobile phone exports for India, reaching $10.5 billion between April and December 2023

Technology giant Foxconn's CEO Young Liu honoured with Padma Bhushan

The Chief Executive Officer and Chairman of Taiwanese technology giant Hon Hai Technology Group (Foxconn), Young Liu, was honoured with the Padma Bhushan on Thursday

High tariffs impair India's global edge in smartphone sector: ICEA

India's simple average Most Favoured Nation (MFN) tariff for inputs is 8.5 per cent, higher than China's 3.7 per cent, says the report

Apple supplier TDK bets its new batteries will change smartphone game

To keep its lead in the cutthroat smartphone field, where TDK controls more than a third of the battery market, the company will have to keep chasing knowhow, Saito said

Samsung places bet on AI for greater sales as 2024 phone launches kick off

More than a billion smartphones with built-in generative AI are expected to be shipped by the end of 2027, according to Counterpoint Research estimates

2024 to be 'good year' for smartphone industry: Xiaomi India President

The year 2024 promises to be a "good year" for the smartphone industry, Xiaomi India President Muralikrishnan B said on Wednesday as he pointed to the pace of economic growth, positive consumer sentiments, as well as the 5G devices uptick. Terming India as a market of multitudes, Muralikrishnan asserted that there is an opportunity to have compelling 5G offering at every price point. "We enter 2024 with the larger macro context looking a lot more brighter and positive. The Indian economy is among fastest growing large economies in the world. The consumer sentiment is up. And if one were to look at projections for 2024-2025 and beyond, things are looking very positive," Muralikrishnan said at a briefing. For consumer companies these factors are likely to translate to growing consumer spends. "The middle class, which has a huge spending potential, will continue to increase in India and this will be led, to a large extent, by productivity improvement that technology brings. And of cou