Page 4 - Smartphone Industry

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

Shrinking market share, govt pressure trouble Chinese smartphone makers

Chinese smartphone brands are fast losing market share in Europe, North America, and Japan. On the other hand, Apple and Samsung have grown as people increasingly prefer premium devices

Smartphone maker Vivo India reports net profit of Rs 211 crore in FY23

Vivo India has reported profits at a time when the overall smartphone industry has seen a 10% decline in shipments

As phone makers become 'exports first', they seek a competitive tax regime

The phone industry told govt that 99% of mobile phones sold in India are produced locally. For companies to grow, they need exports

Upcoming smartphones in India: From OnePlus to Redmi smartphones to buy

There are many latest smartphone devices set to debut in India in December 2023. If you are planning to buy a new device, here are the smartphones that you can consider

Govt concerned about Chinese firms' low share in smartphone exports

Companies like Xiaomi, Oppo, Vivo, and Realme together account for a dominating 74% share of the Indian mobile phone market in terms of volumes. However, their share of exports stands at only 14%

After Samsung, Chinese brands working to introduce flip smartphones

OnePlus, Tecno, and Oppo are all working on their own versions of the foldable smartphone

Apple outpaces Samsung to become largest smartphone exporter from India

Apple has already grabbed the tag of the largest smartphone exporter from India by value due to its premium and super premium segment

Xiaomi supplier to open smartphone plant as India pushes for local

Beijing-based Xiaomi has been compelled to partner with Dixon for smartphone assembly because India is pressing Chinese companies to localize everything from manufacturing to distribution of devices

Optiemus partners with Corning International to produce smartphone glass

Corning specialises in specialty glass, ceramics, and related materials and technologies. The company currently manufactures Gorilla Glass in the United States, Japan, and Taiwan

China dragging global smartphone market to worst year in a decade

"Asia is one of the major hurdles to positive growth, as headwinds halt the economic turnaround anticipated for China," the report said

Smartphone manufacturers expected to hire 60,000 in next 6-12 months

Tamil Nadu is likely to make up for a large part of these jobs, alongside Delhi-National Capital Region, and Karnataka

Vivo Y27 smartphone with 44W fast charger launched in India: Price, specs

Powered by MediaTek Helio G85 processor, the Vivo Y27 packs a 5000mAh mega battery supported by 44W flashcharging technology

Realme C53 budget smartphone with 108MP camera launched at Rs 9999: Details

The Realme C53 will be available on July 19 between 6pm-8pm in the early bird sale. Open sales begin on July 26 at 12 pm on Flipkart and Realme online store

China's Xiaomi bets bigger on India retail stores amid Samsung rivalry

But while 44% of India's smartphones sales are now online, the brick-and-mortar segment remains the bigger play and Xiaomi expects it to grow further

Indian foldable smartphone revenue to cross Rs 6,300 crore by 2023-end

Foldable smartphones are predicted to contribute more than 1.8 per cent of overall smartphone revenues in 2023, Techarc said

Samsung reports worst decline in quarterly revenue in over a decade

The stock slid 2.4% in Seoul, the most in three months, after Samsung reported a larger-than-anticipated 22% decline in sales to 60 trillion won ($46 billion)

Nothing Phone (2): Launch date, expected design, features and more

The upgraded performance and design of the Nothing Phone (2), which will be released on July 11, include curved edges and LED lights on the back panel

Tata Electronic plans to bolster presence in electronics, semiconductor biz

Tata Electronic's expansion plans are being seen as an extension of its ongoing acquisition of Wistron's iPhone manufacturing unit in Karnataka's Kolar district

Vedanta-Foxconn JV set to get govt approval for its chip-making plant

VFSL is a joint venture between India's Vedanta Group and Taiwan's Hon Hai Precision Industry (Foxconn). The two have 63 and 37 per cent stake in the company, respectively