India has changed digitally at a fast pace with the use of smartphones, and businesses will expand in the country in the coming years, a senior Samsung official said here. Samsung SouthWest Asia President and CEO JB Park said Digital India kind of projects were adopted in Korea in the past that brought growth and development in the country. India has a vast population under an average of 30 years, which will push for growth in demand and business, he added. "You have to think about the expanding population in India, and the proportion of people who are young, say below 30 years. You have to look at the penetration of each category, such as smartphones and refrigerators. If you look at India, in the next 20 years, the demand will not be soft, and businesses will expand," Park, who oversees India business, said. Samsung, at present, leads the India market in several technology verticals. Samsung led the Indian smartphone market with a 20 per cent share in the January-March 2023 quar
Smartphone company iQOO continues to witness growth in the industry as customers of iQOO are varied in comparison to those customers of its parent firm VIVO, a top official said on Tuesday, as the company launched its latest iQOO Neo 7 Pro. iQOO has priced the iQOO Neo 7 Pro at Rs 32,999. Company CEO Nipun Marya said his company has become the fastest growing Android-smartphone brand in Tamil Nadu. "Power and performance are the key USPs of the iQOO products and therefore the needs of customers and the usage of customers of iQOO smartphones are very different from VIVO customers," he told PTI in an interaction. Elaborating, he said VIVO and iQOO cater to different consumer segments. Most students prefer iQOO, he added. "While VIVO products are very good and the best in the industry when it comes to camera and design, iQOO tops with power and performance which are the key USPs of the iQOO products," he said. The company produces iQOO brand of smartphones at the VIVO assembling uni
Realme Pad 2 is the latest addition in Chinese smartphone maker Realme’s tablet portfolio in India. The tablet sports an 11.5-inch 2K display of 120Hz refresh rate.
Smartphone maker Xiaomi is betting big on the Rs 10,000-15,000 device segment to regain its lost market share, a senior official of the company said on Friday. Xiaomi India, President, Muralikrishnan B said that the company has come up with a reset strategy and will focus to be "India's most loved and trusted smartphones" and IOT brand with "focus on efficiency and sustainability with a secure foundation." He said that Xiaomi will operate with a leaner product portfolio and focus on democratising 5G in the country. "Today most of the 5G devices that are being sold are above Rs 20,000. There is an increase in penetration in Rs 15,000-20,000 but mass of the market, the belly of the market is going to be in Rs 10,000-Rs 15,000 where there is a clear opportunity for Xiaomi to replicate what we did with 4G and recreate that 5G magic," Muralikrishnan said. According to Counterpoint Research, the Rs 10,000-Rs 20,000 price segment had recorded the steepest decline of 34 per cent on a ...
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