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Smartphone sales grew 11 per cent (year-over-year) in the first wave of the festive season sales in India between September 26-October 6, a report said on Tuesday. According to latest estimates from TechInsights, South Korean electronics major Samsung led the smartphone sales volume with a 20 per cent market share. This was led by top-selling models such as Galaxy M35, Galaxy S23, Galaxy A14 and Galaxy S23 FE, etc., according to the report. The first wave of the festive season ...
Smartphone sales grow 11 pc in India festive season`s 1st wave, Samsung leads
With disposable incomes rising amid the premiumisation trend, the sales of luxury smartphones have surged in India in recent quarters, industry experts said on Tuesday. The smartphone shipments of Rs 1 lakh and above increased by 20 per cent (year-on-year) and 10 per cent (YoY) for Q1 2024 and Q2 2024, respectively, according to Counterpoint Research. The shipments in the Rs 1 lakh and above segment accounted for just over 1 per cent of the market in the first half this year. &...
Sale of smartphones worth Rs 1 lakh and above surge in India
Driven by consumers upgrading to higher-value phones across price tiers, India’s smartphone shipments in the January-March quarter (Q1) grew a record 8 per cent (year-on-year) in terms of volume and 18 per cent in terms of value, a report showed on Thursday. 5G smartphone shipments captured their highest-ever share of 71 per cent in volume terms, according to Counterpoint Research. The premium segment reached 20 per cent volume share, its highest ever, and 51 per cent value share ...
India smartphone market grows 8 pc in Q1, 5G shipments share at highest-ever 71 pc
Smartphone brand vivo on Thursday expanded its V-Series portfolio in India with the launch of the V30 series. It includes two smartphones -- V30 Pro and V30. The V30 Pro comes in two colour options -- Andaman Blue and Classic Black and is priced at Rs 41,999 for the 8GB+256GB variant and Rs 46,999 for the 12GB+512GB. The V30 comes available in three colour options -- Andaman Blue, Peacock Green (with colour-changing), and Classic Black and is priced at Rs 33,999 for the 8GB+128GB ...
vivo launches new smartphones under its V30 series in India
China's Xiaomi has told New Delhi that smartphone component suppliers are wary about setting up operations in India amid heavy scrutiny of Chinese companies by the government, according to a letter and a source with direct knowledge of the matter. Xiaomi, which has the biggest share in India's smartphone market at 18%, also asks in the letter dated Feb. 6 that India consider offering manufacturing incentives and lowering import tariffs for certain smartphone components. The Chin...
Exclusive-Xiaomi says India`s scrutiny of Chinese firms unnerves suppliers
Global smartphone market revenues declined by 2 per cent to a little under $410 billion in 2023 compared with a 4 per cent decline in shipments to 1.17 billion units, a new report showed on Friday. This is largely due to a 2 per cent growth in global smartphone average selling price (ASPs) which touched $350 for the first time. Apple led the market with a 50 per cent share of global smartphone revenues, its highest-ever for a full year, according to Counterpoint Research. Conse...
Global smartphone market revenues down 2%, iPhone hits record 50% share
The endless crackdowns on Chinese companies like smartphone brand Vivo underscore the view that India is becoming a "graveyard for foreign companies", China's state-run media Global Times has said. The Enforcement Directorate (ED) has arrested three senior employees of Vivo's India unit, including the interim CEO and CFO and a consultant, under the provisions of the Prevention of Money Laundering Act. The arrests came two months after the ED arrested a Vivo employee an...
India`s suppression of Chinese firms to harm its own industrial development: Global Times
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