Indian smartphone market to touch $42 bn in sales despite poor 2023 1st half
IANS -
The 140-million smartphone sales target for 2023 is an uphill task but still achievable looking at the big picture that includes the 5G opportunity in the affordability segments, macro-economic conditions and the replacement cycle potential sales, according to market research firm techARC.
China smartphone market shows recovery after worst 2022 sales
IANS -
In four out of five weeks, the sales stayed above 6 million, a level seldom reached in 2022 when the pandemic haunted China's cities from time to time. The Chinese New Year season also started earlier than usual this year, helping the weekly sales walk out of the trough at the beginning of 2023, reports Counterpoint Research.
Global smartphone revenue fall by 9% in 2022: Report
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"The smartphone market remained under pressure in the fourth quarter of 2022 as the cost-of-living crisis, shortage in the labour market and a decline in consumers' purchasing power resulted in double-digit declines in the shipments of each of the top five smartphone players," said Senior Analyst Harmeet Singh Walia.
Rupee not weakened, it is US dollar that has strengthened: Eco Survey
IANS -
On a financial year basis, that is, from April to December 2022, the rupee has depreciated against dollar by 8.3 per cent. Over the same period, the dollar has appreciated by 4.4 per cent in terms of the dollar index. This holds even on a calendar year basis, that is, from January to December 2022, the rupee has depreciated by 10.8 per cent whereas the dollar has appreciated by 6.4 per cent.
Strong macroeconomic fundamentals increased FPI
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The global economic factors, such as inflationary pressures, monetary tightening by central banks and recessionary fears in advanced economies, exerted pressure on foreign portfolio investments (FPI) to sell in Indian markets. Further, investors were also sitting on gains from Indian stocks that could be realised to offset losses elsewhere.
Global smartphone shipments suffer biggest fall in holiday quarter
IANS -
According to an IDC report, the Q4 2022 drop contributed to a steep 11.3 per cent decline for the entire year. The year 2022 ended with shipments of 1.21 billion units, which represents the lowest annual shipment total since 2013 due to significantly dampened consumer demand, inflation, and economic uncertainties.
India's smartphone shipments fall 6% in 2022, moderate growth in 2023
IANS -
According to a Canalys report, Xiaomi was still the number one vendor for the full year. Samsung took the number one spot in the fourth quarter (Q4) for the first time since Q3 2017, shipping 6.7 million units for a market share of 21 per cent. The second place went to vivo, which shipped 6.4 million units, mainly via offline channels.
India smartphone market to grow 10% to reach 175 mn units in 2023
IANS -
India currently has more than 600 million smartphone users, a number which is expected to grow over time as more feature phone users migrate to smartphones. The replacement demand from these users will drive the market in 2023 and beyond, according to Counterpoint Research.
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