Smartphone
India to cross Rs 120,000 cr in mobile exports in FY24, Apple to surpass 50% share
The country surpassed a remarkable Rs 90,000 crore worth smartphone exports in the fiscal year 2022-2023. According to the India Cellular and Electronics Association (ICEA), the mobile phone exports have already registered a massive 128 per cent growth in the months of April-May this year.
Samsung likely headed for first quarterly loss in 15 years: Analysts
Samsung Electronics could suffer an operating loss of as much as 1.28 trillion won ($961 million), according to an estimate by Hi Investment & Securities Co. Samsung Electronics could suffer an operating loss of as much as 1.28 trillion won ($961 million), according to an estimate by Hi Investment & Securities Co. Samsung.
India's electronics sector exports cross Rs 1,85,000 cr, mobiles alone surpass Rs 90K cr
The mobile phone exports made history by crossing the $10 billion threshold for the first time in any fiscal year, reaching an estimated $ 11.12 billion (over Rs 90,000 crore) in FY23. Mobile phone exports rose from Rs 45,000 crore in FY 21-22 to Rs 90,000 crore, surpassing the previous estimate of Rs 75,000 crore.
Quick Commerce sees 144% growth in mobile users in 2022: Report
According to Truecaller's Mobile User Growth Trends Report 2022, quick commerce contributed 72 per cent of traffic in Tier 1 cities, with Sundays recording the highest user traffic. However, job portals, which were the top growth category in 2021, faced pushback due to a flat job market.
Oppo mobiles Maharashtra manager nabbed for Rs 19cr GST fraud
The CGST sleuths swooped on the Oppo office and presented the Manager, identified as Mahendra Kumar Rawat, before a court which remanded him to judicial custody till April 3. Rawat has been charged under CGST Act, 2017 Section 69 and 132 based on his confessions pertaining to committing the irregularities.
Global smartphone revenue fall by 9% in 2022: Report
"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.
Global smartphone shipments suffer biggest fall in holiday quarter
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.
Global smartphone shipments fall 17% in Q4: Report
Despite shrinking demand and manufacturing issues in China's Zhengzhou, Apple reclaimed the top spot in Q4 and achieved its highest quarterly market share ever at 25 per cent, according to market research firm Canalys. Samsung finished the quarter second with a 20 per cent market share but was the largest vendor for the full year.
India smartphone market to grow 10% to reach 175 mn units in 2023
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.
2023 smartphone shipments to remain flat amid global slowdown
According to Counterpoint Research, the global smartphone market will see 2 per cent (year-on-year) growth in 2023. Smartphone shipments for 2022 lowered to 1.24 billion units on economic headwinds from the previous forecast.
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