Smartphone
BlackBerry selling legacy patents for $600 mn
Catapult IP Innovations is a special purpose vehicle formed to acquire the BlackBerry patent assets. Patents that are essential to BlackBerry's current core business operations are excluded from the transaction. BlackBerry will receive a license back to the patents being sold, which relate primarily to mobile devices, messaging and wireless networking.
China's smartphone market grew 1.1% in 2021 despite supply chain disruptions
In 2021, the Chinese smartphone market experienced an L-shaped growth, with Q1 2021 growing amid better Covid-19 containment and stimulus programs, followed by declines in the following quarters given the challenges of supply shortages and lower-than-expected demand for mid-range and high-end products.
India's smartphone market sales crossed $38 bn in 2021: Report
India's smartphone market retail ASP (average selling price) grew 14 per cent (on-year) to reach its highest ever at $227 (nearly Rs 17,000), according to Counterpoint Research. "The price hikes in the budget segment due to component price rise, increasing focus of OEMs on the premium segment and increased demand for mid-range and premium smartphones due to increasing uses and availability of financing options contributed to the increasing ASP," said research analyst Shilpi Jain.
Smartphone sales in India grow 12% in 2021: Report
After a tough start to the year, due to the second wave of Covid-19, India recovered strongly in the second half, reports market research firm Canalys. Following a strong comeback in Q3, smartphone vendors shipped 44.5 million devices in Q4 for 2 per cent growth, despite a challenging supply chain.
Amid chip shortage, Govt announces 76,000 crore incentive package to boost semiconductor manufacturing
The worldwide shortage of chips has enticed India to take a step further and be self-reliant. The Union Cabinet on Wednesday approved a Rs 76,000-crore incentive package to boost semiconductor and display fab manufacturing in the country. The move comes at a time when there is worldwide shortages in the supply of the critical semiconductor componen that has hit industrial production across automobiles, electronics and other technology-led sectors.
Global smartphone sales to end users down 6.8% in Q3: Gartner
Component shortages disrupted production schedules, leading to lower inventory and delayed product availability, which eventually impacted sales to end-users. "Despite strong consumer demand, smartphone sales declined due to delayed product launches, longer delivery schedule and insufficient inventory at the channel," said Anshul Gupta, senior research director at Gartner.
Supply chain constraints end dream run of global smartphone industry
Worldwide shipments declined 6.7 per cent (year-over-year) in the third quarter (Q3) this year and smartphone vendors shipped a total of 331.2 million units during the quarter. The supply chain issues have now compounded, and shortages are affecting all vendors alike.
Xiaomi-led Chinese brands capture 74% of India's smartphone market
Xiaomi led the market with a 22 per cent shipment share while Samsung captured the second spot with a 19 per cent share. Samsung led the mid-to upper-tier price segment (Rs 10,000-Rs 30,000) with a 25 per cent market share while OnePlus registered its highest ever shipments in India (Its Nord series cumulative shipments crossed 3 million units), according to the report from Counterpoint Research.
India to see record smartphone sales at $7.6 billion in festive season
According to Counterpoint Research, the festive season is seeing higher trade-ins and aggressive EMIs that increase device affordability and help consumers bypass multiple price barriers. This has helped drive the sales of mid-to-high tier (more than $200) smartphone models and, subsequently, the overall ASP.
India smartphone market falls 5% in Q3, Xiaomi maintains: Report
Xiaomi at 24% (which was 2% lower from the year-ago quarter) led the market once again, followed by Samsung at 19% (1% lower from the year-ago quarter) and VIVO at 17% (also down by 1%), the data published by the market research firm stated. The year-on-year comparison between Q3, 2021 and Q2, 2021 was tough, because the consumer demand started to rise this year after the control of covid-19 , while last year in the same quarter the consumer demand dipped due to the surge in covid-19.
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