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India Smartphone Market
Rising demand for premium devices, led by Apple and Samsung, is expected to increase India's smartphone market size to over USD 50 billion (about Rs 4,28,900 crore) this year, market research firm Counterpoint Technology Market Research said on Friday. The Indian smartphone market size was estimated at USD 37.9 billion (about Rs 3.25 lakh crore) in 2021, according to the research firm. "India's smartphone market is on track to achieve its highest-ever value in 2025, crossing USD 50 billion. Brands like Apple and Samsung are leading this shift by offering competitive options in the premium and ultra-premium segments," the report said. Apple India has registered a total income of Rs 67,121.6 crore, while Samsung reported revenue of Rs 71,157.6 crore from the mobile phone vertical in the financial year 2024. According to the report, the retail average selling price of India's smartphone market is expected to cross the USD 300 mark (about Rs 25,700) for the first time in 2025. "Apple
Israel-based unified communications company Tadiran Telecom plans to invest at least USD 10 million (about Rs 80 crore) annually to manufacture IP telephones in India, a top company official has said. IP telephones support multiple communication functions, including conference calls through apps, and are generally used in business organisations. The company has partnered with DCM Shriram for manufacturing IP phones. Tadiran Telecom CEO Moshe Mitz, on the sidelines of an event to announce its manufacturing plan in India, said the company is likely to invest more every year in the second phase of production expansion, which will include Software development. "We plan to make 1,00,000 IP telephones in India every year. This is a conservative number. We have allocated USD 10 million for one year for our manufacturing project. Investment will increase based on the performance," Mitz said. Tadiran has been operating in India for the last 26 years through channel partners. Mitz said tha
Prime Minister Narendra Modi on Wednesday said resilience of supply chains is critical for the economy as he made a pitch to boost investments in domestic manufacturing of semiconductors -- the foundation of everything from smartphone to EV and AI. Speaking at the SEMICON 2024 conference on the outskirts of the national capital, the Prime Minister said the Covid pandemic showed the importance of the supply chain and underscored the need to act to ward off any disruption. "Resilience of the supply chain is very important," he said. "India is working to create the same in different sectors of the economy." The world witnessed supply shocks during Covid-19, as stringent measures to control the spread of pandemic in China affected the industries and sectors dependent on imports from that country. One of the sectors impacted was chips that form a critical part of every electronic device. Prime Minister showcased India's reformist regime, stable policies and a market that has tasted ...
Mobile phones priced in the range of Rs 10,000-20,000 dominate the country's smartphone industry, constituting over 40 per cent of the total market size, according to Infinix India CEO Anish Kapoor. Kapoor said the demand for 5G-enabled handset has increased in the recent past and devices priced between Rs 10,000 and Rs 20,000 see higher demand as compared to those priced below Rs 10,000 that used to dominate the market earlier. The stagnancy, which was in the market for the past two years, has changed, and the market has once again started to grow back, said Kapoor who was in Lucknow on Thursday for the launch of the company's latest smartphone Note 40X 5G. "...earlier the phones which were priced under Rs 10,000 used to dominate the market in India, and it was around 35 per cent to 40 per cent. Now, the major market has gone to the mobile phones priced in the range Rs 10,000 to Rs 20,000 now, which is close to 43 per cent," Kapoor told PTI. He attributed the new trend to users' .