For FY23, India's total merchandise imports stood at $714 billion, which is 16.5% more than last year. This has resulted in a rising current account deficit
The move a day later to push back implementation until November only adds to the sense that New Delhi is making things up as it goes along
Immediate implementation of the licensing requirement for imported electronics could disrupt the PC market, industry warns
HP, with a market share of 33.8% in India has maintained its top spot in the PC market since 2016
While there has been a slowdown in the overall personal computer business, the gaming segment has continued to record robust growth, a senior HP India Official said on Thursday. HP India Senior Director (Personal Systems), Vickram Bedi on the sidelines of the launch of a new gaming PC from the company said that apart from gamers, high-end content creators are also opting to buy gaming laptops which is expanding the market base. "Post pandemic we have seen overall numbers (PC sales) have slowed a little bit but gaming continues to be robust and we are growing faster than the market," Bedi said. At the event , Bedi announced launch of Omen and Victus gaming devices for all types of gamers in India. The new range includes OMEN Transcend 16, OMEN 16, and Victus 16 laptops at price range starting from Rs 59,999 apiece. HP's high end gaming PC OMEN Transcend 16 Laptop will be available at a starting price of Rs 1,59,999.
Dell gave a lukewarm sales outlook that suggests a recovery may take a bit longer than expected. Revenue will be $20.2 billion to $21.2 billion in the current period ending in August
The PC (desktop, notebook and workstation) shipments to mainland China posted a 24 per cent year-on-year decline in the first quarter, Lenovo leads
Shipments of personal computers in Indian market declined by about 30 per cent year-on-year in the January-March 2023 quarter to 29.92 lakh units due to slowing of demand in both consumer and commercial segment, market research firm IDC said on Tuesday. According to International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker, 42.82 lakh PC units were shipped to India in March 2022 quarter. "The India traditional PC market, inclusive of desktops, notebooks, and workstations, continued to drop shipping only 2.99 million units, a decline of 30.1 per cent year-over-year (YoY) in 1Q23 (Jan-Mar)," according to new data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker. According to the IDC report, the demand for desktops was positive during the March 2023 quarter but the notebook category witnessed another weak quarter as it declined by 40.8 per cent YoY. The consumer segment declined by 36.1 per cent YoY .
The hope is that global companies like HP, Dell, Acer, Asus, and Lenovo will move their production to India by giving contracts to EMS players
With software exports hitting a record high of USD 320 billion in FY23, the country's share in global computer services exports has jumped to around 11 per cent in the year, according to an analysis. But the country still lags in the overall services export share at about 4 per cent, according to analysis of the trade data for FY23 by DBS senior economist Radhika Rao. According to her, the strong services trade performance will add to the improving external balance dynamics this year, which is also aided by falling commodity prices. The country's share in computer services exports in the global trade is at a significant 10-11 per cent, while the overall services exports share is only 4 per cent in 2022, according to the DBS analysis. Net service trade under the balance of payments (BoP) jumped from a monthly average of USD 7.3 billion in 2019 to USD 12.9 billion in 2022 and is on course to touch a new of high of USD 13.5 billion in early 2023, said Rao. On a full-year basis, servi
The slowdown in consumer spending over the past year has led to double-digit declines in smartphone shipments and an accumulating glut among the world's foremost memory chip suppliers
Weak demand, excess inventory and a worsening macroeconomic climate resulted in the global shipments of traditional PCs recording 56.9 million in the first quarter of 2023, a huge 29 per cent drop
Sale boom during pandemic waning as consumers delay purchase due to fear of recession: Report
For the entire year, PC shipments reached 286.2 million units in 2022, a 16.2 per cent decrease from 2021
Microsoft has reported 14% decrease in its net profit for its first quarter of 2023 (July-September period) while revenues went up 11 per cent amid global decline in PC sales
Intel will announced the layoffs as early as this month, with the company planning to make the move around the same time as its third-quarter earnings report on October 27
The traditional PC industry continued to decline, with worldwide shipments reaching 74.3 million units in the third quarter of 2022, says a new report.
The Logitech MX Mechanical keyboard and MX Master 3S mouse are premium devices for those who want to be more efficient at their jobs and enjoy the experience at the same time
According to market research firm IDC, Lenovo's shipments grew by 20.5 per cent to 7.52 lakh PC units and it held 17.6 per cent market share in the March quarter of 2022
Year 2022 may see softening of PC uptake due to supply constraints and pricing rise