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Smartphone Market

Weak demand leaves half of India's mobile manufacturing facilities idle

While mobile phone production capacity reached over 500 million units by the end of 2024, India only produced around 250 million, primarily iPhones for export

Weak demand leaves half of India's mobile manufacturing facilities idle
Updated On : 09 Jan 2025 | 11:56 AM IST

Duty cut on smartphone parts to hit electronics ecosystem, jobs: GTRI

Any reduction in the customs duty on smartphone parts in the forthcoming budget will harm India's developing component ecosystem, discourage investment, increase imports, and make local firms uncompetitive, potentially resulting in job losses, think tank GTRI said on Tuesday. India's smartphone industry is a 'Make in India' success story, with 2023-24 production reaching USD 49.2 billion and exports at USD 15.6 billion, making smartphones the fourth-largest export after diesel, aviation fuel, and polished diamonds. However, a few industry groups are pushing for further import tariff cuts on smartphone components in the Union Budget for FY26. The Global Trade Research Initiative (GTRI) warns that this could harm India's growing local manufacturing ecosystem and long-term ambitions in electronics. "Instead of cutting tariffs, GTRI recommends setting up component hubs near ports to reduce import delays and warehousing costs. This approach, used by countries like Vietnam and China, wou

Duty cut on smartphone parts to hit electronics ecosystem, jobs: GTRI
Updated On : 07 Jan 2025 | 1:03 PM IST

Premium devices demand to push India smartphone mkt to over $50 bn: Report

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

Premium devices demand to push India smartphone mkt to over $50 bn: Report
Updated On : 03 Jan 2025 | 6:49 PM IST

Tadiran Telecom to invest $10 mn annually to manufacture IP phones in India

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

Tadiran Telecom to invest $10 mn annually to manufacture IP phones in India
Updated On : 07 Dec 2024 | 12:00 PM IST

Samsung loses ground to Apple in India's premium smartphone market

Apple recorded all-time records in revenue and shipments in the September quarter, while Samsung slid

Samsung loses ground to Apple in India's premium smartphone market
Updated On : 14 Nov 2024 | 10:36 PM IST

India's smartphone market becomes second largest globally by unit volume

In Q3 smartphone shipments, India accounted for 15.5 per cent of global shipments, second only to China, which led with a 22 per cent share

India's smartphone market becomes second largest globally by unit volume
Updated On : 08 Nov 2024 | 12:35 AM IST

Indian smartphone market value surges 12% in Q3 CY2024: Counterpoint

Samsung, prioritising its flagship Galaxy S series and enhancing its value-driven portfolio, led the market by value with a 23 per cent share

Indian smartphone market value surges 12% in Q3 CY2024: Counterpoint
Updated On : 30 Oct 2024 | 4:57 PM IST

Smartphones priced Rs 10k-20k dominate Indian market: Infinix India CEO

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' .

Smartphones priced Rs 10k-20k dominate Indian market: Infinix India CEO
Updated On : 10 Aug 2024 | 10:04 PM IST

Nothing shares glowing first look of Phone 2a Community Edition: Check here

Announcing the Stage 1 winners of its Community Project Edition, Nothing unveiled the Phone 2a concept with green-tinted phosphorescent material on the back that it said emits a soft glow in the dark

Nothing shares glowing first look of Phone 2a Community Edition: Check here
Updated On : 03 May 2024 | 4:25 PM IST

Apple's iPhone shipments plunge 10% in Q1 as Android rivals rebound

Average selling prices for handsets are rising, as consumers increasingly opt for premium models that they intend to hold on to for longer, IDC's researchers found

Apple's iPhone shipments plunge 10% in Q1 as Android rivals rebound
Updated On : 15 Apr 2024 | 9:13 AM IST

Realme eyes top spot in Rs 15-25k segment with launch of P series in 2024

Smartphone maker Realme India aims to garner the highest share in the Rs 15,000-25,000 mobile phone segment this year with the launch of a new portfolio of devices under P series, a senior company official said. While sharing the plans on the P series, Realme India business strategy lead, Tarini Prasad Das told reporters that in 2024, the company aims to achieve the 50 million smartphones sales cumulatively under its partnership with Flipkart. "We aim to lead the Rs 15,000-25,000 smartphone segment this year overall with the launch of the P series. The P series itself is expected to lead the segment," Das said. Realme is among the top five smartphone brands in terms of volume market share. The company had 12 per cent market share in 2023. The company plans to launch the P series in the second week of April in sub-Rs 20,000 price range. Das said that both offline and online sales contribute equally to overall business of Realme and the company is looking to consolidate its leadersh

Realme eyes top spot in Rs 15-25k segment with launch of P series in 2024
Updated On : 08 Apr 2024 | 12:13 PM IST

IT ministry fears losing out to China, Vietnam in smartphone exports race

Lower tariffs on components is key to India's ambitions to attract smartphone manufacturers

IT ministry fears losing out to China, Vietnam in smartphone exports race
Updated On : 13 Feb 2024 | 4:58 PM IST

Nothing schedules Phone (2a) launch for March 5: Event info, what to expect

Nothing is expected to launch a pair of wireless audio accessories under CMF brand alongside the Phone (2a) smartphone on March 5

Nothing schedules Phone (2a) launch for March 5: Event info, what to expect
Updated On : 13 Feb 2024 | 4:33 PM IST

Xiaomi says India's scrutiny of Chinese firms unnerves suppliers: Report

In the letter, Xiaomi India President Muralikrishnan B. said India needed to work on 'confidence building' measures to encourage component suppliers to setup operations locally

Xiaomi says India's scrutiny of Chinese firms unnerves suppliers: Report
Updated On : 11 Feb 2024 | 10:27 PM IST

Samsung leads smartphone market in India with 18% share in 2023: Report

Korean mobile devices maker Samsung led the Indian smartphone market with an 18 per cent share in 2023, market research firm CyberMedia Research said in a report on Monday. In the December quarter, however, Chinese company Xiaomi had the highest market share, the report said. According to CyberMedia Research (CMR) estimates, the India smartphone market grew 19 per cent on a year-over-year (y-o-y) basis and the share of 5G smartphone shipments increased to 65 per cent with a 122 per cent growth. "Samsung maintained its leadership in the smartphone market with an 18 per cent market share, followed by Vivo at 16 per cent in calendar year 2023. In the 5G smartphone segment also, Samsung topped the leaderboard with 23 per cent followed by Vivo at 15 per cent and OnePlus at 13 per cent," CMR's India Mobile Handset Market Review Report said. In the December quarter, the overall mobile market shipments recorded a growth of 29 per cent. "Xiaomi (19 per cent), Samsung (18.9 per cent), and V

Samsung leads smartphone market in India with 18% share in 2023: Report
Updated On : 05 Feb 2024 | 11:26 PM IST

Apple pips Samsung to become top global smartphone brand in 2023: Report

According to IDC, Apple recorded an all-time high market share of over 20 per cent in 2023, driving it ahead of Samsung that recorded a market share of 19.4 per cent in the same year

Apple pips Samsung to become top global smartphone brand in 2023: Report
Updated On : 16 Jan 2024 | 5:02 PM IST

Global smartphone market sees growth after over 2 yrs in October: Report

The data showed that global monthly smartphone sell-through volumes grew 5%, making October the first month to record year-on-year growth since June 2021

Global smartphone market sees growth after over 2 yrs in October: Report
Updated On : 22 Nov 2023 | 8:31 AM IST

Xiaomi posts first sales rise in almost two years as phone market firms

The recent launch of a well-received line of flagship Xiaomi 14 phones could rejuvenate growth during the holidays in China, despite an uncertain consumer economy

Xiaomi posts first sales rise in almost two years as phone market firms
Updated On : 20 Nov 2023 | 4:38 PM IST

Lava eyes 10% smartphone market in 2 yrs with investment of Rs 600 crore

Home-grown mobile devices maker Lava International expects to capture 10 per cent market share in under Rs 30,000-priced smartphone segment on account of up to Rs 600 crore investment in product development and marketing in the next two years, a senior company official said. Lava International President Sunil Raina told PTI that at a time when several Indian mobile phone companies succumbed to the pressure of aggressive pricing of foreign players around 2016-17 coupled with challenges posed by demonetisation and GST implementation, Lava focussed on its core strength and re-worked on the growth strategy. The company relaunched its smartphone business with a small pause with focus on customer experience around devices and providing repair service at home, Raina said. He said that the company has realised that technology has to be competitive for growth along with visibility. "With branding and product development, we will invest Rs 500-600 crore in the next two years with a large par

Lava eyes 10% smartphone market in 2 yrs with investment of Rs 600 crore
Updated On : 02 Oct 2023 | 7:03 PM IST

China dragging global smartphone market to worst year in a decade

"Asia is one of the major hurdles to positive growth, as headwinds halt the economic turnaround anticipated for China," the report said

China dragging global smartphone market to worst year in a decade
Updated On : 17 Aug 2023 | 11:32 AM IST