Page 2 - Smartphone Market

Nothing raises $96 mn to expand product and technology portfolio: Details

The fundraising round was led by Highland Europe, with participation from existing investors GV (Google Ventures), EQT Ventures and C Capital, and house music supergroup Swedish House Mafia

With demand for handsets, POCO India eyes 75-80% business growth in 2023

Smartphone player POCO India expects a 75-80 per cent year-on-year jump in business in 2023, mainly due to demand for its handsets in the medium and economy segment, a top company official said on Monday. POCO India Country Head Himanshu Tandon told PTI that as per market research firm Canalys, the overall smartphone market in India has declined 10 to 15 per cent and online sales dropped 20 per cent, but Xiaomi's sub-brand has emerged as the fastest growing online label, with a 68 per cent jump in sales for the March 2023 quarter. The launch of three models in the C-series under Rs 10,000 and X5 Pro in the price range of Rs 20,000-25,0000 segment fuelled the company's growth in the first quarter of 2023, he noted. "It's the start of the year, and we have taken very aggressive targets. From a YoY perspective, we want to have 75 to 80 per cent growth compared to last year," Tandon said. He said the first quarter has been on track with 68 per cent growth, and preliminary numbers for t

Vivo exits German market after OnePlus, OPPO due to patent dispute

After OnePlus and OPPO, now smartphone brand Vivo has also exited the German market and said that its products are currently not available in the country

Apple's iOS 17: Check which models will be compatible with new upgrade

Apple has decided to drop software support for some older models, keeping in mind its growing number of smartphone offerings

Hiring sentiment in sales hit due to slowdown in mobile shipments: Report

The report suggested that while there are no job cuts yet, it could be a possibility, given the shipments do not pick up

Samsung faces serious competitor in fast growing foldable phone market

While Samsung is facing a tougher race in the foldable segment, more competition also means a bigger and more creative ecosystem and wider market adoption

Making a mark: Premium moves up the smartphone food chain, shows data

Analysts expect premium smartphone sales to largely propel growth as shipments of entry-level devices hit the skids

India's smartphone market records steepest first quarter decline of 19%

India's smartphone shipments dipped to about 31 milion units in the January-March quarter, thereby recording the steepest fall of 19 per cent in the first quarter on year-over-year basis, market research firm Counterpoint said on Thursday. Mobile phones priced below Rs 30,000 apiece recorded a sharp decline while shipment in the premium and ultra premium category registered 60-66 per cent increase. "This was the highest ever Q1 decline seen by India's smartphone market, besides being the third consecutive quarterly decline. Sluggish demand, high inventory build-up carried over from 2022, growing consumer preference for refurbished phones and pessimistic channel view of the market contributed to this decline," Counterpoint's market monitor service report said. 5G smartphones's contribution to total smartphone shipments reached a record of 43 per cent. "With a 20 per cent share, Samsung led the Indian smartphone market for the second consecutive quarter. It was also the top 5G brand,

India leads global refurbished smartphone market, Apple captures 49% share

5G is growing in the secondary markets and it now makes up 13 per cent of global refurbished sales, according to Counterpoint Research

Global smartphone market falls 12% in Q1 2023, Samsung improves: Report

Apple fell to the second position with a 21 per cent market share, closing the gap with Samsung due to the strong demand for its iPhone 14 Pro series in Q1 2023

New Nokia smartphone X30 5G with 6.43-inch display launched in India

The X30 5G comes with a 16MP front selfie camera, and is equipped with the Qualcomm Snapdragon 695 processor to optimise the potential of 5G

Online smartphone sales cross offline numbers for first time ever in 2022

Several smartphone companies offered online-exclusive deals and discounts helping the e-commerce companies to sell more

Galaxy Unpacked: Samsung unveils Galaxy S23 series with Snapdragon 8 Gen 2

South Korean tech conglomerate Samsung unveiled the Galaxy S23 smartphone series at its Galaxy Unpacked event on Wednesday

Samsung Galaxy S23 Series to be manufactured locally for Indian consumers

Samsung on Thursday said that all Galaxy S23 series smartphones sold in India will be manufactured at the company's Noida factory

Samsung confirms Galaxy S23 series launch during 'Unpacked' event on Feb 1

Samsung on Wednesday officially confirmed the launch date of its upcoming smartphone Galaxy S23 series on February 1 at the tech giant's Unpacked event

Apple sells 2 million iPhones in India during Q4 2022; logs 18% growth

Apple sold 2 million iPhones in India in the holiday quarter (Q4) of 2022, registering 18 per cent growth (quarter-on-quarter) for its flagship device, new data showed on Monday

Cloud 11 event: Everything OnePlus set to launch in India on February 7

OnePlus is set to kick off 2023 with the Cloud 11 launch event, which is scheduled for February 7 in New Delhi, India

Apple becomes No 2 smartphone firm in China despite 3% YoY loss during 2022

Apple became the number two smartphone player in China for the first time in a whole year even after falling 3 per cent (year-on-year) in 2022, a new report has shown

China's smartphone sales plunge to lowest in a decade, says report

In 2022, Vivo retained top spot with a 19.2% market share in China, followed by Apple at 18% and Oppo at 17.5%

OnePlus 11R 5G phone to launch alongside OnePlus 11 5G in India on Feb 7

OnePlus on Wednesday announced on Twitter that it will launch the OnePlus 11R 5G smartphone in India on February 7