"During the pandemic everybody was home and started buying consumer electronics," he said at the Web Summit conference in Lisbon on Tuesday
Demand from non-metro consumers, coupled with increased interest in luxury brands, drove festive season sales
Samsung, prioritising its flagship Galaxy S series and enhancing its value-driven portfolio, led the market by value with a 23 per cent share
E-commerce platforms experienced a slow start to their annual festive sales, which began on September 26, but demand picked up after Navratri as consumers received their paychecks
Another eager consumer surnamed Guo said he took a day off from his job in manufacturing to queue from Thursday night
This comes after India's wearable device market declined for the first time ever, by 10 per cent year-on-year (Y-o-Y) to 29.5 million units in the second quarter (Q2) of calendar year 2024
Samsung topped India's smartphone market in terms of value with a 24.5% share, while Vivo and Apple trailed with shares of 16.8% and 16.3%, respectively
India's smartphone shipments fell two per cent year-on-year in June quarter, hurt by the heatwave and slower demand, as per a report by global research firm Counterpoint that showed Xiaomi reclaimed top spot in volume share and Samsung led in value terms. Notably, 5G smartphones captured their highest-ever share of 77 per cent in the overall shipments, according to Counterpoint's Monthly India Smartphone Tracker. Another key takeaway was that India's smartphone market hit its highest ever Q2 value, driven by the ongoing trend of premiumisation. "India's smartphone shipments fell 2 per cent YoY in Q2 2024 (April-June)," it said. The decline was influenced by a heatwave, a seasonal slump, and slower demand from Q1 2024. "In response, OEMs (Original Equipment Manufacturers) hosted sales events in Q2 to clear inventory, leading to a reduced sell-in and a period of degrowth," it said. On the market's volume dynamics, Senior Research Analyst Shilpi Jain explained that heatwave conditio
While smartphone brands are struggling to find consumers for their new rollouts with AI features, experts indicate that AI-backed laptops have a wider use case and, hence, may open up the market
Global smartphone shipments rose 6.5 per cent, according to IDC, while sales to consumers jumped 6 per cent, per Counterpoint Research figures
Swiggy Instamart, Zomato's Blinkit, BigBasket's BBNow, and Zepto may begin delivering smartphones and kitchen appliances by November this year
Launched at Rs 75,999, the Google Pixel 8 is available with discounts and bank offers on Flipkart that bring down the effective cost to Rs 52,999 for the base 128GB storage model
While Flipkart has kicked off early bird offers a day in advance, Amazon India is set to kick off sale offers for its prime members from 12 am to 12 pm on May 2
Select POCO smartphones will be available with a discount of up to Rs 4,000 from May 1 to May 10 on e-commerce platforms Amazon India and Flipkart
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
The Lava O2 is priced at Rs 8,499, but is available at an introductory price of Rs 7,999 on Lava e-store and Amazon India
Offered in Black and White colour options, the Nothing Phone 2a is available on Flipkart and at select retail chains such as Croma and Vijay Sales
The report, which looks at the smartphone production in India from 2014-2024, said that out of all the smartphones sold in India, 97 per cent were made locally within the country
The Moto g24 smartphone is available on Motorola online store, e-commerce platform Flipkart, and select retail outlets
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