The five key components, which are indispensable for any smartphone, cost more than Rs 2,000 even for a budget 3G-enabled 3.5-inch handset.
Components manufactured in India are low-value products like casing and box packaging that constitute 5% of the bill for materials required in phone manufacturing.
Tim Cook, CEO of Apple, recently stated that he sees India in the same position that China was seven to ten years ago
Internal management tensions, stiff opposition from Chinese handset makers led to halving of the company's market share
The revival of feature phones in India is driven by low-cost access to the internet, but the 'dumb phones' are learning to get smart and create a niche, says Veer Arjun Singh.
Companies bank on festive season to beat slow market blues
IPL will always be the safest bet for advertisers from April to June.
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