Samsung India Electronics on Tuesday said that it would launch a slew of hi-end mobile phones in India this year targeting the consumer segment looking for upgrades.
Samsung Electronics Co, the world's third-largest handset maker, said on Friday it was considering building a mobile handset plant in India.
Electronics major Samsung has received orders for around 1.4 lakh units of its premium smartphone Galaxy S23 worth a total of Rs 1,400 crore on the first day of its pre-booking for the device, a senior company official has claimed. Samsung India, Senior Vice President for Mobile Business, Raju Pullan told PTI that the pre-booking for Samsung Galaxy S23 is almost twofold compared to the previous version of the smartphone Galaxy S22. "We have clocked almost 1.4 lakh units as pre-book in the first 24 hours and this is almost two times of Galaxy S22.
Exports of electronics goods has risen by 24 per cent from April to November as compared with the same period in the last fiscal, the largest increase out of India's top 10 export categories. The increase has been propelled by mobile exports under the Production Linked Incentive (PLI) scheme and has pushed electronics up from sixth to fifth position in the top 10. A gap of $200 million separates electronics from occupying the fourth position, currently held by drugs and pharmaceuticals at $17.9 billion.
The move will help the company to strengthen its position in the segment, which is witnessing explosive growth.
India's smartphone exports have set a new benchmark, surging past the $2 billion mark in October - the highest monthly total ever recorded. This milestone, according to estimates from the Indian Cellular and Electronics Association (ICEA), an industry body representing both global and domestic mobile device manufacturers, underscores the country's growing prominence in global mobile supply chains.
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Smartphone supplies in India grew by 6 per cent to 4.6 crore in the July-September quarter with Vivo leading the chart and iQoo clocking the highest growth rate among top 10 brands, a report by market research firm IDC said on Wednesday. The market was dominated by Chinese players, with leading brands cornering around 72 per cent market share during the quarter. "The Indian smartphone market grew for the fifth consecutive quarter.
India has become world's 2nd largest mobile phone: Modi
While the MRP of the device is Rs 37,380, Samsung Galaxy Note II is being sold at much lower prices on e-commerce portals.
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Samsung is lining up new products, increasing focus on e-commerce channels and tightening its grip over retail outlets.
The finance ministry is looking at a reworked proposal from mobile device makers on how to fight the rampant and growing smuggling of very high end phones. The proposal suggests reducing the basic customs duty (BCD) on phones which have a CIF (cost, insurance and freight or price at landing in the port) value of over Rs 35,000-Rs 40,000. The retail value of these phones is upwards of Rs 70,000.
'Last year we sold 18 million phones in India, this year we should do 23-24 million, and next year our target is to hit 40 million.'
Samsung plans to increase capacity to make 100 million phones in India by 2020, which will be sold here as well as exported.
'If you are watching cricket and don't want to leave the screen, you could check the menu and order through Zomato (or any other app) from a small part of your screen. That is what we are working towards.'
Apple's ambitious strategy to expand iPhone exports, shift more production from China to India at a faster pace, and grow its domestic market hits a Trump-sized roadblock.
Samsung Galaxy i899 will offer an enhanced experience of seamless speed data on the move, offering speeds of up to 3.1 Mbps to Reliance Mobile customers.
The Galaxy S20 series, unveiled in San Frisco, USA, at Samsung's 'Unpacked 2020' event, also features a new, secure processor which protects against hardware-based attacks. According to the company, the new phones have significantly increased camera resolution. S20 and S20+ have a 64MP camera and the S20 Ultra has a 108MP camera.
Mobile device maker Realme has overtaken South Korean giant Samsung to grab the second spot in the branded smartphone market, with 18 per cent volume share in October this year, revealed Counterpoint Research. Its rival Samsung ended October with 16 per cent share. Xiaomi (including its brand POCO) was at 20 per cent; Vivo at 13 per cent. The ascent brings Realme closer to its ambition to reach the No. 1 berth by 2022 when it hopes to sell over 40 million smartphones annually.
Dixon Technologies' January-March quarter (Q4) results came in well below expectations, but the potential for signing up a new mobile client, and plans for backward integration into display manufacturing kept investors happy. Dixon's Q4FY24 revenue grew 52 per cent year-on-year (Y-o-Y) to Rs 4,660 crore, below Street consensus, due to weakness in consumer electronics (Rs 890 crore) and home appliances (Rs 294 crore) segments.
A Chhattisgarh government employee allegedly drained out 41 lakh litres of water from a weir after his mobile phone fell into it in the state's Kanker district, an official said on Friday.
Chinese smartphone company Xiaomi led the Indian smartphone market during the April-June 2022 period despite a 22 per cent decline in its sales volume, a Cyber Media Research (CMR) report said on Thursday. Xiaomi stayed on top position with 20 per cent market share, followed by Samsung with 18 per cent share. The Korean phone maker, however, led the growth in 5G phone category with 28 per cent market share in that segment, according to the report.
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Samsung India on Tuesday announced the launch of four new mid-segment smartphones - Galaxy A3, Galaxy A5, Galaxy E5 and Galaxy E7.
History of electronics indicates that no company, nor any nation for that matter, has been able to cement pole position and maintain it through several cycles. he death of its iconic promoter, Lee Kun-hee, raises questions over how long the chaebol can maintain its gigantic footprint in the global electronics industry, says Devangshu Datta.
After the government backtracked on its plan to impose Customs duty on pricier components, Samsung has decided to begin production of key mobile parts in Noida from April.
The worldwide mobile phone sales totaled nearly 426 million units in the first quarter of 2013, a slight increase of 0.7 per cent from the same period last year.
Smartphones have been a key success story of the government's production-linked incentive scheme, helping India become the second-largest mobile phone manufacturing country, after China.
It's expensive but full of surprises, says Khalid Anzar.
Galaxy S10+ will be available in 1 TB, 512GB and 128 GB storage variants and will be priced at Rs 1,17,900, Rs 91,900 and Rs 73,900, respectively. The Galaxy S10, on the other hand, will retail for Rs 84,900 (512 GB variant) and Rs 66,900 (128 GB). S10e would be available in only 128 GB storage variant and will be priced at Rs 55,900.
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