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Samsung Galaxy Z Flip: Samsung unveils new foldable phone
Samsung unveiled a new foldable phone, the Galaxy Z Flip. It's the tech giant's sec...
Smartphone brands set to slash marketing spending by around 70% as coronavirus hits sales
Neil Shah, Research Director at Counterpoint Resear...
Samsung faces tough but 'doable' challenge to rise to top in India handset market
The first signs of vulnerability came when Samsung lost the...
Samsung plans big comeback with premium smartphones in India
8 years back, Samsung became the leader in the mobile phone industry in India with the roll out of Galaxy S3.
Samsung withdraws cashback scheme with Amazon Pay after offline retailers protest
The Korean giant has removed the Amazon Pay promotion from its backend with immediate effect.
Xiaomi pips Samsung to become India's first choice in handsets
The Chinese phonemaker topped the overall handset market with 16% share in the quarter, trailed by Samsung and Reliance Retail. Samsung also slips behind Apple in premium segment as smartphone shipments fall 2.8% YoY. Samsung’s smartphone shipments fell 2.8% on year — leaving it with 20.3% market share versus Xiaomi’s 28.6% for 2019 — as other Chinese brands, too, grew share.
Xiaomi replaces Samsung as overall market leader in Q4: IDC
Xiaomi also emerged as the market leader registering annual shipments of 43.6 million units in 2019, the highest ever smartphone shipments made by any brand in a year, with a growth of 9.2% on year, IDC said. Samsung, on the other hand fell 2.8% on-year, leaving it with a market share of 20.3% versus Xiaomi’s 28.6%, for 2019.
Rs 42,000 crore booster from government for India's local mobile manufacturing
According to a report in the Times of India, the production-linked incentive scheme will benefit high end mobile manufacturers and domestic makers the most. The scheme will help in boosting local production of mobile phones and wean away Indian manufacturers from their dependence on China.
Xiaomi, Samsung market share rises, Realme slips
Xiaomi and Samsung increased their respective market shares after the festive season from September till November 2019, while BBK Electronics-led Realme became the only brand which lost significant market share for the same period, according to IDC data.
Domestic phone-maker Lava to raise $90 million from US fund, to invest in R&D
GEM group will make the investment over the next 36 months for through a 'Share Subscription Facility' which will allow the company to sell American depositary receipts to the US fund house in exchange for drawing down available funds, Lava said in a statement.
India proposes incentives to woo Apple, Samsung suppliers
India is mulling a plan to offer interest subsidy on local borrowing by mobile handset manufacturers.
Samsung has become the country’s largest refrigerator maker in the second half of last calendar year: Senior VP, Samsung India
Raju Pullan, senior vice president (consumer electronics business) at Samsung India, said the company has bagged 33.9% value share in the overall refrigerator market in India in the July to November period of last year becoming the leader. In frost free refrigerators, the company had 42.6% share.
Koreans take greater charge of Samsung India's financial transactions
Samsung India is currently undertaking multiple initiatives to boost profit which declined three-fifths in the past two fiscals due to the price war it entered with Chinese companies like Xiaomi, OnePlus, Oppo and Realme in smartphones and televisions. In FY19, Samsung India’s net profit was Rs 1,540 crore, down from its recent peak of Rs 4,156 crore in FY17.
Samsung to set up India’s 1st mobile display plant
The South Korean company is investing more than Rs 3,500 crore in this facility in Noida, as per a regulatory filing with the Registrar of Companies (RoC). It could later be expanded to manufacture displays of other devices as well.
Handset companies hike prices of mobile phones on high GST
“The rupee has depreciated significantly against the US dollar. Since we maintain less than 5% profit margin for all our hardware products, we have no option other than to increase prices,” Manu Jain, India head at Xiaomi, India’s leading handset maker, said in a note to customers.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
