India Smartphone Growth

Even as usage rises, internet reach and growth has stalled

It is interesting that the myths around the influence of Confucianism on Southeast Asia come not from Chinese scholars but from futurologist Hermann Kahn

Lowest third-quarter shipment since 2019 as weak demand and device price hurt festive buying

Sale of smartphones priced above Rs 20,000 has increased more than two-fold in five years

Internet-enabled devices in the rural market will also get a push with the government's plan to fiberize all villages by 2025 under the BharatNet programme

The higher prices of widely used raw materials such as edible oils, pulses, television panels, and chipsets are burdening household budgets and threatening the margins of leading manufacturers

Xiaomi - with its 'Mi' brand - has seen significant growth in the mid and premium smartphone segment over the past few quarters, and captured 14-15 per cent market share in Rs 20,000-45,000 segment

A report by research firm Counterpoint earlier in the day had pointed to a 4 per cent dip in smartphone shipment to over 150 million units in 2020

The company gets most of its revenue from selling mobile handsets, but also makes money by selling online ads and other types of consumer hardware

India, which has second position in the global mobile handsets market, is projected to grow to 302 million units this year

Digital transaction will touch $100 trillion in next 10 years: Amitabh Kant