Major Chinese third-party retailers, JD.com, TMall and Pinduoduo are vying for consumers by giving even steeper discounts on Apple’s iPhone 15 just five months after its introduction, as the US tech company’s sales in China stagnate. The newest round of reductions follows similar hefty discounts provided by internet businesses in October. Third-party shops are also […]
The latest data from the commerce department revealed that China’s total shipments of personal computers and laptops to India stood at 89.4 per cent in December, which when compared to the period from April to December was found to be at 76.4 per cent in FY 2024. December spelled a different story for China’s imports […]
Flipkart and Chinese smartphone manufacturer OnePlus have been fined Rs 30,000 for marketing a used phone as new. In addition to the penalties, the State Consumer Disputes Redressal Commission in Chandigarh has ordered that the firms repay the whole money paid by the complainant, Ashwani Chawla. Padma Pandey and Preetinder Singh, commission members, presided over the […]
A recent Morgan Stanley analysts’ note makes a crucial observation: should India maintain its growth trajectory while Chinese iPhone shipments remain stagnant, India could potentially surpass Chinese iPhone market by 2027 It’s no secret that Apple has been significantly ramping up its focus on India in the aftermath of Covid and facility-related disruptions in China. […]
Xiaomi has launched its latest flagship smartphones, the Xiaomi 14 series, globally, with an upcoming release in India on March 7. The series includes two models, Xiaomi 14 and Xiaomi 14 Ultra, both developed in collaboration with renowned German camera maker Leica. At a grand event held in Barcelona ahead of MWC, Xiaomi introduced these […]
Indian smartphone brand Lava has emerged as the fastest-growing player in the crucial Rs 10,000-Rs 20,000 segment for both 2023 and the final quarter of the year, according to market research firm Counterpoint. This achievement underlines the company’s success in navigating the highly competitive Indian smartphone landscape. Throughout 2023, Lava witnessed growth, particularly in the […]
Google has told suppliers to start making its Pixel smartphones in India by the next quarter at the earliest, as part of the search engine giant’s aim to further diversify its supply chain away from China and capture the booming Indian smartphone market, Nikkei Asia has reported. As per the news report published on Thursday, […]
Appliance maker Whirlpool is selling a 24 per cent stake in its Indian unit this week for up to USD 451 million via stock market deals, according to a term sheet seen by Reuters, amid record stock markets in the country. Whirlpool plans to sell the stake at a price of Rs 1,230, a 7 […]
India’s wearable market witnessed unprecedented growth in 2023, with 34 per cent surge in sales, reaching a historic high of 134.2 million units. The growth was fueled by good performances in both the smartwatch and earwear segments. Smartwatch shipments saw 73.7 per cent year-over-year (YoY) increase, totaling 53.4 million units in 2023. Market dynamics shifted […]
India’s electronics industry witnessed a big surge in exports during the fiscal year 2022-23, as reported by the Electronics and Computer Software Export Promotion Council (ESC). The sector experienced a growth rate of over 50.25 per cent compared to the previous year, culminating in exports totaling USD 23.58 billion. This surge in exports was attributed […]
