Xiaomi Q3 Revenue Up 22% On Rising Consumer Demand
Xiaomi reported a 22 per cent rise in third-quarter revenue, supported by strong EV performance, record margins, and growing contributions from new business segments.
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National
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India’s Monthly Merchandise Exports Surge To $41.40 Bn In Feb
- by BW Retail World Bureau
- March 16, 2024
India has had a robust 12 per cent annualised growth in merchandise exports, amounting to USD 41.4 billion in February, despite facing global headwinds. This growth has narrowed the contraction in the first 11 months of 2023-24 by 3.6 per cent, reaching USD 395 billion. Services exports for February were estimated at USD 32.15 billion, […]
Electronics
Export
National
News
India’s Electronics Exports Surge 50%, Reaching $23.58 Bn In FY23
- by BW Retail World Bureau
- February 16, 2024
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 […]
Brands
Companies
Electronics
Manufacturing
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Lava International Subsidiary Approved For IT Hardware Manufacturing PLI Scheme
- by BW Retail World Bureau
- January 26, 2024
Lava International’s subsidiary SOJO Manufacturing Services (AP) has recently been approved for IT hardware manufacturing under the Centre’s production-linked incentive (PLI) scheme. The PLI will allow SOJO to manufacture consumer electronic durables such as smartphones, feature phones, accessories, tablets, laptops and other IT hardware for Lava International and other Indian and global brands. In a […]
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Electronics
Finance
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Huawei Defies Odds, Expected Revenue Above $98 Bn On 9% YoY Growth
- by BW Retail World Bureau
- December 30, 2023
Chinese tech giant Huawei Technologies is reportedly expected to exceed its revenue by USD 98.5 billion for 2023, indicating a 9 per cent YoY revenue growth from last year, according to a media report on Friday. The forecast further suggested Huawei’s rebounding after US sanctions in 2019 that damaged some of its business lines. The […]
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Companies
Electronics
International
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Realme Crosses 200 Mn Phone Shipments In 5 Years, Enters Premium Segment
- by BW Retail World Bureau
- November 27, 2023
Realme, the Chinese smartphone manufacturer, said it has shipped over 200 million phones since its inception just over five years ago. According to the company’s data, most of these shipments were out of China, indicating that Realme is the fifth fastest smartphone maker to reach this significant milestone. BBK Electronics, the Chinese consumer who owns […]
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Electronics
Finance
International
Manufacturing
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Apple Supplier Luxshare Shifts Investment To Vietnam, Citing India Tensions
- by BW Retail World Bureau
- November 17, 2023
One of Apple’s major Chinese component manufacturers, Luxshare, has reportedly opted to invest in Vietnam instead of India, citing political tensions between the two nations. According to media reports, Luxshare’s decision to invest USD 330 million in Vietnam’s northern province of Bac Giang comes after several unsuccessful attempts to expand its operations in India over […]
Electronics
International
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Global Smartphone Market In 2023 Faces Its Toughest Year In A Decade
- by BW Retail World Bureau
- October 18, 2023
The global smartphone market is expected to decline for the full year of 2023, plummeting to its lowest level in the past decade. According to the latest report, the primary reason behind this drastic downturn is a notable shift in device replacement patterns, especially within developed markets. The Counterpoint Research report revealed that the third […]
Consumer
E-commerce & Marketplaces
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78% of Consumers To Increase Spending This Festive Season: Study
- by BW Retail World Bureau
- September 27, 2023
Consumers across India are bullish, excited and more eager than ever to shop online during this festive season, as per a study conducted by Nielsen Media India, on behalf of Amazon India. 81 per cent indicated strong sentiment and intent; 78 per cent trust online shopping and 1 in 2 intend to increase online spending, […]
Electronics
International
Manufacturing
News
Global Smartphone Shipments Declines 7.8% in Q2 2023
- by BW Retail World Bureau
- July 29, 2023
Global smartphone shipments declined 7.8 per cent on a yearly basis to 265.3 million units in the second quarter of 2023 (April-June), preliminary data from the International Data Corporation (IDC) showed. International Data Corporation (IDC) is a global market intelligence and advisory services provider. With this, it marks the eighth consecutive quarter of contraction as […]