Apple has emerged as the leader in the global smartphone market for the year 2023, marking the first time since 2010 that a company other than Samsung has claimed the top spot. Apple’s performance in the fourth quarter of 2023 played a pivotal role in the reshuffling of the market dynamics. The tech giant’s shipments […]
Dixon Technologies’ subsidiary, Padget Electronics, has unveiled its new Noida factory which will manufacture Xiaomi smartphones. The inauguration ceremony highlighted the investment of Rs 256 crore in this facility. The manufacturing plant is expected to generate approximately 5,000 job opportunities. With an annual production capacity of 25 million units, the facility aims to challenge prevailing […]
Smartphone maker Xiaomi Corp posted a forecast-beating jump in third-quarter net income on Monday, while revenue also topped estimates as flat device shipments outperformed the wider market. The company’s sales for the period totalled 70.9 billion yuan, beating an average estimate of 70.2 billion yuan from 13 analysts polled by LSEG. Net income jumped by […]
Chinese electronics companies OnePlus and Realme have announced their decision to halt the production and sale of televisions in India, according to a report by a leading media house published on Monday. Citing undisclosed sources, the report states that both OnePlus and Realme will continue to operate in the smartphone market within the country. This […]
The first week of festive sales in India has seen iPhone sales surge past 1.5 million units. This marks over 25 per cent year-on-year (YoY) growth, as disclosed in a recent report. The data, released by Counterpoint Research, revealed a thriving smartphone market in India during the festive season. The surge in sales was primarily […]
Xiaomi supplier Dixon Technologies India is reportedly in talks to set up a massive new factory on the outskirts of New Delhi, according to a media report. The new factory would be spread over more than 3,00,000 square feet and will largely produce Xiaomi smartphones, the report mentioned. The plant is set to be inaugurated […]
Xiaomi India, the Chinese smartphone brand is reducing its workforce to less than 1,000 employees due to a reorganisation, a decline in market share, and increased scrutiny from government agencies, according to current and former employees of the company. At the beginning of 2023, Xiaomi India had employed around 1,400 to 1,500 people, but in […]
Xiaomi Corp reported a 18.9 per cent drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the COVID-19 pandemic. Sales in the first quarter of 2023 reached 59.5 billion yuan, down from 73.35 billion yuan in the same quarter a year earlier, roughly in line […]
