India to become 2nd largest 4G phone market after China next year
The Dollar Business Bureau With explosive growth recorded in data usage, led by lucrative offers from telecom operators such as Reliance Jio and Airtel, India is expected to become the second biggest 4G handset market by 2018, said a report by market research firm Counterpoint on Thursday. With a projected installed user base of around 340 million 4G handsets, India will take over the US as the second biggest market. Currently having a user base of 150 million, India is placed just behind China and the US, said the report. There is speculation that US would see the 4G installed base to rise 245 million from the current 225 million. India too is likely to witness an accelerated growth, led by rising usage ...
We want to increase our penetration into neighbouring countries: Zen Mobile
Interview by Manishika Miglani India has several domestic mobile brands which are trying to compete with the international companies flooding the handset market in the country. Zen Mobile is one such home-grown mobile manufacturer which is a pioneer in bringing affordable devices to the Indian shores while currently holding 4-5% market share in the feature phone segment. In an interview with The Dollar Business, Sanjay Kalirona, Chief Executive Officer, Zen Mobile, talks about the expansion plans of the company including its vision to start exporting and consolidating the 4G product portfolio. TDB: Zen Mobile currently has a 4-5% market share in feature phones in the Indian market. What is your growth forecast for 2017-18 in terms of expanding this share? Sanjay Kalirona (SK): We are growing at a fast ...
Apple excited to be a part of 4G investments in India: Cook
The Dollar Business Bureau Making a statement in Apple’s fourth quarter earnings call on 25th Oct, Apple CEO Tim Cook said, “Looking ahead, we're seeing some very exciting developments in India. Reliance Jio is rolling out a first of its kind all-IP network in India with 4G coverage in 18,000 cities and 200,000 villages across the country.” Apple is partnering with Reliance Jio which is offering a year of free service to new purchasers of iPhones to ensure that the company’s sales remain upbeat on the 4G network. Cook said, “Our iPhone sales in India were up over 50 per cent in fiscal 2016 compared to the prior year, and we believe we're just beginning to scratch the surface of this large ...
Innovative technology drives LGs growth in India
Sharath Chowdary New innovation and latest technology is driving the growth of LG Electronics in India. Innovative product range has helped the company to achieve 26% growth in H1 (January-June) of 2016 when compared to the corresponding period last year, the company’s Director-Sales for South & West Sanjeev Agarwal told The Dollar Business Bureau. “With the recent launches, we are expecting more than 32% growth in H2 of 2016. Consumers will spend more money to buy electronic goods due to the 7th Pay Commission and good monsoon in the coming festive season during September-November,” he said at LG Tech Show 2016 held for the first time in Hyderabad last week-end. To cater the festive demand in the country, LG has introduced 20 different models in TV (32”-98” ...
Lenovo eyes India to boost global sales growth
The Dollar Business Bureau Lenovo, China’s multinational technology giant, is looking towards India to significantly enhance its sales growth worldwide even as sales of smartphone witnessed a slowdown in the Chinese market. The world’s largest PC manufacturer received around $1 billion in revenues from India in 2015. The company is now looking to launch more premium devices in the country, such as the new Moto Z smartphones which can be modified with 'mods'. 'Mods' are specifically designed parts of hardware that snap into place magnetically to provide the smartphones additional capabilities. "We will continue to invest in the market and grow our share here, there is a strong long term potential," said Aymar de Lencquesaing, Senior Vice President ...
4G device sales grow in India by 108% during Q12015
The Dollar Business Bureau Increasing use of smartphones and high-speed wireless internet has propelled the sales of 4G devices in Indian markets. According to a market research, sales of 4G-enabled devices that support high-speed data transfer have increased by whopping 108% between January and March this year. Analysts attribute the upward sales to the rising demand of data card and smartphones across the country. The two segments have witnessed an increase of 287% and 111% respectively during this period, said the quarterly report released by CyberMedia Research (CMR). While the total 4G device shipments in the country reached 2.2 million units during January-March 2015, smartphones dominated the market contributing 97% of the devices sold. And, experts predict the trend ...