More than half of smartphones shipped in 2028 are projected to be GenAI capable, as broader use cases continue to emerge and availability expands across price segments, according to a new report.
Smartphone sales grew 11 per cent (year-over-year) in the first wave of the festive season sales in India between September 26-October 6, a report said on Tuesday.
The gradual growth can be attributed to persistent consumer preference for improved cameras.
The Indian smartphone market shipped 69 million smartphones in the first half of 2024, with 7.2 per cent growth YoY (year-over-year), according to the International Data Corporation (IDC).
According to Muralikrishnan B, president at Xiaomi India, around 35 per cent of the non-semiconductor bill of materials (BoM) for smartphones is currently being locally sourced.
Earlier this week, a Bloomberg report stated that the Indian government is planning to ban Chinese phones under Rs 12,000 in the country.
The Q1 leader Samsung is still leading the market but has seen a significant 2 percent drop in Q2, a new report has said.
NTT Group aims to have the system set up at 200 stores nationwide by fiscal 2024. A subsidiary of NTT East Corp. will provide the service.
On the macroeconomic front, expectations for recovery are now falling sharply and more concerns are spreading centered on China's prolonged recession and the Ukraine crisis.
The report also revealed that over the pandemic, the mental well-being of each younger age group of adults fell much more dramatically.
