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Francis Mascarenhas - 1 Apple - 1 Narendra Modi - 1 Ming - 1 Chi Kuo - 1 Prabhu Ram - 1 Aditya Kalra - 1 Susan Fenton - 1
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2 mentions found


☆ Exclusive: Apple warns India's EU-style charger rules will hit local production target
  + stars: | 2023-12-05 | by ( Aditya Kalra Munsif Vengattil | Aditya Kalra | Munsif Vengattil | ) www.reuters.com   time to read: +4 min
[1/2] Apple iPhones are seen inside India's first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India, April 17, 2023. While all manufacturers including Samsung (005930.KS) have agreed to India's plan, Apple is pushing back. Apple, whose India lobbying efforts are being reported for the first time, and India's IT ministry, did not respond to Reuters requests for comment. Renowned Apple analyst Ming-Chi Kuo has estimated 12-14% of iPhone production in 2023 will be from India, with the number set to rise to as much as 25% next year. In terms of market share, Apple accounts for 6% of India's booming smartphone market, compared with just about 2% four years ago.
Persons: Francis Mascarenhas, Apple, Narendra Modi, Ming, Chi Kuo, Prabhu Ram, Aditya Kalra, Susan Fenton Organizations: Apple, REUTERS, DELHI, European Union, Samsung, India's, Reuters, IT, Research, Indian, Consumers, Industry Intelligence, CyberMedia, Thomson Locations: Mumbai, India, New Delhi, U.S, KS, EU, PLI, China
☆ Xiaomi's slow shift in India to premium smartphones helps Samsung steal its crown
  + stars: | 2023-03-16 | by ( Munsif Vengattil Aditya Kalra Saurabh Sharma | Munsif Vengattil | Aditya Kalra | ) www.reuters.com   time to read: +7 min
While Xiaomi remained focused on selling mobile phones under 10,000 rupees ($120), Indian consumers were willing to pay up for better looking models with richer features. According to Counterpoint, the market share of the sub-$120 phones in India fell to 26% in 2022 from 41% two years ago. And premium phones - priced above 30,000 ($360) - saw their share double to 11% in the same period. Xiaomi and Samsung both count India as a key growth market, with smartphones their top selling electronic device. And premium phones accounted for only 0%-1% of Xiaomi's total India phone shipments in the last two years, when Samsung's higher-end phones more than doubled their share to 13%, Counterpoint data showed.
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