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Mobile Phone Exports: Smartphone makers are hoping for exports from India to continue their strong showing, which will drive their own growth as production levels are reaching their saturation point if only the domestic market is to be served, said market trackers. "The only headroom for growth right now is by increasing exports from India," said Prachir Singh, senior analyst, Counterpoint Research. ....
Smartphone makers are hoping for exports from India to continue their strong showing, which will drive their own growth as production levels are reaching their saturation point if only the domestic market is to be served, said market trackers. "The only headroom for growth right now is by increasing exports from India," said Prachir Singh, senior analyst, Counterpoint Research. ....
According to research firm Canalys, mobile shipments fell 2% to 148.6 million units in 2023, though it marked a recovery from a 6% decline in 2022. The market showed resilience, thanks to improved consumer confidence in the latter part of the year despite brands facing inventory challenges, inflationary worries and demand fluctuations during the year, Canalys added. ....
Samsung has received approval to enable blood pressure measurement and ECG readings on its smartwatches, bringing them on par with the Apple Watch in terms of health monitoring. This move is expected to help Samsung corner market-share in the premium wearables segment and clear existing inventory. ....
Smartphone Shipments: Counterpoint Research expects a 2% year-on-year decline to 149 million units and the fourth quarter to register shipment growth after a flat third quarter. After Diwali, the research firm estimates the rest of the fourth quarter to remain slow, with brands expected to enter the next year with a clean slate. IDC India, however, has revised its forecast downwards to 140-143 million units for the full year 2023, from 144-145 million units estimated earlier. ....