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Qualcomm: The first phones with the new chipset are expected to debut in the coming weeks with Xiaomi, OnePlus, Realme, iQOO, Honor, Asus, Oppo, Vivo, and more marking their attendance.
India Business News: Chinese electronics makers OnePlus and Realme have stopped producing and selling televisions in India, despite the category experiencing robust growth
Chinese companies OnePlus and Realme have decided to discontinue the production and sale of televisions in India, according to sources. However, the companies will continue to operate in the smartphone business in the country. This move comes as there is increasing pressure on Chinese companies in India, despite Xiaomi's success in the television category.
Together, the top 5 brands make up for 76% share in India's smartphone market, with others accounting for the remaining 24%.
Chinese electronics makers OnePlus and Realme have stopped producing and selling televisions in India, despite the category experiencing robust growth. Both companies had invested in the smart TV market, which has been boosted by the rise of streaming services and affordable data rates. The move comes as compatriot Xiaomi continues to thrive in the sector. In the first half of 2023, 4.5 million TVs were shipped to India, an 8% YoY increase, according to the International Data Corporation.