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Offline smartphones sales reached 2019 levels in 2022
The offline channel growth of smartphones reached 2019 sales levels in 2021. In 2022, it is projected to grow by 25-30% over 2021 by value in offline channels; thus, the year ahead looks optimistic complemented by festive season sales. All of this is possible due to, we Indians, coming to Normalcy 38% faster than the rest of the world Say experts.
The contribution of the +20K price band category has evolved from approximately 17% in 2017 to 40% in H1’22 in the offline market. This signifies that there is a 2.5X jump in the contribution of +20K handsets from 2017.
The 20k+ price segment shows growth across all tier cities- with Tier 4 cities witnessing maximum growth in the price segment in H12022 vis-à-vis H12019 at a staggering 240% growth followed by Tier 3 cities with 186% growth, Tier 2 at 162% growth, and 86% growth in Tier 1 cities. Tiers 5 and above cities witnessed over 120% growth. The contribution in the same time period was led by Tier 1 cities at 59%.
The GfK’s Consumer Life Study 2022 surveyed amongst the Indian urban consumers, especially the younger demographic, it was observed that 64% like to be seen with the latest tech products. While 46% of them used an electronic payment service like UPI, Paytm, or GPay.
Post-pandemic, the element of convenience is a big factor that influences purchase decisions - 62% of Indian consumers want tech which knows them and can make recommendations, thereby making their day-to-day life easier. These trends cumulatively can offer to be a tailwind opportunity for smartphone retailers in the Indian market.
The ASP of smartphones has increased up to 34% in 2021 vs 2017 while it increased 65% in 2022 Q2 vs 2017 Q1. This positive uptick is an opportunity for both manufacturers and retailers to garner profit in the coming quarters.
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2:50 #PayU terminates BillDesk’s $4.7 Billion acquisition deal
3:22 #Lenovo introducBy VARINDIA | 10 views
5G to bring $1.4 trillion opportunity
Analysts reported that the #5G CPE device market alone will reach $177 billion by 2028 and the total number of 5G devices shipped will reach 1.8 billion by 2028. Integration of 5G technologies with IoT systems will be a key 5G device market driver.
A prediction reveals that the combined economic impact of 5G will be more than $1.4 trillion by 2030. The top impacted countries will be the United States, China, Japan, Germany, and the UK.
The US alone will be $525 billion with China representing the second most impacted country at $220 billion. Japan, Germany, and the UK will share $76 billion, $65 billion, and $54 billion respectively. Much of this impact will be directly or indirectly related to the success of the 5G device market.
5G will support many different form factors including handhelds, hotspots, indoor and outdoor customer premises, IoT modules, USM terminals, dongles and adapters, home appliances, and others.
This 5G device market report is broadly segmented by 5G mobility (non-CPE) and 5G CPE devices. It is also segmented by frequency range including low-band, mid-band, and milli-meter wave frequencies.
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2:07 #FinanceMinister assures commitment to economic reforms amid global challenges
2:50 HAL-L&T bags Rs 860 crore contract for building 5 PSLV rockets
3:26 Ashneer Grover condemns RBI’s digital guidelines
4:03 #CCI approves PayU’s acquisition of BillDesk
4:35 Liz Truss defeats Rishi Sunak and becomes UK’s next PM
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5G to bring $1.4 trilBy VARINDIA | 31 views
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CII Celebrates India@75 - India's IT Journey@75By CII | 226900 views
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29 जून से शनिदेव ने बदली चाल अब क्या होंगा तुला राशि का हाल 139 दिन का वक्री शनिदेव का सफरBy Daati Maharaj | 167 views
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Pilgrim, a vegan skincare brand, has announced that it is launching a lip care range, including lip serums, lip balms, lip scrubs and lip sleeping masks, in a range of fun and deliciously fragrant flavours including bubblegum, blueberry, and peppermint.
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राजस्थान में आज आंधी-बारिश का अलर्ट | उदयपुर, जोधपुर, जैसलमेर सहित 11 जिलों में बदलेगा मौसम
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Soniya Bansal slams Isha Malviya’s relationship with Abhishek-Samarth & Vicky Jain’s toxic behaviour
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Soniya Bansal slams Isha Malviya’s relationship with Abhishek-Samarth & Vicky Jain’s toxic behaviourBy Bollywood Bubble | 679 views
India observes Independence Day with patriotic fervour
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Bigg Boss 17 LATEST VOTING Trend | Kaun Hoga Ghar Se Beghar? | Isha, Samarth, Manasvi, Sana, Arun
Bigg Boss 17 LATEST VOTING Trend | Kaun Hoga Ghar Se Beghar? | Isha, Samarth, Manasvi, Sana, Arun
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Bigg Boss 17 LATEST VOTING Trend | Kaun Hoga Ghar Se Beghar? | Isha, Samarth, Manasvi, Sana, ArunBy Bollywood Spy | 625 views
Pakistan vs Bangladesh | ODI World Cup 2023 | Match Stats Preview, Pitch Report | CricTracker
Pakistan vs Bangladesh | ODI World Cup 2023 | Match Stats Preview, Pitch Report | CricTracker
Welcome to CricTracker, your one-stop destination for everything related to cricket. In this video, we will preview the 31st match of the ICC ODI World Cup 2023 between Bangladesh and Pakistan, which will be played at the Eden Gardens in Kolkata on October 31.
Bangladesh and Pakistan are two of the most unpredictable and exciting teams in world cricket. Both have a rich history of producing some memorable matches in the past, and this one promises to be no different. Both teams are looking to gather momentum and secure their place in the semi-finals.
In this video, we will give you a match stats preview, pitch report, and playing11 for both teams. We will also share our predictions and opinions on who has the edge and what are the key factors to watch out for.
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Pakistan vs Bangladesh | ODI World Cup 2023 | Match Stats Preview, Pitch Report | CricTrackerBy CricTracker | 562 views