The second-hand smartphone market in the country is expected to double in three years to $4.6 billion (roughly Rs. 34,500 crores) by 2025, according to a joint report by mobile devices industry body ICEA and research firm IDC. Consumers traded 25 million smartphones in the second-hand market generating a revenue of over $2.3 billion (roughly … Read more
Smartphone market worldwide recovered to pre-COVID-19 level in 2021 by growing seven percent year-on-year to 1.35 billion shipments, according to a report. The growth reported despite component supply shortages due to the pandemic that are still being faced by most players in the market globally. Samsung retained its market leadership in the year with a … Read more
Smartphone market globally will grow 12 percent in 2021, with shipments reaching 1.4 billion units, according to a report. The growth forecast depicts a strong recovery in smartphone shipments from 2020, when the market saw a dip due to the COVID-19 pandemic. Manufacturers are expected to bring their new 5G phones this year that will … Read more
NEW DELHI: India’s smartphone market has rebounded “very strongly” after the lockdown ended, mainly driven by pent-up demand and demand associated with online education, among others, according to Manu Jain, India managing director at market leader Xiaomi. In an interview with ET, Jain said that production though hasn’t reached its previous levels, and the company … Read more