#Indiasmartphonemarket declined 10% year-over-year shipping 43 million units in July-September 2022. This was the lowest third-quarter shipment since 2019 despite an earlier onset of the Diwali festivities. Weakening demand and increasing device prices negatively impacted festive buying, #IDC's Worldwide Quarterly Mobile Phone Tracker report said.
Experts said that the inventory pile-up and post-festive cyclical demand tapering will lead to a muted December 2022 quarter and the annual shipment of 2022 is likely to decline by 8-9% to around 150 million units.
The major challenges going into 2023 are the impact of inflation on consumer demand, increasing device costs, and slow feature phone-to-smartphone migration. However, the migration of 4G smartphone users to 5G smartphones should give a growth fillip to the market in 2023, especially in the mid-premium and above segments.
The report further highlights, online channels had the upper hand during the September 2022 quarter as they clocked a record 58% share, although with flat year-over-year growth with shipment of 25 million units. Multiple rounds of e-tailer sales like The Big Billion Days on Flipkart and Amazon Great India Festival, were supported by preferential platform pricing, online exclusive deals, and offers and discounts.
Amidst all the action in the online channels, offline shipments declined by 20% Year-on-Year as they struggled to generate demand while competing with aggressive online plays.
Xiaomi led the smartphone market during the quarter with 21.2% share while Apple led the premium category with a 63% share in the segment. Samsung regained second slot with 18.5% share. It was followed by Vivo with 14.6% share, Realme 14.2%, and Oppo 12.5% market share.
Today's Headline in NewsHours
0:00 Intro
2:45 India is at low risk of recession, says RBI Governor
3:15 #Zomato shares fall over 4% in early trade
3:50 #NITES alleges Am.
#Indiasmartphonemarket declined 10% year-over-year shipping 43 million units in July-September 2022. This was the lowest third-quarter shipment since 2019 despite an earlier onset of the Diwali festivities. Weakening demand and increasing device prices negatively impacted festive buying, #IDC's Worldwide Quarterly Mobile Phone Tracker report said.
Experts said that the inventory pile-up and post-festive cyclical demand tapering will lead to a muted December 2022 quarter and the annual shipment of 2022 is likely to decline by 8-9% to around 150 million units.
The major challenges going into 2023 are the impact of inflation on consumer demand, increasing device costs, and slow feature phone-to-smartphone migration. However, the migration of 4G smartphone users to 5G smartphones should give a growth fillip to the market in 2023, especially in the mid-premium and above segments.
The report further highlights, online channels had the upper hand during the September 2022 quarter as they clocked a record 58% share, although with flat year-over-year growth with shipment of 25 million units. Multiple rounds of e-tailer sales like The Big Billion Days on Flipkart and Amazon Great India Festival, were supported by preferential platform pricing, online exclusive deals, and offers and discounts.
Amidst all the action in the online channels, offline shipments declined by 20% Year-on-Year as they struggled to generate demand while competing with aggressive online plays.
Xiaomi led the smartphone market during the quarter with 21.2% share while Apple led the premium category with a 63% share in the segment. Samsung regained second slot with 18.5% share. It was followed by Vivo with 14.6% share, Realme 14.2%, and Oppo 12.5% market share.
Today's Headline in NewsHours
0:00 Intro
2:45 India is at low risk of recession, says RBI Governor
3:15 #Zomato shares fall over 4% in early trade
3:50 #NITES alleges Am
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Impact of Supply chain on Smartphone shipments
The ongoing October-December quarter is expected to see a decline in smartphone sales in the country due to the ongoing supply chain related challenges, resulting in annual shipments below 160 million in 2021, as the report from IDC and the first half of 2022 will remain challenging, with some easing out expected in the latter half of 2022. Vendors/channels will keep an eye on the over-stocking situation in case demand stays limited due to the price hikes by the suppliers and vendors. IDC reveals that, India’s smartphone market registered a year-over-year (YoY) decline of 12% in 3Q21 (Jul-Sep), shipping 48 million units after four consecutive quarters of growth. Much of this can be attributed to component shortages as well as an unusually high 3Q20 comparison base whereas this year’s post-lockdown demand was addressed by July.
During the July-September quarter, the online channels clocked a record high 52% share, although with a 5% YoY shipment volume decline. At the same time, the eTailer sales festivals such as the Big Billion Days on Flipkart and Amazon Great India festival started in early October, even before the Navratri festival this year, continuing until Diwali. Whereas, the offline channels registered an 18% YoY shipment decline. IDC expects online shipments to surpass offline shipments in 2021. The report further says that India was the third-largest 5G smartphone market globally, with 7% of worldwide 5G shipments shipping 10 million units at an ASP of US$401 in 3Q21. IDC believes that a growing dependency on smartphones is triggered by remote work and learning, as well as a subsequent requirement for better quality hardware is pushing consumers to spend more. With continued chip shortages and logistics costs, brands are also compelled to expand upwards in terms of price points across channels,” said the experts of IDC. A report from Counterpo
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The India wearables market shipped 13.9 million units in 1Q22, up 20.1% YoY (year-over-year) according to the recent data from the International Data Corporation’s (IDC) India Monthly Wearable Device Tracker. This growth can be attributed to new launches, discounts across channels, and aggressive marketing by brands. The ASP of the overall category declined 17.1% YoY primarily due to a stronger decline in the ASP of watches. Watches continued to be the fastest-growing category shipping 3.7 million units with a growth of 173.0% YoY in 1Q22 (Jan-Mar). Basic watches accounted for 95.1% of the overall watch category shipments. Aggressive competition at entry-level price points helped the basic watches grow 202.1% YoY, whereas the smartwatch shipments declined 4.2% annually. Furthermore, the ASP of the watches declined 41.5% YoY to reach $50.3 in 1Q22 compared to $86.0 in the same quarter last year. On the other hand, Wrist bands continued to decline annually for the 9th consecutive quarter. Overall wristwear (which includes watches and wrist bands) grew 87.5% yearly in 1Q22, with a total shipment of 4.0 million units.The earwear category accounted for 71.3% of the overall wearables category; the true wireless stereo (TWS) devices grew to 48.3% from 34.2% in 1Q21, with a growth of 48.2% YoY. India wearables market records double-digit growth in January-March, BoAT, Noise on top.
Aggressive discounts, new features, and a strong push from brands and channel partners are encouraging consumers to upgrade and spend more on wearable watches. While dependence on devices like TWS and wearable watches is increasing, supply remains a concern for the industry. Intense competition in the sub $50 category is pushing all brands to offer competitive offerings in terms of pricing, features, and device design. The outlook for 2022 remains strong as wearables will try to attract users in Tier 2 and Tier 3 cities. The healthy growth is attracting newer players to the market, as br
Technology video | 194 views
** Humanity 5000 for building a house for the poor. Talakondapalli S.i .Varaprasad ** A man named Vadde Suresh was injured in a road accident three years ago in Ippalapally village in Talakondapalli mandal of Rangareddy district. Talakondapalli S.i. Varaprasad was financially assisting in the construction of their home with humanity. Essayist Varaprasad said that Rs. Politicians in Gattuippalapally urged the village youth and elders to come forward and help as cement is being given for the construction of the house. Intellectuals. There are many government employees who want to help and support the family of Vadde Suresh with a big heart. Village Sarpanch Jayamma Venkataya. Vice MP Srinivas Reddy. Ward number members are oxen Mahesh village elders Damodar. Krishnayya. Chickens are dark. Sridhar Reddy. Vijender. Promised to do their part to help. King in this show. Rajasekhar. Ashok. Mahender. Srisailam. Village elders and village youths participated.
5000 BUILDING HOUSE FOR POOR TALAKONDAPALI S.I .VARPRASAD AMAN ACIDENT 3YEAR AGO RANGAREDY HUMANITY
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By 2025, India’s artificial intelligence (AI) market is expected to grow at a five-year compound annual growth rate (CAGR) of 20.2 percent and is going to touch $7.8 billion in total revenues by 2025, as per a report of IDC.
Indian AI market to touch $7.8B by 2025 as per IDC
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सोमवार को पहले थोक महंगाई दर और फिर शाम को खुदरा महंगाई दर के उत्साहजनक आंकड़े आने का असर आज भारतीय बाजार पर दिखाई दिया... इस बीच अंतरराष्ट्रीय बाजारों से भी अच्छी खबरें मिलती रहीं.... जिससे सेंसेक्स में गिरावट के दौर पर ब्रेक लग गया... और बंबई स्टॉक एक्सचेंज का सेंसेक्स 465 और निफ्टी 149 अंक उछल गया.
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Gurpal Singh, Sr Market Analyst, IDC CCR India at Cyber Security India Conclave 2017
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Semiconductor market to grow by 17.3%
The semiconductor market is expected to grow by 17.3% in 2021 versus 10.8% in 2020. The industry will see normalization and balance by the middle of 2022, with a potential for overcapacity in 2023 as larger scale capacity expansions begin to come online towards the end of 2022 as per IDC. The growth is driven by mobile phones, notebooks, servers, automotive, smart home, gaming, wearables, and Wi-Fi access points, with increased memory pricing. IC shortages are also expected to continue easing through 4Q21 as capacity additions accelerate. The report further states, 5G semiconductor revenues will increase by 128 per cent, with total mobile phone semiconductors expected to grow by 28.5 per cent. Game consoles, smart home, and wearables will grow 34 per cent, 20 per cent and 21 per cent, respectively. Whereas, the automotive semiconductor revenues will also increase by 22.8 per cent as shortages are mitigated by year-end. Notebook semiconductor revenues will grow by 11.8 per cent, while X86 Server semi revenues will increase by 24.6 per cent.
Despite the current Covid-19 wave, consumption remains healthy. IDC reports that dedicated foundries have been allocated for the rest of the year, with capacity utilization at nearly 100%. Front-end capacity remains tight but fabless suppliers are getting the production they need from their foundry partner. Front-end manufacturing is starting to meet demand in 3Q, however, larger issues and shortages will remain in back-end manufacturing and materials. The industry will see normalisation and balance by the middle of 2022, with a potential for overcapacity in 2023 as larger scale capacity expansions begin to come online towards the end of 2022. Overall, IDC predicts the semiconductor market to reach USD 600 billion by 2025 - representing a CAGR of 5.3 per cent through the forecast period. This is higher than the ty
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Rupee hits new low: Dollar getting stronger against other currencies, says Market expert
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