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News on Medial
Apple dominates Indian tablet market in 2023 with 25% market share
Economic Times
·
1y ago
Medial
According to data from CyberMedia Research (CMR), Apple emerged as the leading brand in the Indian tablet market in 2023 with a 25% market share, followed closely by Samsung with a 23% share. Although the overall tablet market witnessed a 14% decline in shipments, 5G tablet shipments increased by 48% indicating a shift in consumer preferences towards 5G-enabled devices. Apple's tablet shipments declined by 17% YoY, while Samsung experienced a remarkable 36% YoY growth. The market is expected to sustain a steady 5-10% growth in 2024 driven by technological advancements and evolving consumer preferences.
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Related News
Apple leads India tablet PC market with 25% share in 2023
Economic Times
·
1y ago
Medial
According to a report by CyberMedia Research, Apple dominated the India tablet PC market in 2023, holding a 25% market share. Samsung followed at the second spot with a 23% market share. Apple's tablet shipments declined by 17% YoY, while Samsung's grew by 36%. The report also highlighted the rising demand for diverse tablet options in India, including premium and 5G tablets. The market is expected to grow by 5-10% in 2024 due to technological advancements and evolving consumer preferences.
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Apple leads the tablet market as worldwide shipments hit their lowest in over a decade
Startup News FYI
·
1y ago
Medial
Global tablet shipments experienced a significant decline of 17.4% YoY in Q4 2023, bringing the total to 36.8 million units. The decline marks the largest Q4 decline since 2016, with overall tablet shipments totaling 128.5 million units in 2023, a decline of 20.5% compared to the previous year. Apple maintained its leading position in the tablet market, while Samsung followed closely in second place. Xiaomi and Huawei demonstrated solid growth rates, while challenges in the tablet market are expected to persist in 2024.
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Apple steals the smartphone crown from Samsung, ending a 12-year run
Business Insider
·
1y ago
Medial
In a significant milestone, Apple has surpassed Samsung to become the top seller of smartphones worldwide in 2023, according to IDC shipments data. This is the first time since 2010 that a company other than Samsung has claimed the top spot. Apple shipped an estimated 80.5 million smartphones in Q4 2023, with a market share of 24.7%, while Samsung shipped 53 million smartphones, resulting in a market share of 16.3%. Although Apple's overall revenue declined in Q4 2023, its iPhone sales increased.
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Reliance Jio on path to become dominant Fixed Wireless Access player globally: Analysts
Economic Times
·
27d ago
Medial
Reliance Jio is set to become the world's largest Fixed Wireless Access (FWA) provider, surpassing T-Mobile in subscriber base, according to analysts. As of May, Jio held 6.88 million FWA subscribers, compared to T-Mobile's 6.85 million in March. Jio dominates the Indian broadband market with a 50.72% share and continues to expand its footprint, adding significantly to its subscriber base alongside Bharti Airtel in the growing Indian telecom sector.
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India’s gaming industry powers up
Economic Times
·
1y ago
Medial
India is the world's largest gaming market, with 568 million gamers and over 9.5 billion gaming app downloads in 2023. Mobile gaming dominates the market, contributing to 90% of the industry. The introduction of vernacular languages and Indian themes has expanded the user base to non-English speakers. Approximately 40% of Indian gamers are women, showing a preference for casual and hypercasual gaming. Around 20% of gamers are paying users, with in-app purchases expected to grow at a rate of 35% CAGR.
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AMD forecasts $45 billion AI chip market this year
Economic Times
·
1y ago
Medial
Advanced Micro Devices (AMD) estimated a $45 billion market for data center AI processors in 2023. AMD launched two new AI data center chips, including one focused on generative AI applications (MI300X) and another for supercomputers. Executives outlined the surging demand for AI chips, projecting the data center AI chip market to reach around $400 billion by 2027. AMD aims to compete with Nvidia, which currently dominates the AI chip market, with analysts estimating its share at around 80%. AMD's MI300 series targets Nvidia's flagship AI processors, accompanied by new software for AI deployment.
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Apple India Set To Clock Over INR 70,000 Cr In Revenue
Inc42
·
1y ago
Medial
Apple India is predicted to surpass INR 70,000 Crore in revenue for the fiscal year ending in March, becoming the second electronics brand in the country to achieve this milestone after Samsung. Apple's sales have grown over 40% for two consecutive years. However, the rate of expansion is expected to slow down in the coming years. Apple's market share in India rose from below 2% in FY18 to 6% in March 2023, while Samsung's market share declined from 26% to 20% over the same period. Apple manufactured iPhones worth INR 1 lakh Crore in India in 2023.
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Yotta gets first tranche of 4,000 GPUs from Nvidia
Economic Times
·
1y ago
Medial
Yotta Data Services, a subsidiary of Hiranandani Group, has received the first batch of 4,000 Nvidia graphics processing units (GPUs) as part of its plan to scale up its GPU collection to 32,768 units by 2025. The demand for GPU-based servers has risen due to their ability to process data at high speeds, particularly for AI development. Nvidia currently dominates the GPU market with approximately 88% market share, resulting in a shortage of GPUs globally. Yotta aims to support Indian businesses, governments, startups, and researchers in accelerating innovation and achieving excellence in the AI revolution.
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Apple set for music, TV streaming fight in India after Airtel deal
Livemint
·
10m ago
Medial
Apple's partnership with Bharti Airtel, India's second-largest telecoms firm, aims to boost Apple's presence in the Indian content market where it lags behind competitors like Spotify and Disney. Through this collaboration, Apple will offer free music and video streaming to many of Airtel's 281 million customers, expanding the user base for Apple TV and Apple Music. With this move, Apple aims to strengthen its position in India, a market where it has focused on manufacturing but has struggled to capture a significant market share for its devices.
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India's smartphone market sees 2% drop in 2023, shipped 148.6 mn units: Canalys
Business Insider
·
1y ago
Medial
India's smartphone market experienced a minor decline of two percent in 2023, with 148.6 million overall shipments, according to a report by Canalys. The market benefited from strong demand during the festival season, leading to a 20 percent increase in Q4 sales compared to the previous year. Samsung secured the top position with a 20 percent market share, followed by Xiaomi and Vivo. The premium segment witnessed significant growth due to financing options and rising disposable income, while Apple leveraged the Diwali festive sales to contribute more than 50 percent to its Q4 shipments. Canalys expects mid-single digit growth in the Indian smartphone market in 2024.
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