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India's smartphone market could hit $45 billion this year
Livemint
ยท
1y ago
Medial
India's smartphone market, the world's second-largest, is showing signs of recovery after two years of decline. The market witnessed an 18% rise in market value in Q1 2025, reaching the highest revenue in the past five years. Analysts project a 15% revenue surge for the full year, breaching $45 billion. The revival is driven by an increase in average selling prices (ASPs) of smartphones, indicating premiumization of the market. Factors contributing to this recovery include financing schemes, lack of compelling offerings in the low-price segment, and increasing disposable incomes.
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US tariffs may cost Indiaโs electronics sector up to $30 billion
Economic Times
ยท
22d ago
Medial
India's electronics industry could lose up to $30 billion in business due to US tariffs, potentially impacting semiconductors. Despite exemptions for Apple and Samsung, other electronics exports remain vulnerable. Smartphone exports are expected to increase reliance, with India currently exporting $38.6 billion in electronics, $14.6 billion of which goes to the US. The tariffs could double, affecting the non-smartphone segment heavily, while US tariff exemptions mainly cover smartphones and telecom equipment.
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Baron Capital Marks Up Swiggyโs Valuation To $12.16 Bn
Inc42
ยท
1y ago
Medial
US-based asset management firm Baron Capital Group has increased the fair value of its stake in food delivery giant Swiggy, resulting in a 13% increase in the startup's valuation to $12.16 billion. The move comes as Swiggy prepares for an upcoming IPO with an expected issue size of $1 billion in 2024. Baron Capital noted that Swiggy holds about 45% market share in India's food delivery industry and is well-positioned to benefit from the country's growing middle class, rising disposable income, and increasing smartphone penetration. Swiggy previously raised $700 million in funding, bringing its total funding to around $3.6 billion.
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Vivo beats Samsung and Apple as Indiaโs leading smartphone brand in 2024, IDC report reveals
Livemint
ยท
6m ago
Medial
In 2024, Vivo emerged as India's top smartphone brand, surpassing Samsung, according to the IDC report. India's smartphone market saw a 4% year-on-year growth, despite a 3% dip in the fourth quarter. Apple became the fourth-largest brand, with record shipments and a 10% market share. Average smartphone prices rose slightly, with significant growth in the mid and premium segments. 5G adoption soared, and both online and offline sales grew by 4%, with offline holding a slight lead.
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Samsung expects 75% of total handset sales to come from 5G smartphones in 2024
Thehindubusinessline
ยท
1y ago
Medial
Samsung forecasts that around 75% of its handset sales in India this year will be from 5G smartphones, up from 61% in 2022. The company has already launched eight 5G handsets in the first quarter of this year and expects to continue its dominance in the market. In 2022, Samsung captured a 21% market share in India's 5G smartphone market and was the number one brand overall. With a focus on premiumization and innovative products, Samsung aims to maintain its position as the leading smartphone brand in India.
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Indian IT spending to grow 11% YoY in 2024 to reach $44 billion: report
Economic Times
ยท
1y ago
Medial
India's IT spending is predicted to hit $44 billion in 2024, growing at a rate of 11% annually, according to market intelligence firm IDC. The spending is expected to have a compound annual growth rate (CAGR) of 9.9% and surpass $59 billion by 2027. Notably, the AI spending in the country is projected to increase by 35% this year, with generative AI spending expected to surge by 160%. The software market is also expected to experience double-digit growth over the next three years, reflecting a continued investment in digital transformation by Indian enterprises.
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Meity in touch with commerce ministry to find way around Trump tariffs
Economic Times
ยท
5m ago
Medial
Facing potential US tariffs, India's electronics and IT ministry is in talks with the commerce ministry to address reciprocal trade issues, potentially lowering duties on US smartphone imports. This move is amidst stakeholder consultations and industry recommendations to eliminate duties on US-imported electronics. The US market is vital for India's export growth, yet impending reciprocal tariffs could impact competitiveness, pushing global supply chains away from India if not addressed. India's electronics exports heavily rely on tariff-free access to the US market.
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Amid surge in semiconductor demand, Taiwan's TSMC revenue grows by 22.2% in April
Economic Times
ยท
3m ago
Medial
Taiwan's TSMC, the largest semiconductor foundry, reported a 22.2% revenue growth in April 2025 due to high semiconductor demand, reaching NTUSD 349.57 billion. Year-on-year figures also jumped 48.1%. In the first four months, revenue rose 43.5% over 2024. TSMC holds a 67.1% market share, impacting competitors like Samsung. The semiconductor sector is witnessing a robust boom, expected to hit USD 697 billion in 2025, driven by AI chip demand, and prompting initiatives like India's Semicon India program.
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India iPhone business outpaces individual EU countries for Apple, Morgan Stanley says | TechCrunch
TechCrunch
ยท
1y ago
Medial
Apple's iPhone revenue in India increased by 42% YoY to $8.7 billion in 2023, with shipments growing by 39% to 9.2 million units, making India its fifth-largest smartphone market, according to Morgan Stanley. Although India's iPhone market is not yet big enough to offset declines in China, if growth continues at the same pace, India could overtake China by 2027. The demand for premium devices with higher storage capacities is driving growth in India. Apple sees India as a significant growth engine, with revenue estimated to reach $40 billion by 2032.
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Made-in-India smartphone shipments rose 6% in 2024: Apple, Samsung drove 94% of exports | Report
Economic Times
ยท
5m ago
Medial
In 2024, Apple and Samsung dominated India's smartphone exports, comprising 94% of shipments amid local manufacturing expansion, according to Counterpoint's report. Made-in-India smartphone shipments rose by 6%, with projections of double-digit growth in 2025. Samsung led with 7% year-on-year growth, followed by Vivo. Tata Electronics, aided by iPhone production, experienced 107% growth. India's favorable market conditions and government schemes enhance its position as a prime manufacturing hub.
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FDI inflows jump 45 pc to USD 29.79 bn in Apr-Sep 2024
Livemint
ยท
9m ago
Medial
According to government data, foreign direct investment (FDI) in India grew by 45% YoY to reach $29.79 billion in April-September this fiscal year. FDI in India's services, computer, telecom, and pharma sectors saw healthy inflows. In the July-September quarter alone, FDI rose by 43% YoY to $13.6 billion. Total FDI, including equity inflows, reinvested earnings, and other capital, increased by 28% to $42.1 billion in the first half of this fiscal year. Major countries contributing to FDI inflows were Mauritius, Singapore, the US, the Netherlands, the UAE, Cayman Islands, and Cyprus. However, inflows declined from Japan and the UK.
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