With nearly as many smartphone users as the U.S. has people, India is already one of the world's hottest mobile markets, with America's Apple, Korea's Samsung, China's Oppo, Vivo and Xiaomi jostling for market share with Indian brands such as Micromax. India's 300 million smartphone users could grow by more than...
Foxconn to Invest $5 Billion in India
Taiwan-based Foxconn, the world's largest contract manufacturer for electronics, will invest up to $5 billion in India to make the country a parallel manufacturing hub to China for export to key markets across Europe and the U.S. In India, Foxconn is keen on investing in a display fab unit, Computer...
Apple Discussing with Government on Manufacturing in India
Apple Inc., has written a letter to the federal government in India outlining its plans to seek financial incentives in an effort to gain market share in the country where 97% of all smartphones run Android, reports Buzzfeed. Earlier in June, the government allowed single-brand retailers like Apple to open...
India Smartphone Sales Cross 30 Million per Quarter
Framingham MA-based IDC Research Inc., reports that smartphone shipment crossed the 30 million mark in India for the first time ever in the third quarter of Calendar Year 2016, maintaining a healthy traction with 11 percent year-on-year growth, and a 17.5 percentage growth over the previous quarter. Market Share by...
India Grows as Global R&D Hub for Multinationals
The Nikkei Asian Review reports that numerous multinationals have chosen India as an attractive R&D destination. More recently, taking advantage of employment costs, as well the availability of technical skills, many companies across a variety of industry verticals have begun to set up their R&D centers or have enhanced their...
India: Next Hot Stop for Smartphone Makers
“India presents the world's largest smartphone growth potential for the next 5 years,” Mark Li, senior analyst at Bernstein Research said in a report titled India: The Next China for Smartphones? India is the world's third largest smartphone market behind China. In the next 5 years it is projected to...