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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Once the top smartphone maker in the country, the Chinese company is reeling under the weight of a market share slide, a slowdown in the mass-market segment and top-level exits.
Editor's note: The Indian smartphone market is in the middle of its biggest upheaval since Indian smartphone makers like Micromax disrupted the well-entrenched global smartphone brands about a decade ago and then Chinese smartphone makers bulldozed them out of the market a few years down the line. A relatively new player—Xiaomi—quickly climbed up the leaderboard to become the top smartphone brand in the country, displacing a behemoth like Samsung, which survived both the earlier mentioned disruptions. Xiaomi has now seen a back-to-back dip in its quarterly market share for the first time in over five years, per the latest data by market research firm Canalys. Once the top smartphone brand in the country, it has now slumped down to fourth position behind Vivo, OPPO and Samsung. Of course, Xiaomi is not the only one hit by the sluggish consumer demand and uncertain macroeconomic factors of the last few quarters. According to the IDC, only 31 million smartphones were shipped in India in the first quarter of this year—the lowest first-quarter shipments in four years and a decline of 16% year on year. …
Once the top smartphone maker in the country, the Chinese company is reeling under the weight of a market share slide, a slowdown in the mass-market segment and top-level exits.
Editor's note: The Indian smartphone market is in the middle of its biggest upheaval since Indian smartphone makers like Micromax disrupted the well-entrenched global smartphone brands about a decade ago and then Chinese smartphone makers bulldozed them out of the market a few years down the line. A relatively new player—Xiaomi—quickly climbed up the leaderboard to become the top smartphone brand in the country, displacing a behemoth like Samsung, which survived both the earlier mentioned disruptions. Xiaomi has now seen a back-to-back dip in its quarterly market share for the first time in over five years, per the latest data by market research firm Canalys. Once the top smartphone brand in the country, it has now slumped down to fourth position behind Vivo, OPPO and Samsung. Of course, Xiaomi is not the only one hit by the sluggish consumer demand and uncertain macroeconomic factors of the last few quarters. According to the IDC, only 31 million smartphones were shipped in India in the first quarter of this year—the lowest first-quarter shipments in four years and a decline of 16% year on year. …
The JSW Steel founder is embarking on an unprecedented expansion, betting on Japan’s JFE and Korea’s POSCO to share the load. But rivalries, debt and market risks could complicate the plan.
The listed hospitality group sees a drop in revenue and profit in the first quarter. Separately, China steps up engagement with Saudi Arabia and the UAE.
The war in West Asia offers a preview of how India’s next conflict could unfold—fast, multi-domain, drone-saturated and under a nuclear shadow. New Delhi must learn quickly.
The JSW Steel founder is embarking on an unprecedented expansion, betting on Japan’s JFE and Korea’s POSCO to share the load. But rivalries, debt and market risks could complicate the plan.
The listed hospitality group sees a drop in revenue and profit in the first quarter. Separately, China steps up engagement with Saudi Arabia and the UAE.
The war in West Asia offers a preview of how India’s next conflict could unfold—fast, multi-domain, drone-saturated and under a nuclear shadow. New Delhi must learn quickly.
