• Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
Cartographeum
No Result
View All Result

Samsung aims to double online mobile business

Juliet Woodard by Juliet Woodard
September 7, 2020
Home Business
Share on FacebookShare on Twitter

Samsung India expects to double its online mobile business in the second half of the current year, driven by new introductions in the festival season combined with customer preference for highend devices.“In the second half, we are seeing a strong resurgent growth. We expect to double our online business in the second half of 2020 over the second half of 2019,” Asim Warsi, senior VP, Samsung India told The Hindu.‘Uptake in ASPs’He added that the company was seeing a “significant uptake” in the average selling prices (ASPs) of mobile phones in the online business, and these may grow in excess of 50% to be in the range of $250-300 (approximately ₹18,000-22,000).“This is a great indication of how consumers are wanting to move up the value chain and the device capabilities…In fact, we launched M-series just last year, and we expect by the end of 2020, the M series would have grown in excess of $3.5 billion dollars in terms of consumer facing gross merchandise value,” Mr. Warsi added.The growth in the online business, he said, will be driven by the new smartphone M-51 which comes with a 6.7-inch display, a 7,000-mAh battery, Qualcomm Snapdragon 730 processor, 64MP quad rear camera setup and 32MP front camera and will be unveiled on September 10.As the company looks to cash in on the expected consumer demand in the festive season, Mr. Warsi said, post lockdown, the M 51 will be the ninth smartphone the company will be launching. In addition, the company has also announced two new tablets, and new products in the wearables segment.The online business account for about 35-40% of the overall business for the industry and Mr. Warsi believes the trend will remain so for the foreseeable future in India “as electronics and within that mobile and tablets are very high involvement categories and consumers want to experience the new design, hardware, software.”

You have reached your limit for free articles this month.
To get full access, please subscribe.
Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper
Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages
Move smoothly between articles as our pages load instantly.

Unlimited Access
Enjoy reading as many articles as you wish without any limitations.

Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations
A select list of articles that match your interests and tastes.

Briefing
We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Tags: Asim Warsimobilessamsing india
Juliet Woodard

Juliet Woodard

Next Post
US Military Sticks With Microsoft for $10-Billion JEDI Cloud Computing Contract Despite Amazon Claims

US Military Sticks With Microsoft for $10-Billion JEDI Cloud Computing Contract Despite Amazon Claims

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Nokia 3.4 With Triple Rear Cameras Launched, Nokia 2.4 Debuts As Well: Price, Specifications

Nokia 3.4 With Triple Rear Cameras Launched, Nokia 2.4 Debuts As Well: Price, Specifications

September 22, 2020
Govt frames norms for enforcement of ‘rules of origin’ for imports under FTAs

Govt frames norms for enforcement of ‘rules of origin’ for imports under FTAs

August 23, 2020

Trending.

Understanding Emergency Rental Assistance For Landlords And Tenants

Understanding Emergency Rental Assistance For Landlords And Tenants

January 27, 2021
Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

November 1, 2020
Rupee slumps 23 paise, settles below 74/USD level

Rupee slumps 23 paise, settles below 74/USD level

November 1, 2020
Webinar on weather and its impact on business on November 19

Webinar on weather and its impact on business on November 19

November 16, 2020
Should You Consider A Career As An Apartment Lease-Up Specialist?

Should You Consider A Career As An Apartment Lease-Up Specialist?

February 4, 2021

Cartographeum brings you the latest information about Tech,Real Estate & Business.

Follow Us

Categories

  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
  • Uncategorized

Tags

Amazon Apple Watch 2 Bombay stock exchange BSE Business Buying Guides china closing trade coronavirus Covid COVID-19 currency dollar rate economy Finance Ministry foreign exchange forex gold india indian economy Indian stock market Industry iOS 10 lockdown luxury homes market and exchange markets nifty Nirmala Sitharaman NSE oil pandemic Playstation 4 Pro rbi real estate Reserve Bank of India rupee rupee rate Rupee value rupee vs dollar sensex Sillicon Valley stock exchange Stocks USD

Recent News

Sensors Star In Mayo Clinic, Delos, KB Pilot Amid Healthier New Home Goldrush

Sensors Star In Mayo Clinic, Delos, KB Pilot Amid Healthier New Home Goldrush

March 1, 2021
Nine Ways Real Estate Decision Makers Can Address Affordability And Gentrification

Nine Ways Real Estate Decision Makers Can Address Affordability And Gentrification

March 1, 2021
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Computers
  • Gear

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.