PHONE SALES
Online discounts to rain heavy from July, ease dry spell of electronics, apparel cos
Brands are gearing up for a surge in online discounts and promotions starting this month, aiming to clear unsold inventory ahead of the festive season. Expectations are high for the discounts to be the steepest since Covid-19, particularly in categories like smartphones, electronics, and apparel, which have faced sales pressure in the first half of the year. Multiple sales events are planned by marketplaces like Amazon and Flipkart, including Prime Day and Independence Day sales, extending till Diwali.
Amazon Sale for Monsoon 2024 - Save up to 80% on smartphone accessories
The Amazon Monsoon 2024 Sale offers deep discounts on essential smartphone accessories, perfect for upgrading your tech arsenal. From sleek chargers to rugged cases and immersive headphones, find everything you need to enhance your smartphone experience at prices slashed by up to 80%.
Tariff hikes may slow migration of feature phone users to smartphones: Experts
Recent steep tariff hikes by major Indian telecom companies are set to bolster the base of 4G feature phone users, shielding them from significant cost increases compared to smartphone users. This move is expected to slow down the migration to 5G smartphones. Industry experts suggest that while data consumption among 5G users remains strong, the tariff adjustments may lead smartphone brands to offer bundled data deals to spur sales. Overall, the impact on consumer behavior post-hike is anticipated to be moderated by entrenched data usage patterns.
Apple's iPhone shipments in China surge 40% in May amid aggressive discounting
Shipments of foreign-branded phones in China increased by 1.425 million in May to 5.028 million units from 3.603 million a year earlier，calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed.
Online phone sales pick up in April, may hot up in summer
Online smartphone sales surged in April after a dip in Q1 2024, driven by Chinese brands shifting focus to online channels, as reported by Counterpoint Research.
Apple's AI push could reinvigorate iPhone sales as customers look to upgrade
The new software, which requires an iPhone 15 Pro or Pro Max to function, could drive a surge in new purchases, according to several analysts. Some even anticipate the most significant upgrade cycle this fall since the 2020 release of the iPhone 12, which attracted consumers with its 5G connectivity.
In-store mobile phone sales dry up on rising temperatures
The India Meteorological Department (IMD) has forecast severe heatwave conditions across ten states in North India since the middle of May with temperatures touching 50 degrees in some areas, with some respite expected from May 31.
Nasdaq closes above 17,000; S&P 500 slightly higher, Dow down
Nasdaq crossed 17,000 for the first time boosted by Nvidia, while S&P 500 closed higher and Dow lower as Treasury yields rose.
Apple's iPhone sales in China jump 52% in April, data shows
Apple's iPhone sales in China surged 52% in April compared to the previous year, rebounding from earlier weak performance amid high-end market competition from Huawei. March saw a 12% increase following a 37% sales slump in early 2024. Overall smartphone sales in China rose 25.5% to 22.7 million units in April.
Ecommerce in slow lane; PhonePe-BharatPe truce
Happy Monday! Online sales haven’t picked up during the final quarter of FY24, industry officials said. This and more in today’s ETtech Morning Dispatch.
iPhone 14 vs iPhone 14 Plus on sale: Which Apple smartphone should you buy at Flipkart’s discounted price?
Flipkart is offering the iPhone 14 and iPhone 14 Plus at the same surprising price of Rs 58,999, which is a significant discount from Apple's official prices. Normally, the iPhone 14 sells for Rs 69,900 and the iPhone 14 Plus for Rs 79,900. This limited-time offer presents a great opportunity for buyers. The iPhone 14 features a 6.1-inch screen, while the iPhone 14 Plus has a larger 6.7-inch display.
Paytm employees warned of potential job losses after hit from RBI probe
Paytm, the Indian fintech pioneer, signalled job cuts and asset trimming after reporting its first sales decline on record due to a regulatory probe. The company's net losses surged to 5.5 billion rupees, with revenue dropping by 2.6%. Paytm aims to recover by streamlining operations and focusing on core businesses.
Apple slashes iPhone prices in China amid fierce Huawei competition
Apple has launched a significant discounting campaign on its official Tmall site in China, offering up to 2,300 yuan ($318) off select iPhone models from May 20 to May 28. This move aims to bolster its position in the high-end smartphone market amid rising competition from local brands like Huawei. The current discounts are much larger than those in February, where the highest discount was 1,150 yuan.
For phones, Indians think China again
Chinese smartphone brands, including Xiaomi, Vivo, Oppo, Realme, Transsion, and Motorola, have seen their cumulative market share rise to 75% in the March quarter, despite government scrutiny. This growth is attributed to a shipment rebound by top brands like Xiaomi and Vivo after a few tepid quarters in 2023 due to low demand and inventory bottlenecks. Smaller brands like Motorola and Transsion have also expanded their footprint in the market.
Amazon Sale 2024 LAST DAY - Grab the best deals and offers before it ends
Amazon Sale 2024: Take advantage of this incredible shopping opportunity quickly, as the finest offers on Amazon will expire in 2024. Enter an incredible shopping event with the Amazon Sale 2024, where astute buyers may take advantage of extraordinary discounts and promotions. This is the last chance to take advantage of amazing savings on a wide range of merchandise as the event comes to an end.
Amazon Great Summer Sale: Top deals on mobile phones from Samsung, OnePlus, Redmi and more
Discover the Amazon Sale 2024 for exclusive deals on top mobile brands such as Samsung, OnePlus, and Redmi. Grab unbeatable offers on state-of-the-art smartphones and enhance your tech journey this season. Don't overlook limited-time discounts and enhancements. Act now to capture the hottest summer deals during the Amazon Great Summer Sale 2024.
Amazon Sale 2024: Great Deals on all Apple Products- iPhones, Apple Watches, MacBooks and More
Get ready for the ultimate tech upgrade with the Amazon Great Summer Sale! Whether you are in the market for the latest iPhone, iPad, Apple Watch, MacBook, or AirPods, the Amazon Sale 2024 has you covered. Explore an array of cutting-edge devices at incredible prices, making it the perfect time to elevate your tech game. Read on to know more about these Amazon deals and gear up for an epic tech overhaul!
Apple logs record India sales amid global slide
iPhone shipments jumped 19-20% in the March quarter as compared to a year before, according to IDC India, with over half of the shipments coming from iPhone 15 and iPhone 14 models. The India region became Apple's fourth largest market for iPhones in Q1 2024, from sixth largest in Q1 2023, according to research firm TechInsights, which said shipments grew 24% on year in India, registering its highest ever Q1 shipment, driven by discounts and promotions during the Republic Day period.
Apple sets revenue records in India amidst overall slump, says CEO Tim Cook
“We did grow strong by double-digit, and so we were very, very pleased with that. It was a new March quarter revenue record for us. As you know, as I’ve said before, I see it as an incredibly exciting market and it’s a major focus for us.” Cook said, commenting on India market performance during the company’s earnings call Friday.
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