An App Annie report said that consumers across the globe are spending on an avg 4.2 hrs a day on mobile apps, a 30% rise from just two years ago. In some countries, the average is even more than five hours. In the Q1 of 2021, the daily time spent in apps surpassed four hours in the USA, Turkey, Mexico and India for the first time, highlighted in the report. In India, smartphone users spent 80% more time on mobile apps in Q1 2021, against Q1 of 2019.
LG said that it will wind down its mobile division by July 31. The Korean smartphone brand, which was once in 2013 became the world’s third-largest manufacturer behind Samsung and Apple, will become the first global brand to withdraw from the market. It still has a 10% share in North America to become the No. 3 brand. The division has registered straight-six years of losses of around $4.5 bn and accounted for 7% of the LG group’s revenue.
LG may shut down its mobile business, according to a local newspaper report. The Korea based firm tried to sell the unit, but negotiations with Germany’s Volkswagen and Vietnam’s Vingroup JSC failed said the report. “ ..it is about time for LG to make a cold judgment and the best choice…The company is considering all possible measures, including sale, withdrawal and downsizing of the smartphone business,” the LG CEO said in an internal memo.
Apple shipped over 1.5 mn smartphones in India in the quarter ending in Dec 2020, up 100% YoY. This makes it the best quarter for Apple till date in India, according to research firms Counterpoint and CyberMedia. Credit goes to rise in demand of old generation phones — iPhone 11, XR, and the newer iPhone SE, iPhone 12. Its market share in the country doubled to 4% in the quarter. Overall, Apple shipped over 3.2 mn units in India in 2020, up 60% YoY.
Qualcomm Technologies had announced the first 4-series mobile platform, Snapdragon 480 5G, a new chipset to expand the reach of 5G smartphones at an affordable price. It features the Snapdragon X51 5G Modem-RF System to support mmWave and Sub-6 GHz 5G; Standalone (SA) and Non-standalone (NSA) modes. The Snapdragon X51 enables multi-gigabit 5G connections for near-instantaneous uploads and downloads.
RuPay and RBL had partnered to launch ‘RuPay PoS’ in association with PayNearby. This would allow merchants to accept contactless payments of up to INR 5000 through a simple tap and pay mechanism on NFC enabled smartphones. The unique PoS solution would evolve a less-cash economy with secure and convenient modes of transaction. CEO of PayNearby Anand Kumar Bajaj said that this would create an equal Digital India by bridging the digital divide among masses.
Samsung and Apple’s 3 major manufacturing partners – Foxconn, Wistron, Pegatron – are among the 16 firms to win $6.65b incentives under India’s federal plan to boost domestic smartphone production over the next 5 years. These firms will be producing smartphones/electronic components worth more than $143B, creating as many as 200,000 direct and 600,000 indirect employment opportunit
The local smartphones production has recovered to pre-pandemic levels, resulting in high exports and low imports, govt data showed. Smartphone exports in August totalled Rs 1781.1 Cr by value, higher than March’s 976.3 Cr. Imports, in August, totalled Rs 1050.1 Cr by value to Rs 2225.2 Cr in June. Sept smartphones sales are expected to cross 15M, as per various industry estimates. For the whole year, 2020 sales are estimated to be 130-135M against last year’s 154M.