Xiaomi Financial News

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Dixon Technologies and Karbonn Group have been able to nearly equal the cost of manufacturing in India with that in China, executives said. They have been able to do so by learning from Chinese methods and will invest in automation to further pare expenses.

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₹59,000 last month, has benefited. Experts say a growing market in refurbished phones has also helped. While 5% of smartphone users had phones priced at $400 and above in 2021, this grew to 7% in June this year.

₹250 crore fund-raising led by the investment arm of brokerage firm Motilal Oswal on 7 September for the third time after infusing ₹350 crore in April, and ₹250 crore in January 2020. While Bansal did not divulge the names of firms it is in talks with for smartphone manufacturing, he said its phone assembly business may begin with existing clients from other product categories. Its global expansion is driven by the need to meet regulations across geographies, and to reduce shipping times to global markets.

Dixon Technologies (India) Ltd for the September quarter (Q2FY24). Thanks to the 77% year-on-year growth, the segment’s contribution in the overall revenues rose to 57% from 41% a year ago. Mobile segment growth was led by execution and new client additions.

global smartphone market is likely to witness modest growth in a cautious-looking 2024, as various companies will close this year with a relatively healthier inventory level, providing space to rebuild their stock in preparation for a potential demand resurgence. According to a Canalys report, Regional performance is expected to diverge due to regional conflicts and geopolitical tensions.

WhatsApp has decided to stop supporting smartphones running on the outdated Android version known as KitKat (Android 4.4), following Google’s move to phase out these older devices. WaBetaInfo reports that

BEIJING — Chinese smartphone and appliance maker Xiaomi announced late Thursday a new operating system — as it seeks to develop its ecosystem with the imminent release of its own car.

₹45,800) for the 8GB RAM/ 256GB storage variant, CNY 4,299 (around ₹49,000) for the 12GB RAM/ 256GB storage variant, CNY 4,599 (around ₹52,300) for the 16GB RAM/ 512GB storage variant and CNY 4,999 (around ₹57,200) for the 16GB RAM/ 1TB storage variant. Meanwhile, the higher-end Xiaomi 14 Pro starts at CNY 4,999 (around ₹57,200) for the 12 GB RAM/ 256 GB storage variant and will be available for CNY 5,499 (around ₹62,500) for the 16 GB RAM/ 512 GB storage variant and CNY 5,999 (around ₹68,700) for the 16 GB RAM/1 TB storage variant.

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₹30,000) is expected to be from easy finance options. For affordable segments (sub- ₹30,000), this will be the first time that the share will rise to 25% of total sales," said Tarun Pathak, research director at Counterpoint Research. In 2022, about 25% of premium smartphones, including Apple, Samsung, and OnePlus, were sold through staggered payment plans, most at zero interest or processing fee, data revealed.

Xiaomi, the phone's design will feature flat edges, showcasing a 6.36-inch flat display on the front. The smartphone is anticipated to be impressively slim, measuring just 1.71mm in thickness, with side bezels ranging between 1.61-1.63mm.

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Newsclick case: Millionaire Neville Roy Singham, who was accused of spreading China's propaganda in India in the Newsclick case that saw founder Prabir Purkayastha get arrested, has rejected all allegation in a four page rebuttal published on The Hindu. The Delhi Police has named Singham as as one of the accused in the Newsclick terror case. Singham has issued a rebuttal citing the New York Times artiocle that first brought attention to Newsclick.

Atul Lall, VC & MD, Dixon Tech, says “in Dixon, we are purely an outsourcing company. We provide electronic manufacturing services to all the global and Indian brands and the brand that you are mentioning undoubtedly is an anchor customer of ours and we feel that the relationship will keep on deepening and growing. We are country agnostic. We are also brand agnostic wherein we see a huge leverage of growth and deepening of relationship over a period of time, we jump at it.” We understand Dixon tech has entered into an agreement with Xiaomi for the manufacturing of smartphones and related products as well. Of course, you have had this partnership with Xiaomi over a long term but tell us about this one. When does manufacturing start? Do you need additional investment? What could be the potential revenue accretion? Xiaomi has been a long-term partner.

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