Electronics major India is targeting to sell Galaxy M-series smartphones worth USD 1 billion this year, a senior company official said on Thursday.

India senior director and head of product marketing Aditya Babbar told PTI that the first half of the year has been very good for the company, with over 20 per cent year-on-year growth in value terms.

“We have 42 million happy M-Series consumers since 2019. We have very aggressive plans for the year. We have set ourselves a target of USD 1 billion this year coming from the M series,” he said.

He was speaking on the sidelines of launching two new M-series smartphones – Galaxy M13 and Galaxy M13 5G.

The M13 5G with 6GB internal memory and 128 GB external memory is priced at Rs 15,999, while the another model with 4GB internal memory and 64 GB external memory will be tagged at Rs 13,999 apiece.

The external storage in the M13 series smartphones can be extended up to 1 terabyte (TB).

The company has priced the two variants of Galaxy M13 at Rs 13,999 and Rs 11,999.

Samsung’s overall value market share between January to May 2022 grew to 22.6 per cent from 20 per cent recorded in the same period a year ago, according to Counterpoint Research.

market share for smartphones priced in the range of Rs 10,000 to Rs 40,000 per unit has reached 26.9 per cent from 21.4 per cent during the year-ago period, as per Counterpoint.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link

Leave a Reply

Your email address will not be published.