Finance Minister Nirmala Sitharaman has announced a reduction in Basic Customs Duty (BCD) on smartphone components in the Union Budget 2024. The BCD on items like printed circuit boards and mobile chargers will be decreased from 20% to 15%. While this move may suggest a potential decrease in smartphone prices in India, experts believe that the market may not see significant changes. Factors such as thin profit margins, rising chipset costs, currency fluctuations, and fierce competition in the smartphone market could limit the benefits passed on to consumers. Market leaders…

Joe Clement, a high school teacher in Virginia, monitors the text messages that parents have been sending to students in his economics and government classes. “What did you get from the test?” “Did you get the tour form signed?” “Would you like chicken or hamburgers for dinner tonight?” Clement appeals to parents: stop texting your kids at school. Parents are alarmingly aware of the distractions and mental health issues associated with smartphones and social media. But teachers say parents may not realize how much those struggles are at school. One…

India is close to achieving the target of Rs 20 lakh crore worth of mobile phone production in the last 10 years, but will surpass Rs 1.20 lakh crore worth of phone exports in the current financial year (FY24), marking a whopping 7,500% year-on-year export growth. decade – India Cellular and Electronics Association (ICEA), the leading electronics industry body, said on Thursday. The industry had set itself the goal of 20,000,000 trillion worth of mobile phone production in the last 10 years (2014-2024). “It ended the decade with a cumulative…

Today, smartphones under Rs 30,000 offer exceptional performance and a wide range of modern features. Unlike previous years, several leading brands have launched their versions of high-end smartphones in this price range. The best smartphones under Rs 30,000 can fulfill all your needs without breaking the bank. For the price, these phones are all very good in terms of performance, features and value. The most popular smartphones in this price range (Rs. 30,000) can be found in this list and come from popular manufacturers like Samsung, OnePlus, Mi, Realme, Vivo,…

According to government documents seen by Reuters, the deputy IT minister has warned that India could potentially lose its position as a significant smartphone export hub to China and Vietnam. To attract global companies, India must swiftly take action by offering lower tariffs. Smartphone manufacturing is a key part of Prime Minister Narendra Modi’s ambitions to boost the economy and create jobs by luring the likes of Apple, Foxconn and Samsung to India, the world’s second-largest mobile market, where production grew 16% year-on-year. $44 billion last year. This success, the…

One in two (50 percent) Indian users pick up the phone without knowing why they turned on their smartphone, a new report revealed on Monday. According to the international business management consulting firm Boston Consulting Group (BCG), a typical smartphone user picks up the phone 70-80 times a day. “Based on our research, we’ve found that about 50 percent of the time, consumers aren’t clear about why they’re picking up the phone — they’re doing it out of habit,” said Kanika Sanghi, director of India’s Center for Customer Insights. The…

In today’s world, electronic devices have become an integral part of our daily lives, with our phones being the most relied upon for personal and professional tasks. However, this excessive dependence on smartphones is proving to be detrimental to our physical and mental health. While we are familiar with the concept of “phone neck,” a recent study has now highlighted the emergence of “phone knee” problems. The study reveals a surprising link between excessive phone use and persistent knee and joint pain. Experts suggest that this pain is directly associated…

Although we haven’t seen any major changes this year, the changes made have made the products more mature and practical to use than their 2022 counterparts. For example, the iPhone 15 Pro has a new ProRes LOG recording feature, and Google has finally realized that its strength is artificial intelligence with the launch of the Pixel 8 series. Smartphones have come a long way and now there is something for everyone. Why are iterative updates compounded over time Smartphone features increase over time, like compound interest, giving you a a…

Electronics and Information Technology Minister Ashwini Vaishnaw shared the remarkable achievement of the Indian mobile industry. Vaishnaw said on X, formerly known as Twitter, that India’s mobile industry has grown 20 percent in just nine years. “Look at the mobile industry to gauge the progress. The industry has grown 20 times in 9 years. 2014: 78% import dependent 2023: 99.2% of all mobile phones sold in India are ‘Made In India’,” said Ashwini Vaishanaw. Met Mobile industry to review progress.Industry has grown 20 times in 9 years.2014: 78% import dependent2023:…

According to data from Counterpoint Research, the global smartphone market shrank 8% to the lowest third-quarter level in a decade. The data, shared exclusively with Reuters, showed that the share of the top five brands, which also includes China’s Xiaomi, Oppo and Vivo, had fallen to a three-year low. Fans of the report worry that the market’s continued downturn could hurt future earnings for companies like Apple, whose shipments fell 8 percent in the quarter. Market leader Samsung’s sell-through volumes fell by 13% during the period. Among those gaining market…