The inventory has come down significantly from the 12-13 weeks' pile-up by the end of the March quarter as a result of aggressive promotions, end-of-life discounting, and roping in of brand ambassadors, market trackers said.
The global smartphone market is predicted to reach a decade low in 2023, largely due to market saturation, lack of significant technological advancements, and the economic impact of the COVID-19 pandemic. Despite this overall decline, Apple is poised to take the top spot in market share, driven by strong brand loyalty, a focus on premium devices, and innovative features. The situation underscores the importance of brand loyalty and innovation in a saturated market, as manufacturers must create unique and compelling products to attract consumers.
New York City has imposed a ban on the use of the popular social media app TikTok on government-owned smartphones, citing security concerns. The decision comes amid growing scrutiny of the app's data privacy practices and potential risks to user information.
Pixelworks, a leading provider of visual processing solutions, has partnered with OnePlus to enhance the gaming experience on the new OnePlus Ace 2 Pro smartphone. By enabling high frame rate capabilities, Pixelworks ensures smoother gameplay and more immersive visuals for users of the device.
Realme is set to launch two new smartphones, the Realme 11 and Realme 11X, in India on August 23. These upcoming devices are expected to bring advanced features and improved performance to the Realme lineup, catering to a wide range of consumers looking for quality smartphones at competitive prices.
Honor will launch new phones in India soon, the company confirmed on Tuesday. The firm is expected to introduce phones that were unveiled in global markets earlier this year, such as the Honor 90. The return of the company to India was teased by former Realme CEO Madhav Sheth via X, which was previously known as Twitter.
Budget, mid-tier, and flagship smartphones are categories that represent different price ranges and feature sets in the mobile phone market. Budget smartphones are affordable options with basic features, suitable for everyday tasks. Mid-tier smartphones offer a balance between price and performance, providing more advanced features and better build quality than budget phones. Flagship smartphones are premium devices with cutting-edge technology, high-quality cameras, and top-notch performance, but come at a higher price. The choice between these categories depends on individual needs and budget constraints.
Xiaomi founder and chief executive Lei Jun said using Apple’s iPhone as a benchmark will enable the company to ‘catch up and beat it one day’.