Tag Archives: Micromax

Apple-IBM alliance unlikely to shake up Indian market #Press #Media #FinancialExpress

The global alliance between IBM and Apple for iPhone and iPad devices targeted at enterprises is unlikely to shake up the Indian devices market in the near term.

Under this partnership, IBM will bring its new class of business apps involving big data and analytics capabilities to Apple’s iPhone and iPad devices, which will be targeted at various segments of the enterprise category.

However, this alliance is expected to have limited impact in a growing market like India, especially in the smartphone segment given Apple’s limited market share.

Vishal Tripathi, principal research analyst, Gartner told FE, “Frankly, I do not see a huge impact in an emerging market like India which is still price sensitive unlike the mature economies.”

He felt that if a similar announcement were to be made by Samsung then the situation would have been different given their dominant market share. “We are not an Apple country,” he added.

The alliance with IBM gives Apple a strong push into the enterprise segment. Sanchit Vir Gogia, Chief analyst and CEO, Greyhound Research, terms this partnership as “interesting”.

He said this alliance would play a key role in shaping the bring your own device (BYOD) concept in Indian enterprise market, while adding that IBM will also bring in its expertise in connecting different kinds of technology platforms. Analysts felt Apple would certainly gain from IBM’s deep strength in the enterprise segment, whose financing arm could provide the much needed leverage in selling these devices.

Apple’s market share in India is below 10% in the smartphone segment, which is dominated by Samsung and followed by other homegrown players like Micromax, Karbonn etc. Similarly in the tablet segment also, Samsung is the market leader followed by Apple’s iPad.

This alliance will also likely to test Google, Microsoft, Samsung and Blackberry.

The Android operating system is the dominating software both in smartphone and tablet segments and it remains to be seems how this alliance will tackle this. Tripathi felt that these players may adopt a wait-and-watch policy before they take any decisions.

“We can expect a different kind of a war and enterprises are most likely to be given a lot more discount on Apple products,” Greyhound’s Gogia said.

Source: The Financial Express

Budget 2014 Impact: Mobile Phone Prices May Go Up #Press #Media #SiliconIndia

Consumers may have to shell out more money for buying mobile phones as the government has proposed education cess on imported electronic products.

The move may push up costs of handsets by up to 8 per cent, especially smartphones that are mostly imported, analysts said.

Presenting his maiden Budget today, Finance Minister Arun Jaitley said the demand for electronics is growing very fast.

He said the government will “exempt all inputs/components used in the manufacture of personal computers from 4 per cent special additional duty (SAD) and impose education cess on imported electronic products to provide parity between domestically produced goods and imported goods”.

According to the Budget document, the education cess for all taxpayers will be 3 per cent in the 2014-15 fiscal.

Reacting to the proposal, IDC South Asia VP and General Manager Jaideep Mehta told PTI: “The education cess on imported electronics, including PCs and Smartphones, will challenge consumption growth as it will increase street prices.”

Greyhound Research CEO Sanchit Vir Gogia said manufacturing is still in nascent stages in India.

“There is hardly any manufacturing that is done in the country. Considering that most handsets are imported and add to that the education cess, we could see prices going up as much as 7-8 per cent,” he added.

Handset makers including Microsoft Devices (Nokia) and Micromax however did not comment on the impact on prices.

Source: Silicon India

Budget impact: Mobile phone prices may go up #Press #Media #FinancialExpress

Budget move by Arun Jaitley may push up costs of mobile phones by up to 8 pct: Analysts

Consumers may have to shell out more money for buying mobile phones as the government has proposed education cess on imported electronic products.

The move may push up costs of cell phones by up to 8 per cent, especially smartphones that are mostly imported, analysts said.

Presenting his maiden Budget today, Finance Minister Arun Jaitley said the demand for electronics is growing very fast.

He said the government will “exempt all inputs/components used in the manufacture of personal computers from 4 per cent special additional duty (SAD) and impose education cess on imported electronic products to provide parity between domestically produced goods and imported goods”.

According to the Budget document, the education cess for all taxpayers will be 3 per cent in the 2014-15 fiscal.

Reacting to the proposal, IDC South Asia VP and General Manager Jaideep Mehta told PTI: “The education cess on imported electronics, including PCs and Smartphones, will challenge consumption growth as it will increase street prices.”

Greyhound Research CEO Sanchit Vir Gogia said manufacturing is still in nascent stages in India.

“There is hardly any manufacturing that is done in the country. Considering that most handsets are imported and add to that the education cess, we could see prices going up as much as 7-8 per cent,” he added.

Handset makers including Microsoft Devices (Nokia) and Micromax however did not comment on the impact on prices.

The Budget proposals state imposition of basic customs duty at 10 per cent on specified telecom products that are outside the purview of the Information Technology Agreement.

India is signee of Information Technology Agreement 1 as a member of World Trade Organisation. Under the pact, member countries should allow duty free import of 217 products falling under eight categories covering telecom, computers and electronic chips.

When contacted, Microsoft Devices spokesperson said the company is still in the process of going through the fine print.

However, LAVA International Chairman and Managing Director Hari Om Rai said there may not be any adverse impact on pricing for consumers as the additional education cess was on imported electronic products.

“We do not feel there will be any cost passed on to the consumer due to the additional education cess on imported electronic products. However, we are assessing the details of the budget announcements and necessary steps will be taken if and when required,” he said.

Lauding the government’s efforts in promoting domestic manufacturing, Rai said the “positive intent” will benefit the telecom and handset industry and firms like Lava International which are now looking to tap India’s manufacturing potential.

Source: The Financial Express

 

Budget impact: Mobile phone prices may go up #Press #Media #ZeeNews

Consumers may have to shell out more money for buying mobile phones as the government has proposed education cess on imported electronic products.

The move may push up costs of handsets by up to 8 per cent, especially smartphones that are mostly imported, analysts said.

Presenting his maiden Budget today, Finance Minister Arun Jaitley said the demand for electronics is growing very fast.

He said the government will “exempt all inputs/components used in the manufacture of personal computers from 4 per cent special additional duty (SAD) and impose education cess on imported electronic products to provide parity between domestically produced goods and imported goods”.

According to the Budget document, the education cess for all taxpayers will be 3 per cent in the 2014-15 fiscal.

Reacting to the proposal, IDC South Asia VP and General Manager Jaideep Mehta told PTI: “The education cess on imported electronics, including PCs and Smartphones, will challenge consumption growth as it will increase street prices.”

Greyhound Research CEO Sanchit Vir Gogia said manufacturing is still in nascent stages in India.

“There is hardly any manufacturing that is done in the country. Considering that most handsets are imported and add to that the education cess, we could see prices going up as much as 7-8 per cent,” he added.

Handset makers including Microsoft Devices (Nokia) and Micromax however did not comment on the impact on prices.

The Budget proposals state imposition of basic customs duty at 10 per cent on specified telecom products that are outside the purview of the Information Technology Agreement.

India is signee of Information Technology Agreement 1 as a member of World Trade Organisation. Under the pact, member countries should allow duty free import of 217 products falling under eight categories covering telecom, computers and electronic chips.

When contacted, Microsoft Devices spokesperson said the company is still in the process of going through the fine print.

However, LAVA International Chairman and Managing Director Hari Om Rai said there may not be any adverse impact on pricing for consumers as the additional education cess was on imported electronic products.

“We do not feel there will be any cost passed on to the consumer due to the additional education cess on imported electronic products. However, we are assessing the details of the budget announcements and necessary steps will be taken if and when required,” he said.

Lauding the government’s efforts in promoting domestic manufacturing, Rai said the “positive intent” will benefit the telecom and handset industry and firms like Lava International which are now looking to tap India’s manufacturing potential

Source: Zee News

Budget Impact: Mobile Phone Prices May Go Up #Press #Media #Outlook

Consumers may have to shell out more money for buying mobile phones as the government has proposed education cess on imported electronic products.

The move may push up costs of handsets by up to 8 per cent, especially smartphones that are mostly imported, analysts said.

Presenting his maiden Budget today, Finance Minister Arun Jaitley said the demand for electronics is growing very fast.

He said the government will “exempt all inputs/components used in the manufacture of personal computers from 4 per cent special additional duty (SAD) and impose education cess on imported electronic products to provide parity between domestically produced goods and imported goods”.

According to the Budget document, the education cess for all taxpayers will be 3 per cent in the 2014-15 fiscal.

Reacting to the proposal, IDC South Asia VP and General Manager Jaideep Mehta told PTI: “The education cess on imported electronics, including PCs and Smartphones, will challenge consumption growth as it will increase street prices.”

Greyhound Research CEO Sanchit Vir Gogia said manufacturing is still in nascent stages in India.

“There is hardly any manufacturing that is done in the country. Considering that most handsets are imported and add to that the education cess, we could see prices going up as much as 7-8 per cent,” he added.

Handset makers including Microsoft Devices (Nokia) and Micromax however did not comment on the impact on prices.

The Budget proposals state imposition of basic customs duty at 10 per cent on specified telecom products that are outside the purview of the Information Technology Agreement.

India is signee of Information Technology Agreement 1 as a member of World Trade Organisation. Under the pact, member countries should allow duty free import of 217 products falling under eight categories covering telecom, computers and electronic chips.

When contacted, Microsoft Devices spokesperson said the company is still in the process of going through the fine print.

However, LAVA International Chairman and Managing Director Hari Om Rai said there may not be any adverse impact on pricing for consumers as the additional education cess was on imported electronic products.

“We do not feel there will be any cost passed on to the consumer due to the additional education cess on imported electronic products. However, we are assessing the details of the budget announcements and necessary steps will be taken if and when required,” he said.

Lauding the government’s efforts in promoting domestic manufacturing, Rai said the “positive intent” will benefit the telecom and handset industry and firms like Lava International which are now looking to tap India’s manufacturing potential

Source: Outlook