South Korean tech large Samsung Monday mentioned it has bought two million models of its A sequence smartphones in 40 days, clocking about $500 million (almost Rs three,500 crore) in gross sales.
In February, Samsung had mentioned it aimed to garner $four billion (round Rs 28,000 crore) in income this 12 months in India from its Galaxy A smartphones vary that’s aimed on the millennials.
“The A50, A30 and A10 have obtained great response from metros and smaller cities. Within the final 40 days, now we have bought about 2 million models clocking $500 million,” Samsung India Senior Vice-President and Chief Advertising Officer Ranjivjit Singh advised PTI.
He added that the corporate is assured of attaining its $four billion income goal.
Samsung, which is locked in an intense battle for management within the hyper-competitive Indian smartphone market with Chinese language participant Xiaomi, mentioned it should launch three extra smartphones within the coming weeks.
“We’re including the Galaxy A80, A70 and A2 core within the coming weeks. The A2 core (priced at Rs 5,290) shall be our providing for entry-level smartphone consumers, whereas the A80 will supply nice progressive options. We count on to see sturdy development throughout the vary,” he mentioned.
With Chinese language gamers denting the corporate’s share within the cellular handset market impacting its management place, Samsung had refreshed its technique to deliver its top-end progressive options to the mid-range as a substitute of limiting these to top-end fashions.
Whereas Samsung often cites GfK information, reviews from different analysis organisations similar to IDC and Counterpoint have positioned Xiaomi to be forward of Samsung (when it comes to models shipped) for a lot of quarters now.
Samsung at present sells A10, A20, A30 and A50 fashions beneath the A sequence priced Rs eight,490 onwards.
That is printed unedited from the PTI feed.