Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Chinese tech major Lenovo Tuesday said almost three-fourth of its smartphone sales is coming from devices priced below Rs 10,000.
The company offers smartphones priced in the range of Rs 4,000 to Rs 30,000.
“The industry itself sees about 75 per cent of the sales coming from smartphones priced under Rs 10,000 and we have more or less a similar split,” Lenovo India Director Smartphones Sudhin Mathur told PTI.
The company started as a premium player but now have devices across entry, mid and premium segments, he added.
In October-December 2014 quarter, Korean giant Samsung maintained its leadership in India with 22 per cent market share, followed by homegrown vendors, Micromax (18 per cent), Intex (8 per cent) and Lava (7 per cent) and Chinese smartphone maker Xiaomi with 4 per cent share, according to research firm IDC. Original post at ET Telecom