Tag Archives: Market

GST effect: Used car business could impact the new car market in India

The Goods and Services Tax (GST) that will be enforced from 1 July has the potential to realign the largely unorganized used car market into a more organized frame work say industry leaders. Interestingly, sale of old and new cars is inextricably linked. It is estimated that about 27-28 percent of new car sales accrue through exchange of old models. ... Read More »

Flood of off-lease used cars push prices down, upend market

DETROIT – In 2014, Infiniti leased more than 28,000 Q50 luxury sedans for as little as $329 per month in a growing U.S. market. The leases accounted for more than three-quarters of Q50 sales. Now they’re coming back to haunt the automaker. Like many companies that juiced sales with sweet leases during the past few years, Nissan’s luxury brand now ... Read More »

Tommy Wright: St Johnstone are shopping in the used car market

St Johnstone’s weekend opponents Aberdeen have got to second in the Premiership by splashing out on Mercedes cars, according to Perth boss Tommy Wright. And the McDiarmid Park side have got to fourth with shrewd second-hand deals. Wright, who praised chairman Steve Brown for helping him build a squad that would be the envy of many a manager in the ... Read More »

Huawei Catches Up With Samsung, Apple in Smartphone Market

Chinese smartphone maker Huawei managed to gain ground on Samsung and Apple in terms of market share last year, following the problems encountered by the two sector giants, the Gartner consultancy group said on Wednesday. Over the year as a whole, the Chinese maker saw its sales leap by 26.7 percent, while the South Korean and US rivals both saw ... Read More »

Chinese Firms Dominate Indian Smartphone Market in Q4 2016: IDC

Smartphone shipment in the country remained almost flat at 25.8 million units in the October-December 2016 quarter compared to the year-ago period, impacted by demonetisation and seasonal slowdown after festive sales, research firm IDC said. Compared to the July-September 2016 period, shipment in the said quarter declined sharply by 20.3 percent. “In CY Q42016, smartphone shipments clocked 25.8 million units, ... Read More »

Blackphone 2 Receiving an Update That Bricks Black Market Devices

Silent Circle, the manufacturer of the security-focused Blackphone smartphones, is releasing an update that bricks Blackphone 2 phones bought from the black market. The update in question is SilentOS 3.0.8 and it reads the IMEI number of the device. On checking, the update bricks the device. A notification popup appears on the screen of the counterfeit device that says, “This ... Read More »

China Nibbles at Samsung’s Share to Take 50 Percent of India’s Smartphone Market: Counterpoint

Chinese brands took their largest ever slice of the $10-billion Indian smartphone market in late 2016, accounting for more than one in every two phones sold – a growing market share that ate into sales from top-selling Samsung Electronics. Samsung, the single most popular smartphone brand in India, commanded a roughly 30 percent market share just over a year ago. ... Read More »

Chinese Manufacturers Capture Nearly 40 Percent of Indian Smartphone Market in 2016: IDC

Chinese smartphone vendors last year captured about 40 percent share in India, the second largest smartphone market in the world, the official media here reported. Among all, Lenovo saw its shipment volume rise to the second only after Samsung in the third quarter last year, state-run China Daily quoted global research firm International Data Corporation (IDC) survey as saying. Xiaomi ... Read More »

Government Permits 12 PSU Banks To Raise Rs. 3,000 Crore From Market

New Delhi: In a bid to strengthen capital base of public sector banks (PSBs), the government has allowed 12 lenders to raise nearly Rs. 3,000 crore via preferential shares over and above the Rs. 22,915 crore capital support committed to them in July last year. The Finance Ministry granted approval to 12 proposals of PSBs to raise a sum of ... Read More »

More Entry-Level Smartphone Players Will Quit Indian Market in 2017: Counterpoint

With mounting revenue losses amid too many players fighting to grab a pie, exits will surpass entrants in the Indian smartphone market in 2017, analysts said on Thursday. There are nearly 250 million unique smartphone users in the country and by the end of 2016, there will be 280 million Indians with these devices. “With declining margins amid cut-throat competition, ... Read More »