Premium Phones Like Galaxy S23 series to Stay in Demand: TM Roh
By MYBRANDBOOK
Dr. TM Roh, President & Head of Mobile eXperience Business at Samsung Electronics, said the premium smartphone market in India is likely to grow despite the economic slowdown. Rising adoption of 5G smartphones and global consumer trend to buy smartphones that are more reliable will lead to growth in the Indian market, he added.
"Demand for premium smartphones, with a price tag of over $400 in India, is rising quickly as the 5G network expands. The 5G smartphone market here is expected to grow by over 60% in 2023, with the premium smartphone market projected to grow by more than 30%," Dr Roh added.
Samsung recently said it had notched over 140,000 pre-bookings for its premium Galaxy S23 series in just 24 hours in India, twice the number of pre-bookings it received for Galaxy S22 series last year.
"It is being very well received by Indian customers, especially the Galaxy S23 Ultra in green," he said.
Dr. Roh, the youngest President ever appointed at Samsung, said the Indian smartphone market will keep growing and Samsung will be there for the ride.
According to analysts, India will have nearly 1 billion smartphone users by 2026, driven by rapid adoption of smartphones in young consumers. India has over 600 million Gen MZ consumers, the largest in the world.
Dr Roh said Samsung will continue to invest in its R&D center in India and advance the smart factory technology at its manufacturing center in India.
"2023 marks the 50th anniversary of Korea and India’s diplomatic relationship. I am looking forward to the next 50 years and please continue to show your love and support for Galaxy products, which are created with effort, dedication and innovation," Dr Roh said.
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
Elon Musk's xAI is looking for Hindi-speaking 'AI tutors'
Tech billionaire Elon Musk's AI venture, xAI, is in search of AI tutors ...
Ericsson steps up focus on R&D in India
Ericsson (NASDAQ: ERIC) today announced that it is stepping up its focus o...
BHARAT ELECTRONICS LTD.
AMARA RAJA POWER SYSTEMS LTD.
ACER INDIA PVT. LTD.
INFOSYS TECHNOLOGIES PVT. LTD.
ICONS OF INDIA : SUNIL BHARTI MITTAL
Sunil Bharti Mittal is the Founder and Chairman of Bharti Enterprises,...
Icons Of India : Arundhati Bhattacharya
Arundhati Bhattacharya serves as the Chairperson and CEO of Salesforce...
Icons Of India : NANDAN NILEKANI
Nandan Nilekani is the Co-Founder and Chairman of Infosys Technologies...
GeM - Government e Marketplace
GeM is to facilitate the procurement of goods and services by various ...
C-DAC - Centre for Development of Advanced Computing
C-DAC is uniquely positioned in the field of advanced computing...
PFC - Power Finance Corporation Ltd
PFC is a leading financial institution in India specializing in power ...
Indian Tech Talent Excelling The Tech World - NIKESH ARORA, Chairman CEO - Palo Alto Networks
Nikesh Arora, the Chairman and CEO of Palo Alto Networks, is steering ...
Indian Tech Talent Excelling The Tech World - Sanjay Mehrotra, CEO- Micron Technology
Sanjay Mehrotra, the President and CEO of Micron Technology, is at the...
Indian Tech Talent Excelling The Tech World - RAVI KUMAR S, CEO- Cognizant
Ravi Kumar S, appointed as CEO of Cognizant in January 2023, sets the ...