“It’s a possibility, we’re still running out of stock of India,” Jun, 47, said. “First fulfil Indian consumer needs before looking at exporting,” he added.
The company aims to break into the top five positions in the smartphone market this year on the back of six to seven new launches within Rs 8,000-Rs 25,000.
India is the first market they will target in a big way under their own brand name. These companies usually make their money by making phones for better-known brands.
India’s second-largest handset company till recently, Micromax has slumped to five in the overall rankings, and out of the top five in smartphones.
The South Korean technology leader aims to capture a larger share of the premium segment of the market with the new launches.
For more than 220 mn mobile internet users in the country, the need for high quality data network connectivity is among the top challenges that telcos face.
Alibaba Group's mobile business unit UCWeb will invest Rs 200 crore in India over the next two years for distributing content.
Samsung India confirmed the development Tuesday and said that only initial sign ins have begun. Employees of the Korean smartphone major have been asked to begin using the service.
The Galaxy A5 will be priced about Rs 28,990, while the Galaxy A7 will be priced at Rs 33,490, and will be sold online and offline.
Neflix on Monday announced that its service will now be available on the DTH platforms of Bharti Airtel and Videocon.
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