Anku Jain, managing director of MediaTek India, says, "We already have chipsets that power phones priced at â¹7,499, like the Poco M6 5G, one of India's most affordable 5G phones. We understand that India is a price-sensitive market, and we are working to offer even more affordable 5G experiences. We hope to serve users in the â¹6,000-7,000 price bracket soon."
This move could drive wider adoption, as firms like Ericsson have said that 5G uptake in India can rise if the prices of 5G phones fall below $100. Jain adds MediaTek already powers over four models priced below â¹10,000.
Currently, there are 134 million 5G subscribers in India, but according to GSMA Intelligence projections, this figure is expected to rise to 641 million by 2030 â meaning half of India's population will be on 5G. Presently, only 18 per cent of the population uses 5G phones.
Jain notes that while the overall smartphone market has been cooling, he expects the transition from 4G to 5G in India to take another three years. Over 77 per cent of the smartphones shipped in the second quarter (Q2) of calendar year (CY) 2024 in India were 5G-enabled, supported by falling average selling prices as chip companies released more budget-friendly chipsets.
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Loser takes all
This book was published in September, three months ahead of the US presidential polls, presumably to reveal to voters the dangers of returning Donald Trump to the White House.
J&K HC asks Army to pay 46 years' rent to landowner
The High Court of Jammu and Kashmir and Ladakh recently held that the right to property now falls within the realm of human rights.
India, UK navies to develop electric propulsion for next-gen warships
The ministries of defence of India and the UK have signed a statement of intent (SoI) to cooperate in designing and developing Electric Propulsion Systems for the Indian Navy.
India backs Iskcon, tells Bangladesh to protect minorities
New Delhi hopes arrested monk will get fair trial
HAVING A BALL
Indian bowlers are winning matches and setting IPL auction records. But brands are not yet bowled over. Will Bumrah get bowlers their due?
Link UPI app to bank account with limited funds, set daily limits
Indians have lost â¹485 crore to frauds on the Unified Payments Interface (UPI) across 632,000 incidents reported until September of the current financial year, according to data from the Ministry of Finance.
Arpu gains, lower capex augur well for Airtel
Brokerages positive on stock; earnings flows may rise over next 24 mths
NIFTY LOGS BACK-TO-BACK MONTHLY LOSS
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Lock-up on â¹1.2 trn pre-IPO shares to lift in two months
Lock-up on shares worth nearly â¹1.2 trillion ($14 billion) belonging to 50 companies will end between now and January 31, said Nuvama Institutional Equities in a note.
Margin moderation may cap upsides for Colgate
After gaining over 15 per cent in the first half of the week, the stock of oral care major Colgate-Palmolive (India) has shed about a third of those gains.
