OnePlus founder and CEO Pete Lau on recruiting bright prospects for its R&D centre in the country that is expected to be the smartphone maker’s largest.
Pete Lau, founder and CEO of OnePlus, was in India recently, scouting for research talent and office space in the country. India accounts for about one-third of the revenues of the Chinese smartphone maker and is now home to the Shenzhen-based company’s fourth research and development (R&D) centre. While its India R&D team is being bulked up in Hyderabad, Lau is looking to buy office space in Bengaluru, the headquarters of OnePlus in India. “A lot of companies take the route of renting [office space], but we are focussed on the long term, so it makes sense [to invest],” Lau, 43, tells Forbes India in a 40-minute interview. Edited excerpts:
Q What have been the big developments for OnePlus in India over the last six months?
India is still our largest market and China comes second. So, India is as exciting as ever. The last time we met [in May-June], we didn’t have the Q2 and Q3 data. In both the quarters, OnePlus has been the number one [smartphone brand] in the premium segment in India [capturing 40 percent and 30 percent of the said segment market, respectively, according to data from Counterpoint Research].
In terms of growth, we have already achieved our CY18 sales in nine months this year; we are 30 to 35 percent higher compared to last year and at least 50 percent more in absolute business. Both our models, OnePlus 6 and 6T, have done well.
We had two months of no-sale period. The OnePlus 5T was sold out almost 45 days before the 6 was launched. And for about a month, specifically during Diwali, there were no sales as the OnePlus 6 was sold out prior to the launch of 6T. We would have had higher sales if we had enough stock during these two critical phases.
هذه القصة مأخوذة من طبعة January 4, 2019 من Forbes India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 4, 2019 من Forbes India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet
