5G for all: MediaTek dials in on affordable phones
Business Standard|October 18, 2024
Fabless Taiwanese chipmaker MediaTek aims to lower the prices of 5G mobile devices powered by its chipsets to the ₹6,000-7,000 range, making it easier for subscribers to switch to 5G.
SURAJEET DAS GUPTA
5G for all: MediaTek dials in on affordable phones

Anku Jain, managing director of MediaTek India, says, "We already have chipsets that power phones priced at ₹7,499, 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 ₹6,000-7,000 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 ₹10,000.

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 — 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.

Bu hikaye Business Standard dergisinin October 18, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Business Standard dergisinin October 18, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BUSINESS STANDARD DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Industry bodies urge FinMin to ease TDS rate structure
Business Standard

Industry bodies urge FinMin to ease TDS rate structure

Proposal seeks to lessen compliance burden on taxpayers and avoid litigation

time-read
1 min  |
November 08, 2024
After SC rap, Centre doubles penalty for stubble burning
Business Standard

After SC rap, Centre doubles penalty for stubble burning

Burning issue

time-read
1 min  |
November 08, 2024
Business Standard

Proactively made all disclosures, recusals: Sebi WTM on Cong's charges

Ananth Narayan, whole-time member (WTM), the Securities and Exchange Board of India (Sebi), has responded to allegations of conflict of interest due to personal investments.

time-read
1 min  |
November 08, 2024
Business Standard

Market regulator may water down skin-in-game rules for MF executives

The Securities and Exchange Board of India (Sebi) has shown intent to relax the skin-in-the-game norms applicable to senior executives of the mutual fund (MF) industry.

time-read
1 min  |
November 08, 2024
Business Standard

MSCI adds 5 Indian stocks to key index

MSCI added five Indian companies to its Global Standard Index late on Wednesday, a move that brokerage Nuvama said would lift the country's weighting on the index to 20 per cent, further narrowing the gap with China.

time-read
1 min  |
November 08, 2024
Trump's triumph: Will bulls run amok and gold, silver sparkle?
Business Standard

Trump's triumph: Will bulls run amok and gold, silver sparkle?

Top brokerages highlight opportunities, risks, and contradictions the new administration may offer

time-read
3 dak  |
November 08, 2024
REIMAGINING ROLE OF AGRICULTURE
Business Standard

REIMAGINING ROLE OF AGRICULTURE

In the changed context of economic development, agriculture is seen playing a much larger role than perceived in the dominant thinking in development economics

time-read
6 dak  |
November 08, 2024
Inside the world of mad billionaires
Business Standard

Inside the world of mad billionaires

Two things about this book and its authors. One, this is the most unputdownable non-fiction that I have read this entire year.

time-read
3 dak  |
November 08, 2024
Business Standard

Funding education

Easy financial assistance is not enough

time-read
2 dak  |
November 08, 2024
Business Standard

Policy approach

RBI is acting selectively and with care

time-read
2 dak  |
November 08, 2024