Samsung India goals to promote M-series smartphones price $1 billion this 12 months

Electronics main Samsung India is concentrating on to promote Galaxy M-series smartphones price USD 1 billion this 12 months, a senior firm official mentioned on Thursday.

Aditya Babbar, Senior Director and Head of Product Advertising, Samsung India, advised PTI that the primary half of the 12 months has been superb for the corporate, with a year-on-year development of over 20 per cent in worth phrases.

“We have now 42 million pleased M-series clients since 2019. We have now very aggressive plans for the 12 months. We have now focused US$1 billion coming from the M-series this 12 months,” he added.

He was talking on the launch of two new M-series smartphones – Galaxy M13 and Galaxy M13 5G.

The M13 5G with 6GB inside reminiscence and 128GB exterior reminiscence is priced at Rs 15,999, whereas the opposite mannequin with 4GB inside reminiscence and 64GB exterior reminiscence prices Rs 13,999.

The exterior storage could be expanded as much as 1 terabyte (TB) within the M13 sequence smartphones.

The corporate has priced two variants of Galaxy M13 at Rs 13,999 and Rs 11,999.

In line with Counterpoint Analysis, between January and Could 2022, Samsung’s whole worth market share elevated from 20 % recorded in the identical interval a 12 months in the past to 22.6 %.

In line with Counterpoint, Samsung market share for smartphones priced between Rs 10,000 to Rs 40,000 per unit has jumped to 26.9 per cent from 21.4 per cent in the course of the year-ago interval.

(Solely the title and picture of this report could have been reworked by Enterprise Customary employees; the remainder of the content material is generated routinely from a syndicated feed.)

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