Premium Phones Like Galaxy S23 series to Stay in Demand: TM Roh
By MYBRANDBOOK
Dr. TM Roh, President & Head of Mobile eXperience Business at Samsung Electronics, said the premium smartphone market in India is likely to grow despite the economic slowdown. Rising adoption of 5G smartphones and global consumer trend to buy smartphones that are more reliable will lead to growth in the Indian market, he added.
"Demand for premium smartphones, with a price tag of over $400 in India, is rising quickly as the 5G network expands. The 5G smartphone market here is expected to grow by over 60% in 2023, with the premium smartphone market projected to grow by more than 30%," Dr Roh added.
Samsung recently said it had notched over 140,000 pre-bookings for its premium Galaxy S23 series in just 24 hours in India, twice the number of pre-bookings it received for Galaxy S22 series last year.
"It is being very well received by Indian customers, especially the Galaxy S23 Ultra in green," he said.
Dr. Roh, the youngest President ever appointed at Samsung, said the Indian smartphone market will keep growing and Samsung will be there for the ride.
According to analysts, India will have nearly 1 billion smartphone users by 2026, driven by rapid adoption of smartphones in young consumers. India has over 600 million Gen MZ consumers, the largest in the world.
Dr Roh said Samsung will continue to invest in its R&D center in India and advance the smart factory technology at its manufacturing center in India.
"2023 marks the 50th anniversary of Korea and India’s diplomatic relationship. I am looking forward to the next 50 years and please continue to show your love and support for Galaxy products, which are created with effort, dedication and innovation," Dr Roh said.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
Autodesk continually pushing the boundaries in the Design and
Autodesk’s vision is of a better world designed and made for all. It inte
Acer addresses evolving customer needs by consistently pushing
Acer offers a comprehensive range of products under one roof, including des
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
POLYCAB INDIA PVT. LTD
PRAMA HIKVISION INDIA PRIVATE LIMITED
DIGISOL SYSTEMS LTD.
TAC SECURITY SOLUTIONS
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : ASHISH KUMAR CHAUHAN
Ashish kumar Chauhan, an Indian business executive and administrator, ...
Icons Of India : Dr. Arvind Gupta
Arvind Gupta is the Head and Co-Founder of the Digital India Foundatio...
Icons Of India : Arjun Malhotra
Arjun Malhotra, the Chairman of Magic Software Inc., is widely recogni...
PARTNER SPEAKERS
PSU
LIC - Life Insurance Corporation of India
LIC is the largest state-owned life insurance company in India...
IFFCO - Indian Farmers Fertiliser Cooperative
IFFCO operates as a cooperative society owned and controlled by its fa...
CERT-IN - Indian Computer Emergency Response Team
CERT-In is a national nodal agency for responding to computer security...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Thomas Kurian, CEO- Google Cloud
Thomas Kurian, the CEO of Google Cloud, has been instrumental in expan...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...
Indian Tech Talent Excelling The Tech World - Steve Sanghi, Executive Chair, Microchip
Steve Sanghi, the Executive Chair of Microchip Technology, has been a ...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
.jpg)
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
