Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
January 17, Wednesday 2018 6:31 AM       

       HEADLINES: DYFI activist hacked in Thiruvananthapuram                                              Gita Gopinath’s economic advices must be carefully approached: CPI                                              Udayamperoor Neethu murder case: Accused found hanging                                              ‘Joker’ like Uzhavoor is not needed for NCP: Mani C Kappan                                              Vigilance registers FIR against Thomas Chandy                                              SC judge in Loya case breaks down during meeting with CJI                                              SC crisis seems unresolved, will take couple days to settle: AG                                              CJI sets new five-Judge constitution bench, sans four SC judges                                              'Baby Moshe' arrives in Mumbai after nine years                                              Judge Loya death case: Maha govt. submits documents to SC                                              Couple arrested after 13 brothers and sisters held captive                                              Palestinian leaders vote to suspend recognition of Israel                                              Pak provides safe sanctuaries to terrorists: MQM                                              Centurion Test: Rain halts play on third day                                              Khelo India's official anthem released                                              ICC U-19 WC: Roy's fifer helps India crush PNG                                              Kaumudi Facebook
       SCI&TECH Next Article: America will take the giant leap to Mars by 2030s: Obama  
       Note 7 debacle may hit Samsung's India rev by Rs 6,500 cr: CMR
 
         Posted on :18:41:12 Oct 14, 2016
   
A A
       Last edited on:18:41:12 Oct 14, 2016
         Tags: Note 7 debacle, Samsung's India, Rs 6,500 cr
 
NEW DELHI: Samsung's smartphone shipment to India may fall short of target by 4 million units in 2016, hit by global recall and halt in production of its flagship Note 7 smartphone, research firm CMR today said.
 
While Samsung had unveiled the Galaxy Note 7 in July in India with a price tag of Rs 59,900, it delayed selling of the handset in India after cases of battery exploding while charging were reported in various countries.
 
The device was to be made available in the Indian market from September.
"This translates to Rs 6,457 crore in terms of revenues for the company. As per projected growth, Samsung was expected to touch revenues of Rs 45,446 Cr in CY2016, an increase of 46 per cent compared to previous calendar year," CMR said in a report.
 
However, following the Note 7 issue, it can earn revenues of Rs 38,989 crore, translating into a growth of 25 per cent in revenues in 2016, it added.
 
The company did not respond to emailed queries on the report. CMR said Samsung, however, will continue to maintain leadership in the smartphone segment in India.
 
However, its market share is expected to shrink by 4.2 per cent points and settle at around 25.5 per cent instead of estimated 29.7 per cent.
 
"Though Note 7 is a high-end premium smartphone, the impact would be on Samsung spanning all across the segments," CMR Principal Analyst for Telecoms Faisal Kawoosa said.
 
The issue is faced with the flagship model of the year, that too around festive season and as a result, customers' confidence is shaken, he added.
 
"A perception, right or wrong, gets built within the market that if the issue is with the high-end premium model, there could be issues in the other models too," Faisal said.
 
Following the global recall and later halt in production, the world's largest smartphone maker cut its quarterly operating profit forecast by a third to 5.1-5.3 trillion Korean won, translating into a hit of a whopping 2.6 trillion Korean won or USD 2.3 billion.
 
The global consolidated sales estimate has also been lowered by 2 trillion Korean won (USD 1.7 billion) to approximately 47 trillion Korean won, after the company decided to permanently halt sales of the troubled Note 7 device, in less than two months after its launch.
A A
       SCI&TECH
Next Article: America will take the giant leap to Mars by 2030s: Obama
 
 
SCI&TECH HEADLINES
Soon, you can demote group admins on WhatsApp  
Regular yoga can slow down ageing of brain: Study  
What are haemorrhoids (piles) and what causes them?  
WhatsApp facilitates quick switch from voice to video call  
The Thin and Light Lenovo Ideapad 720s shines at Digit Zero 1 Awards  
Frequent heartburns up cancer risk in older adults  
Blueberry vinegar can help fight dementia  
iPhones with older batteries will take a hit in performance: Apple  
Eighth planet found in faraway solar system, matching ours  
Google brings a host of new features on Pixel 2  
Scientists turn beer into suitable petrol  
Space gives a sense of humbleness: NASA astronaut  
Researchers discover genes to prolong human life  
Google announces best apps of 2017  
This technology can help to reduce accidents on icy roads  
Yepzon launches in India; promises smart safety solutions  
Soon, you'll be able to control diabetes with your phone  
Turning bacteria into 'world's smallest tape recorders'  
How breastmilk protects babies from food allergy decoded  
Stars among the oldest in our galaxy discovered  
Apple delays release of smart speaker - HomePod  
Owning a dog may add years to your life  
'Textisms' actually add meaning to written words  
Sugar may heal wounds, says study  
Heart-stopping sex? It's rare  
 
Do you support withdrawal of Haj subsidy?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy