MUMBAI: A group of investors led by Japanese mobile telecom firm SoftBank Corp is in talks to buy a 20% stake in Indian handset maker Micromax Informatics for up to $1 billion, two people aware of the discussions said. The investment would value Micromax, an unlisted provider of affordable smartphones that competes with South Korea’s Samsung Electronics Co, at around $5 billion, the people said. They did not want to be named because the talks aren’t public.
NEW DELHI: Chinese handset maker Xiaomi surpassed global smartphone giants Samsung and Apple in terms of market share to become India’s top 4G handset seller in January this year, CyberMedia Research said on March 17. Earlier this month, the market research firm had said that the iPhone maker emerged as the largest 4G LTE device vendor in the country in October-December 2014. As per the latest CyberMedia Research (CMR) data, Xiaomi leads the 4G LTE device market with 30.8% market share in January followed by Apple (23.8%), Samsung (12.1%), HTC (10%) and Micromax (8.3%).
NEW DELHI: Indian cellphone major Micromax, which recently ventured into the television market, said that its large screen ultra high-definition (UHD) range will be available for consumers exclusively via e-commerce portal Flipkart. According to the online seller who is bullish over the tie-up, UHD range of televisions (TV) is drawing “tremendous growth” in consumer’s interest.
India’s smartphone shipments reached 81 million units in 2014, up 68.5% from 48 million in the previous year, according to Counterpoint Research. Chinese handset makers including Xiaomi and Gionee more than doubled their market to 13%. Samsung and Nokia lost out, but Indian handset makers led by Micromax gained.
According to the website, registered customers will receive an email from Amazon.in informing them of their access to the sale. The ‘overwhelming response’ from the customers had earlier forced Micromax subsidiary Yu Televentures to close the registrations for the first sale of its Yureka smartphone early.
NEW DELHI: Domestic devices maker Micromax has announced that the company will be rolling out Android 5.0 Lollipop update for its popular Canvas series of smartphones. Lollipop is the latest version of Google’s mobile operating system. The Micromax Canvas Xpress A99 will be the first device in the portfolio to receive the software update, the company informed.
NEW DELHI: Micromax Informatics Friday appointed Ashish Agrawal as its new Chief Technology Officer. Prior to joining Micromax, Agrawal served as the Chief technology Officer with Sirqul and worked for the execution and adoption of Sirqul’s suite of mobile engagement products and services. Agrawal will be responsible for defining the vision and the direction of software services, and driving new initiatives to provide a strong impetus to brand Micromax and bring future technology disruptions into the market, the company in a statement said.
NEW DELHI: Samsung may be the leader in the burgeoning Indian mobile market, but the Korean handset giant is losing ground in one of the world’s largest markets as it faces stiff competition from rivals like Micromax, Karbonn, Lava and Microsoft ( Nokia). According to the latest data from CyberMedia Research (CMR), Samsung is “losing its earlier firm grip” with its share declining to 16.5 per cent at the end of December 2014 from 20.3 per cent at the beginning of the year.
NEW DELHI: Mobile handset major Micromax has unveiled two new low-cost devices, with prices starting at Rs 699, as it targets consumers looking for affordable devices as back-ups to their smartphones. The first device — Joy X-1800 — has a 1.76 inch screen, 750 mAh battery, 0.08MP camera, expandable memory up to 4GB and Radio FM. It is priced at Rs Rs 699.
Samsung Electronics has lost its top position in the Indian smartphone market to local player Micromax, according to research firm Canalys, but the South Korean company is contesting the figures. The dispute comes in the wake of reports that Samsung lost its number-one ranking in China’s smartphone market. Six months ago, Canalys announced that Xiaomi had beaten Samsung to the top spot in China, while IDC put Lenovo first, Xiaomi second, and Samsung third.
Smartphone maker Micromax has surpassed Samsung in the fourth quarter of 2014 to become the leading supplier in India’s booming smartphone market for the first time, according to a report by Canalys. Micromax accounted for 22 percent of smartphone shipments in India in the October-December quarter, up from 21 per cent in the previous quarter. Samsung’s market share fell 2 percent points sequentially to 20 per cent in the fourth quarter.
NEW DELHI: Home smartphone vendor Micromax surpassed South Korea’s Samsung to become the leading supplier in India’s booming smartphone market for the first time in the fourth quarter, research firm Canalys Wednesday said. Micromax accounted for 22% of smartphone shipments in India in the October-December quarter, up from 21% in the previous quarter. Samsung’s market share fell 2 percentage points sequentially to 20% in the fourth quarter.
NEW DELHI: Micromax’s fully-owned subsidiary Yu Televentures has Thursday sold 10,000 Yureka smartphones on Amazon in just 3 seconds, for its third online sale after launching the Rs 8,999 device last month. In the month of February, YU is looking at ramping up the availability of the device and will put almost double the amount of devices for sale, the company said in a statement.
NEW DELHI: Micromax’s fully-owned subsidiary Yu Televentures will put 15,000 Yureka smartphones on Amazon today, for its second online sale after launching the Rs 8,999 device last month. The online sale will begin at 2 pm Thursday and people with pre-registration will be able to buy the device. In the second round of sale today, the consumers who had registered to buy YUREKA before January 13, will remain pre-registered and can take part in the sale just the same as last time, the company said.
New Delhi: It was Micromax vs Xiaomi on retail websites on Tuesday, with both running successful flash sales of smartphones on e-commerce sites at the same time. In terms of customer satisfaction, Xiaomi buyers not only picked up more devices but also experienced hassle-free transactions. Micromax’s wholly-owned unit Yu Televentures, which introduced Yureka smartphones on Tuesday, offered and sold out 10,000 devices priced at Rs 8,999 each within three seconds on Amazon.
NEW DELHI: Micromax’s fully-owned subsidiary Yu Televentures will put about 10,000 Yureka smartphones on Amazon, for its first online sale after launching the Rs 8,999 device last month. Online sale will begin at 2 pm and people who were able to pre-register on December 19, will be able to buy the device. This move has peeved a number of customers who wanted to buy the device but weren’t able to register last month as the registration process closed within minutes due to what the company called an ‘overwhelming response’.
NEW DELHI: Yu, a subsidiary of India’s second-largest smartphone maker Micromax, will put up for sale 10,000 units of its 4G device ‘Yureka’ as part of maiden sale on January 13. Yu had unveiled the device last month and said it will be priced at Rs 8,999. “We saw unprecedented response with over three lakh registrations. Registrations were to be open till 25th December. However, owing to the mega response they had to be closed a day earlier,” Micromax co-founder Rahul Sharma told PTI.
(Update on December 26: OnePlus can resume imports and sales in India. The Delhi High Court has set aside a previous order that barred the Chinese smartphone maker from selling handsets based on the Cyanogen operating system in the country, according to the Economic Times. Original post from December 17 is unchanged below.) Chinese phone maker OnePlus has been barred by the Delhi High Court from selling, marketing, or importing phones in India. The dispute centers around OnePlus using Cyanogenmod’s version of Android, which is licensed exclusively in India by rival phone brand Micromax.
NEW DELHI: The Delhi High Court today reserved its verdict on the plea of Chinese phonemaker Shenzhen OnePlus Technology Co Ltd which has challenged the order restraining it from selling its devices in India for allegedly infringing the exclusive rights of Micromax with respect to use of Cyanogen software and trademark.
NEW DELHI: Chinese phonemaker Shenzhen OnePlus Technology Co. Ltd today told the Delhi high court that its version of the Cyanogen operating system (OS) is different from the one that Micromax has an exclusive licence to for use in India. Shenzhen was recently restrained by the High Court from selling its devices in India on Gurgaon-based phonemaker Micromax Informatics Ltd’s plea that its exclusive rights were being infringed by the Chinese company.