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XIAOMI RESTRUCTURING
Xiaomi rejigs mid-level roles to spur growthXiaomi is restructuring its Indian operations, empowering mid-level executives and consolidating functions under its top three leaders. Thi...- Porsche CEO Blume to hand over reins next year, Bild reportsIn a significant shakeup, Porsche will appoint a new CEO next year, dissolving Oliver Blume's dual leadership role. The shift comes amid in...
- ET Exclusive: Samsung India to lay off over 200 executives with business slowing downSamsung Electronics is set to lay off over 200 executives in India due to slowing business growth and declining consumer demand. The layoff...
- India smartphone up 15% on year in Q1, continues recovery: CanalysThe Indian smartphone market rebounds, reaching 35.3 million units in Q1 2024, a 15% YoY growth, as per Canalys. Samsung leads with 19% mar...
- Xiaomi to slash smartphone line after conceding India misstepsChina’s Xiaomi held the smartphone lead in India for years before regulatory headaches and a too vast product portfolio — which by its own ...
- Xiaomi India to rejig operations, bring headcount to below 1,000The layoffs come with the company rejigging its internal structures, with most of the decisions now being taken by the Chinese parent - a c...
- Apple pushed smartphone ASPs to a record $224 in 2022: IDCApple’s iPhone shipments grew to a record 6.7 million units in 2022 from 4.8 million in 2021, with an average selling price of Rs 80,000, t...
- Xiaomi India names Alvin Tse as India head, Anuj Sharma as CMO in big rejigXiaomi India is currently being led jointly by Muralikrishnan B, chief operating officer, Raghu Reddy, chief business officer, and Sameer B...
- Sequoia cuts ties with law firm; Xiaomi India gets a new headVenture Capital fund Sequoia informed its portfolio companies that it has stopped working with the law firm, Algo Legal.
- Chinese apps weighing legal recourse against India banThe banned Chinese apps—including TikTok, SHAREit, UC Browser, shopping app Club Factory as well as Tencent’s WeChat—had been served an int...
- Panasonic sales in FY20 fall in India for third year in a rowPanasonic India’s revenue fell 9% to Rs 4,338 crore in FY20 from a year earlier, while net loss widened to Rs 490 crore, according to the l...
- Xiaomi, Realme says potential of offline sales post Covid-19 intact; consumers may change buying habitBoth Xiaomi and Realme said they will restructure their product plans and portfolio this year with the change in buying habit.
- Sony India's revenue falls for fourth year in a rowAnalysts, however, predicted a tough year ahead for the company in India with Chinese brands like OnePlus and Xiaomi ready to enter the pre...
- Lenovo’s FY18 India phone sales at Rs 6,881 croreLenovo’s profit last fiscal was Rs 95 crore as compared with Rs 105 crore in FY17, reflecting the profitability of the PC business.
- Apple’s India revenue up 12% to Rs 13,098 crore in FY18Net profit jumped to Rs 896.33 crore from Rs 373.38 crore, which the industry attributed to the high margin on the iPhone X and Mac compute...
- OnePlus wins Round 1 in battle for India’s premium smartphone marketThe Chinese brands are now trying to control the premium segment with Huawei, Oppo, Vivo and Xiaomi launching devices this year.
- Lava, Intex, Micromax, Karbonn, others cut sales hands to save costsNotable brands including Lava, Intex, Micromax, Karbonn and even Chinese brands Oppo and Vivo have reduced the number of in-shop promoters ...
- Huawei to make India the battleground in its war against Samsung, Apple to become No. 1 smartphone maker globallyChinese co restructuring mobile business in India for greater focus; to increase offline presence and apply for a single-brand retail licen...
- Samsung plans range of exclusive online products as part of restructuring processThe company is looking to design and manufacture mobile phones and consumer electronics such as TVs, specifically for online sales.
- Major rejig at Samsung India after slowest growth rate in a decadeSouth Korean conglomerate Samsung expanded at the slowest pace in India in more than a decade in 2014-15, triggering restructuring, headcou...
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