New Delhi:

India has overtaken the US to become the world’s second-biggest 5G handset market for the first time, behind China, a report has mentioned.

Global 5G handset shipments grew 20 per cent (year-on-year) in the first half of 2024, according to the Counterpoint Research. Apple led the 5G handset shipments, accounting for more than 25 per cent share.

Apple led the 5G handset shipments globally, accounting for more than 25 per cent share, driven by strong shipments of the iPhone 15 series and 14 series, reported news agency IANS.

5G handset shipments have been growing steadily and with the increased availability of 5G handsets in the budget segment, the emerging markets have witnessed high growth in this segment.

“India became the second-biggest 5G handset market during the first half, overtaking the US. The strong shipments from Xiaomi, Vivo, Samsung and other brands in the budget segment were the main reason for this trend,” said senior analyst Prachir Singh.

Samsung followed in the second position, capturing more than 21 per cent share, driven by the Galaxy A series and S24 series. Apple and Samsung took five spots each in the top-10 list for 5G models in the first half of 2024, with Apple taking the top four spots.

Other emerging markets also witnessed high growth in 5G handsets. Consumers in emerging markets are looking at 5G handsets as an upgrade to their devices, even in the lower price segments.

Asia-Pacific accounted for 63 per cent of the overall global net adds and commanded a 58 per cent 5G shipment share. In Europe and the Middle East and Africa (MEA) regions also, 5G handset shipments witnessed double-digit growth.

Research Director Tarun Pathak said that as the democratisation of 5G handsets increases with increasing 5G penetration in lower price segments as well as increasing expansion of 5G networks, this trend will further grow.
 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

New Delhi:

India has overtaken the US to become the world’s second-biggest 5G handset market for the first time, behind China, a report has mentioned.

Global 5G handset shipments grew 20 per cent (year-on-year) in the first half of 2024, according to the Counterpoint Research. Apple led the 5G handset shipments, accounting for more than 25 per cent share.

Apple led the 5G handset shipments globally, accounting for more than 25 per cent share, driven by strong shipments of the iPhone 15 series and 14 series, reported news agency IANS.

5G handset shipments have been growing steadily and with the increased availability of 5G handsets in the budget segment, the emerging markets have witnessed high growth in this segment.

“India became the second-biggest 5G handset market during the first half, overtaking the US. The strong shipments from Xiaomi, Vivo, Samsung and other brands in the budget segment were the main reason for this trend,” said senior analyst Prachir Singh.

Samsung followed in the second position, capturing more than 21 per cent share, driven by the Galaxy A series and S24 series. Apple and Samsung took five spots each in the top-10 list for 5G models in the first half of 2024, with Apple taking the top four spots.

Other emerging markets also witnessed high growth in 5G handsets. Consumers in emerging markets are looking at 5G handsets as an upgrade to their devices, even in the lower price segments.

Asia-Pacific accounted for 63 per cent of the overall global net adds and commanded a 58 per cent 5G shipment share. In Europe and the Middle East and Africa (MEA) regions also, 5G handset shipments witnessed double-digit growth.

Research Director Tarun Pathak said that as the democratisation of 5G handsets increases with increasing 5G penetration in lower price segments as well as increasing expansion of 5G networks, this trend will further grow.
 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

New Delhi:

 A court here Tuesday sent four persons, including the managing director of Lava International mobile company and a Chinese national, to three-day Enforcement Directorate custody in a money-laundering case against Chinese smartphone-maker Vivo.

Additional Sessions Judge Devender Kumar Jangala passed the order on an application moved by the ED, who arrested the four earlier in the day.

They four arrested were identified as Hari Om Rai, the MD of Lava International company, Chinese national Guangwen alias Andrew Kuang, and Chartered Accountants Nitin Garg and Rajan Malik.

“I am of the considered opinion that the custody remand of the accused persons Hari Om Rai, Nitin Garg, Rajan Malik and Guangwen Kuang is necessary. Accused persons… are accordingly remanded to ED custody till October 13,” the judge said.

The application was opposed by Advocate Nitesh Rana, appearing for the accused, who claimed the allegation were false and that the ED lacked evidence.

The four accused were taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA).

The agency had raided the company and its linked persons in July last year, claiming to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies.

The ED had then alleged that a whopping Rs 62,476 crore was “illegally” transferred by Vivo to China in order to avoid payment of taxes in India.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)