India

Xiaomi needs the POCO brand now more than ever

Trying to meet everyone’s expectations

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Xiaomi is celebrating five years in India and they’ve announced a special sale across a huge selection of products. In the last five years, the brand has grabbed the number one spot in terms of market share, dethroning legacy giants like Samsung. How did a young brand like Xiaomi start from nothing and go on to lead the market?

The Chinese-brand entered India in 2014 and has always maintained a consistent track record of launching near-perfect phones that don’t cost a bomb. The Redmi brand in India slowly developed on the back of successful series like the Note. This one series helped the brand in establishing market supremacy in the budget midrange collection.

Then the brand cautiously went into the entry-level smartphone segment and started dominating that as well. Not only did the brand offer exceedingly competitive prices, but also flooded the market with options that covered every possible price point. We can safely call this a blitzkrieg-style strategy that overwhelmed the competitors as well as the users with products.

Xiaomi did try to launch a few flagship phones like the Mi 5, but they received a lukewarm response. The Redmi brand is synonymous with affordable phones in India, how do you break the threshold limit of INR 20,000 (US$ 290) and launch a flagship?

The importance of POCO

POCO (Pocophone in international markets) was the answer. A new sub-brand let them create a new ideology around the products and consumer expectations could be gauged. The POCO F1 started at just INR 19,999 (US$ 290) and boasted a flagship-grade Snapdragon 845 processor. This was a deal-breaker for everyone.

A new report by the Economic Times says Xiaomi could soon kill the POCO brand. It cites a few top-level exits as contributing factors, along with the recent Redmi K20 launch. It emphasizes how Redmi and Mi are now a definite position from Xiaomi and POCO was overlapping.

This is where I tend to disagree. The Redmi K20 and K20 Pro have received a lot of backlash from consumers because they feel the phones are overpriced. A constant comparison is drawn between the K20 and Realme X. The K20 starts at INR 21,999 (US$ 319) and the K20 Pro starts at INR 27,999 (US$ 406).

Let’s get one thing straight, the phones aren’t overpriced. In fact, considering what they offer, the price is on point and continues Xiaomi’s legacy of offering competitive rates. Things went wrong on the marketing front.

Users have been expecting a POCO F1 successor soon, and Xiaomi has been teasing the K20 Pro for months. The company intended the K20 Pro to be a OnePlus 7 killer, but the buyers expected a POCO-like offering.

Considering the amount of bad press Xiaomi has received, killing off the POCO brand will only add fuel to the fire. And on the flip side, a POCO F2 launch will actually douse the fire and help Xiaomi in maintaining control over all price points. The company has raised everyone’s expectations so high, it’s finding it hard to keep up with them.

India

India imposes a ban on imported laptops, tablets, and PCs

Personal orders are still allowed

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There’s no doubt that India is a major market for technology. While the country has its own brand preferences outside of the world’s usual, everyone still wants to get a piece of the market. To the dismay of global companies, the country is realizing the potential of its own market. Effective immediately, India has started restricting imports for new laptops, tablets, and PCs.

Recently, India made some headlines in the smartphone industry. A few companies, including Apple, have poured funds into building factories in India. Locally produced devices will allow these companies to attract the Indian market better. With the new regulations out today, it looks like these brands are going to enjoy a head start over others who aren’t in the country yet.

The Indian government introduced a new restriction (via Reuters) against the importation of “laptops, tablets, all-in-one personal computers, and ultra-small form factor computers and servers” made from other countries. Customers, however, will get an exemption. Airline passengers can still bring in these devices in their luggage. Additionally, a single imported device is allowable when bought through e-commerce platforms. Companies can import their products only by applying for a special license.

In a nutshell, bulk orders without a license are out. The government is instead encouraging users to buy locally produced products as part of its “Make in India” program. At the very least, it’s not a total ban on foreign brands. For example, Dell, HP, and Lenovo are exempt from the regulations since they already have production facilities built in the country.

SEE ALSO: Samsung overtakes Xiaomi as top phone brand in India

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India

Samsung overtakes Xiaomi as top phone brand in India

As of Q4 2022

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Attacking a huge smartphone market is difficult. With preferences constantly evolving, it can get tricky to figure out the best lineup to capture most of a market. Samsung, however, has just done it. In the last quarter of 2022, Samsung has taken the crown from Xiaomi as the bestselling smartphone brand in India.

India is an important market for most smartphone brands. It’s one of the largest markets in the world. However, despite its size, the biggest players are often those who offer more affordable devices for consumers. Budget is the name of the game if a brand wants to make it big in the country.

Things are changing, though. According to new market data (via Reuters), Samsung has nabbed the throne from the former leader, Xiaomi. In the last quarter of 2022, the Korean brand grabbed 20 percent of the market, while the latter only got 18 percent.

In a trend dubbed as premiumization, Indian consumers are reportedly enjoying more disposable income, resulting in more willingness to buy pricier products. Additionally, the report hints that consumers have started equating lower prices with inferior quality.

With the market trending towards more premium products, Samsung took the lead with a lineup that consists more of midrange to premium devices. It will also be interesting to see if Apple, an even more premium brand, can also make a dent in the Indian market.

SEE ALSO: Buyer’s Guide: Samsung Galaxy S23 Ultra

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Enterprise

Apple is preparing to open its first stores in India

Based on new job listings

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For one of the largest smartphone markets in the world, India is one of the rarer countries where Apple does not outright dominate. Undoubtedly, the company is trying to change that. Ongoing job listings in India are suggesting that Apple is ready to open its first brick-and-mortar store in the country.

First reported by Financial Times, Apple has posted job openings in India for several retail roles including for the iconic Genius Bar. Another clue even indicates that some spots have already been filled ahead of time. A few employees in the country have reportedly posted about their new jobs on LinkedIn.

Unfortunately, none of the job listings show how many stores are planned and where they will be. Narrowing things down by a bit, a few of the confirmed employees are from Mumbai and New Delhi. The report also does not indicate when the stores will open. However, since a few have already been hired, a grand opening might be coming soon.

Apple has a lot to gain by strengthening its foothold in India. The country is an important stronghold for smartphone companies. However, the company might find things harder as time goes by. The country recently dictated that brands must switch to USB-C if they want to sell their devices in India. All over the world, Apple remains the last stalwart against adopting the more universal standard.

SEE ALSO: Google throws more RCS-flavored shade at Apple

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