Micromax becomes third largest phone company in Russia, just one year after debut

[Indx TechStyle]

Micromax becomes third largest phone company in Russia, just one year after debut

Home grown brand Micromax on Wednesday announced that it had become the third largest handset player in Russia with a market share of over 9% in Q4 2015 (Oct-Dec). The numbers come courtesy Counterpoint's Market Monitor program.
The company grew more than 350% annually in the Russian market in the same period, according to the report.
"This is an exciting time for us at Micromax as we are a step closer to our vision of becoming the part of the top five handset players in the world. Russia has been one of our focus markets in the past two years and we have seen a great consumer acceptance for the brand in the market," Amit Mathur, Head International Business, Micromax Informatics said.
Also Read: 2016 a year of large
smartphone screens, videos: Micromax
The company is known for its affordable 4G and 3G smartphones in the domestic
market. It has been focusing primarily on affordable smartphones and the 4G segment in Russia as well. "With our focus on affordable smartphone segment, 4G and 3G, we will continue to work towards
consolidating our position in the Russian market," Mathur added.
The figures are particularly impressive as the company made its debut in the Russian market in January 2014 only. The Canvas Beat and Canvas Social were its first smartphones there. As per Counterpoint's Market Monitor program the mobile phone market in Russia grew by 8% annually and 27% sequentially during Q4 2015. Smartphone shipments remained almost flat registering a 1% growth annually in a market where close to sixty brands are competing for the top spot.
Moreover,
Micromax aims to break into world's top five, becomes Russia's third largest vendor | ET Telecom
@Bornubus @rock127 @Ancient Indian @Agnostic Indian @Lions Of Punjab @abingdonboy @Nuvneet Kundu @SREEKAR @maomao @LETHALFORCE @amoy @Neo

 

[HariPrasad-1]

india unbound
I have repeatedly stated that in 10 years from now, India shall be there at a place where most of the people will find it very difficult to visualize today.

 

[Indx TechStyle]

Moreover,
Micromax Aims to break into world's top 5, becomes Russia's third largest vendor

 

[Indx TechStyle]

india unbound
I have repeatedly stated that in 10 years from now, India shall be there at a place where most of the people will find it very difficult to visualize today.

And I'm stating now, pakis will stop comparing with us in 2020, will start comparing us with China by 2025,
And India in the league of superpowers (US, China and India) in next 14-15 years.

 

[Bornubus]

I am using it and fully happy with it.

 

[G10]

When will they be available in USA. They were supposed to be here.

 

[salute]

..............................................................................

 

[aliyah]

And I'm stating now, pakis will stop comparing with us in 2020, will start comparing us with China by 2025,
And India in the league of superpowers (US, China and India) in next 14-15 years.

shusssss.......dont shout....... micromax is big player in Pakistan too

 

[jacobcarl]

Can it beat Samsung and other companies ?

 

[Indx TechStyle]

Can it beat Samsung and other companies ?

It has targets to come in top 5. That's all I know. India has other nice companies like LAVA and Intex etc..

 

[DingDong]

Doesn't Micromax simply paste the "Made in XXX" sticker over "Made in China" white labelled hardware?

 

[Indx TechStyle]

Doesn't Micromax simply paste the "Made in XXX" sticker over "Made in China" white labelled hardware?

Few years ago.
Later, it started own R&D and massively reduced dependency of China and ended up as 12th largest mobile manufacturer in 2014.(Not know current rank but they want to be top 5).
Later, during budget rate, their growth was affected but they again recovered and attained 40% growth.

they could easily make more profit by importing mostly Chinese maal but didn't.
This is called Nationalism.
We have a Nationalist Company.

 

[Illusive]

Few years ago.
Later, it started own R&D and massively reduced dependency of China and ended up as 12th largest mobile manufacturer in 2014.(Not know current rank but they want to be top 5).
Later, during budget rate, their growth was affected but they again recovered and attained 40% growth.

they could easily make more profit by importing mostly Chinese maal.
This is called Nationalism.

Manufacturing or assembling ?

 

[Indx TechStyle]

@jacobcarl
This data is from Q3 2014.
I will posy newer data too when will come.
Samsung (20.6%), Nokia (9.5%), Apple Inc.
(8.4%), LG (4.2%), Huawei (3.6%), TCL
Communication (3.5), Xiaomi (3.5%), Lenovo
(3.3%), ZTE (3.0%) and Micromax (2.2%)

 

[Indx TechStyle]

Manufacturing or assembling ?

Started with assembly, now manufacturing.
This is called Progress.
https://en.m.wikipedia.org/wiki/Micromax_Mobile#Manufacturing

It also manufacturs TVs, Laptops, smart watches and other such electronics.
After settlement of Indian Chip Fabrication plants, we will export electronics like China too.

 

[Indx TechStyle]

Live: Micromax announces 15 new smartphones including Canvas 6 and Canvas 6 Pro
Micromax launched Canvas 6 series with fingerprint scanner, three TVs and more at a corporate event in Gurgaon today.

Micromax is all set to launch new products and services at a corporate event in Gurgaon today. Micromax co-founder Rahul Sharma is expected to make at least 14-15 new announcements, which could be related to new devices or services.

Rahul Sharma, in an interview with Indianexpress.com had said that the company wants to become the biggest services company in India in the next couple of years. And thus, we can expect announcements on the same lines today. Follow our live blog for all the latest updates. Check out the live feed from the event here.


2:40 pm: The Micromax Canvas 6 Pro has a plastic body

2:32 pm: The Around services can be used to book cabs, hotels, order food etc. Micromax has tie-ups with Ixigo, Zomato, Ola and more

2:31 pm: The Micromax Canvas 6 Pro runs 2.0 GHz Tru Octacore Mediatek Helio processor

2:28 pm: Micromax Canvas 6 features a 5.5-inch Full HD display, 13 megapixel rear camera and 8 megapixel front shooter

2:26 pm: The Micromax Canvas 6 series will come integrated with Around services

2:25 pm: Micromax Canvas 6 Pro aomes with 4 GB RAM and runs helio processor

2: 23 pm: Micromax Canvas 6 to run Meditek processor, feature uni-body design

2:22 pm: Micromax Canvas 6 is the first Canvas smartphone to feature a fingerprint scanner

2:19 pm: Micromax Canvas 6 is the new premium range by the company. The two new smartphones are called Canvas 6 and Canvas 6 Pro

2:18 pm: The new Micromax smartphones will launch in the next 4 weeks. There will be a mid-premium segment phone

2:14 pm: Micromax to launch two new4G-anabled 7-inch tablets, will support Indus language solutions

2: 12 pm: Micromax announces 50-inch, 40-inch and 32-inch LED TVs

2:09 pm: Micromax founders all on stage

2:00 pm: Micromax wants to 100 per cent production in India by 2017 under the Make in India initiative, has already invested in 4 plants

1:57 pm: Micromax wants to be a major player in the consumer electronics space, wants to become one of the top 5 in the world

1:56 pm: A lot of announcements to come in the mobile payments, wallets category

1: 53 pm: Talks about BPI strategy. Plans to see 100 mn connected Micromax devices, will invest more in startups

1:51 pm: Micromax wants to be the number one services company in the country

1:51 pm: A lot to look forward to software front

1:49 pm: Micromax announces 15 new phones

1:45 pm: Ajay Sharma, head of sales talks about Micromax 3.0

1:46 pm: Micromax wants to be the fastest growing multi-channel brand in India

1:40 pm: Micromax event starts, expected to launch new TVs, tablets and smartphone.


Courtesy: Indian Express

 

[Dark Soul]

i am using micro max fire 2 for last 8 months :biggrin2:

it's even better than my other Samsung Android Phone.:bounce:

 

[Dark Soul]

And I'm stating now, pakis will stop comparing with us in 2020, will start comparing us with China by 2025,
And India in the league of superpowers (US, China and India) in next 14-15 years.

stop bragging about future bro, we are living in India.

our motto should be " Talk less, do more" like chinese

 

[spikey360]

If it is popular in Russia, it can be popular everywhere. Micromax should now focus on rolling out their own kernels for optimised performance.

 

[Indx TechStyle]

stop bragging about future bro, we are living in India.

our motto should be " Talk less, do more" like chinese

Like Chinese?
If Our motto must be, "Do more, Talk less",
Chinese Motto must be, "Do More, copy and steal less".