wordpress blog stats
Connect with us

Hi, what are you looking for?

Demonetization to lower PC, mobile, tablet sales in Q4 2016: IDC

Indian government’s decision to scrap high-valued notes of Rs 500 and Rs 1000 which accounts for more than two-third of the cash stream will lead to “immediate but temporary” fall in device sales in Q4 2016, according to research firm IDC.  Every financial year, consumer purchase of PCs, smartphones, and tablets in India witnesses a slowdown post festive sales. However, due to the prevailing cash crunch situation, significant slowdown has been observed in both offline and online retail channels, added the research firm. Mobile phone segment In the mobile phones segment, IDC analysts revised the estimated sales growth downwards by 4.5%. For Q4 2016, feature phone shipments are expected to decline sharply by 24.6% and smartphones shipments are expected to drop by 17.5% quarter-on-quarter. PC segment For the PC segment, IDC has cut down sales forecast down by 3-5% sequentially. PC shipments in the consumer segment are expected to drop 33% in Q4 2016 since most of the consumer PC sales takes place at offline retail stores. However, the commercial or the enterprise segment continues to be generate healthy demand and “seems to be the least impacted by demonetization move”, according to the research firm. Tablet, slates and detachable segment The Indian tablet industry shipped 1.06 million units in Q3 2016. This is the first time in this financial year that the tablet shipments have crossed the 1 million mark. However tablet shipments are expected to drop by 23% quarter-on-quarter in Q4 2016 due to the cash crunch. Sales will…

Please subscribe/login to read the full story.
Written By

Free Reads

News

The Bill allows the Attorney General or any district/ city attorney to seek injunctive or other equitable relief against a large online platform

News

The tech giant made it clear it doesn't share data from organizations using Azure OpenAI and Copilot to third-parties or use it to train...

Google

Among the selected organizations are Quill.org and the World Bank, both known for their work in AI-powered tools.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ