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5 big news from the world of economics: Modi government’s chief economic advisor K Subramaniam resigns and IndiGo has been fined heavily

With festive gross sales anticipated to usher in document income for commerce platforms, smartphones value $16.9 billion are anticipated to be offered in the course of the October-December festive quarter. This has been predicted within the new knowledge. With over 49.9 million smartphone gross sales anticipated in the course of the festive quarter (QQ), the quarterly gross sales contribution when it comes to income and quantity is predicted to be 56 per cent and 32 per cent, respectively.

In accordance with market analysis agency TechARC, the income contribution might be led by the premium smartphone section (Rs 25,000 to Rs 50,000), which can contribute 51.7 per cent of the entire income in the course of the quarter. Faisal Kawoosa, Founder and Chief Analyst, TechARC stated, “By volume sales, the mid-price segment (Rs 12,000 to Rs 25,000) will drive the contribution to this segment with 42.1 per cent smartphone sales.”

With enter from IANS


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