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Xiaomi eyes local partners; Electronics firms target AI infra
Xiaomi is looking for local partners as it plans to manufacture home appliances in India. This and more in today’s ETtech Top 5.
Qualcomm initiates India layoffs: Here’s how much employees will get in severance
Qualcomm has begun implementing planned job cuts globally, affecting employees in India and the US (in California).
Grey zone in Indian payment laws: Crypto goes shopping in rupee using QR-linked loophole
Unified payments interface is now being used for buying cryptocurrencies through applications like goat.cash. Consumers can conveniently convert their cryptocurrencies, such as USD Coins, to pay vendors for goods. This involves scanning QR codes and entering necessary details, which facilitates quick transactions. Intermediaries help complete the process by converting USDC to rupees for vendors. Additionally, stable coins often trade at a premium within the Indian market.
Qualcomm shares slump 9% as weak smartphone chip sales overshadow data-center momentum
Qualcomm's shares dropped significantly in early trading following disappointing smartphone chip sales. The company's largest business segment faced a 26% revenue decline, leading to lower overall chip sales. While Qualcomm's investments in data-center and automotive chips strengthen its growth potential, analysts remain skeptical about immediate earnings. Brokerages have reduced their price targets on Qualcomm's stock after recent results were released.
SanDisk stock crash deepens: Why did SNDK fall 19% today, wiping out 36% in six trading days?
SanDisk stock: SanDisk shares plunged more than 19% on Thursday, extending a six-session slide despite strong quarterly earnings and an upbeat forecast. Growing attention on China’s CXMT, pressure across memory stocks and concerns about data-centre expansion have added to the sell-off.
Micron, SanDisk, AMD and Qualcomm stocks plunge as US stock market crashes today: Dow, Nasdaq and S&P 500 turn red as chip selloff deepens – What is driving Wall Street's sudden reversal?
US stock market crash today: The Dow, Nasdaq and S&P 500 are all trading in the red, while some of the biggest semiconductor stocks are losing ground. Micron (MU), SanDisk (SNDK), AMD and Qualcomm (QCOM) are among the hardest hit, with Western Digital and Seagate also extending their losses. Qualcomm's weaker revenue and cautious outlook have added to concerns about chip demand. But why are AI and memory chip stocks falling so sharply?
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Qualcomm's smartphone chip sales miss estimates, shares fall
Demand for lucrative high-bandwidth storage for AI servers has pushed up memory chip prices, raising the cost of consumer electronics and squeezing smartphone processor designers such as Qualcomm.
iPhone 16 as Diwali gift! Delhi company surprises employees with smartphones; watch their reactions in viral video
In an unexpected twist this Diwali, a Delhi-based company gifted its employees with the iPhone 16 smartphones as festive gifts. A lively video shared on Instagram showcased the beautifully arranged devices on office desks, capturing the joyful reactions of the staff. This thoughtful gesture not only drew extensive social media buzz but also ignited conversations about creative ways to celebrate and appreciate employees during festival times.
ETtech Explainer: Why SIM-binding is a concern for consumers and businesses
A new study raises alarms about the Department of Telecommunications' proposed SIM-binding requirement for messaging applications. The mandate could severely disrupt operations for consumers and businesses alike, especially impacting international travelers who depend on local SIMs or Wi-Fi. Businesses are bracing for heightened costs and difficulties tied to limited device accessibility.
Apple Inc's revenue hits all-time India high in September quarter
Apple Inc achieved significant revenue growth in India during the September quarter, driven by rising demand. The company's sales of iPhones, Mac computers, and services reached record levels across various markets. Initial sales of the newly launched iPhone 18 Pro series in India exceeded those of the previous model by nearly 20%.
Vivo Y32 5G features: Tired of charging your phone every day? This smartphone packs 8,000mAh battery & military-grade protection; check detailed specifications
Vivo Y32 5G features: Vivo Y32 5G has been listed with an 8,000mAh battery, Snapdragon 4 Gen 2 processor and IP68 and IP69 ratings. The smartphone also features a 120Hz display, 50MP rear camera and 44W fast charging. Here's a look at its specifications, battery, camera features, colours and expected availability.
Refurbished iPhones gain popularity in India as new smartphone prices rise; iPhone 13, 14 and 15 lead demand
India's refurbished smartphone sector is booming as shoppers lean towards affordable options. With skyrocketing prices on new models, older favorites like the iPhone are gaining traction. Retailers such as ControlZ and Cashify are witnessing a sales surge, notably among premium devices. This upward trend is observable in both urban hubs and smaller towns, with trade-in values on the rise.
Handset, TV makers set to slash production on festive sales shock
Smartphone and television makers are cutting production by up to 20% after a weak festive season left retailers with excess inventory and unit sales down sharply year-on-year. Surging memory-chip costs have pushed up device prices, hurting demand particularly in entry- and mid-range segments and forcing brands to scale back output over the next few months.
Qualcomm job cuts in November: How many employees could lose their jobs and when will it be announced?
Qualcomm is set to implement further layoffs in November, as indicated by a memo from CEO Cristiano Amon. This decision, expected to impact 3% to 6% of the workforce in India and similar proportions worldwide, aims to boost performance and tackle unmet expectations. Amid challenges in the consumer electronics sector, the company is shifting focus towards expansion in data centers and AI technologies for stronger business diversification.
Satya Nadella owns only a tiny stake in Microsoft; how the CEO built an estimated $1.4 billion fortune
Satya Nadella’s $1.4 billion fortune did not come from owning a large part of Microsoft. The CEO built his wealth mainly through company shares, bonuses and salary over the years. While his personal stake remains small, Microsoft’s growth under his leadership has made him one of the wealthiest executives in technology. Here’s how his compensation helped build his fortune.
Jio vs Starlink makes for a billionaire clash, but India’s satcom race is a minefield in the skies
Jio Platforms is preparing for an IPO while developing its satellite venture to connect remote areas. Reliance Jio's ambitious plan involves deploying 1,600 low-Earth-orbit satellites and 23 ground stations across India. Meanwhile, Bharti Airtel aims to compete with a satellite network of its own through partnerships. The regulatory environment remains complex as both companies navigate their plans amid recent developments.
A missed call for China is a loud wake-up call for desi companies
Indian smartphone brands Lava and Ai+ are gaining market share as Chinese rivals retreat amid soaring memory chip prices and shrinking demand. Domestic brands captured 7% of shipments in the September quarter, their highest share in nearly eight years. Government incentives and India's manufacturing expansion offer a boost, but technology, distribution, after-sales service and customer loyalty remain critical to sustained growth.
23 October 2028: Forget iPhone Duo, Ashwini Vaishnaw says India will have its own Apple and Samsung moment in 2 years
Ashwini Vaishnaw says India will have its own Indian-designed, manufactured and branded smartphones in the next two years by October 23, 2028. Here's what the IT Minister revealed about India's plans to build a homegrown smartphone brand and compete in the global mobile phone market.
Mobile phones, Apple AirPods ordered online were stolen, sold on road without bills; delivery agent arrested with goods worth Rs 4.6 lakh
A 26-year-old Flipkart delivery agent in Gujarat was arrested after Bhavnagar police recovered goods worth Rs 4.60 lakh, including 13 mobile phones, Apple AirPods, watches and perfumes. Police allege he stole customer parcels in Surat around 15 days earlier and was caught selling the products without bills.
Smartphones need some new smart sell
India's smartphone sales are in a slump, mirroring a global decline. Consumers are increasingly opting to hold onto their devices longer, while premium brands like Apple and Samsung show more resilience than their mass-market competitors. The industry appears to have hit a technological plateau, with minimal advancements noted. This slowdown may pave the way for future innovations that provide more essential features for users.
WhatsApp and Telegram to stop working for these user from Jan 1: Govt announces new rule. What you should know
WhatsApp New Rule: WhatsApp and Telegram users may face account restrictions from January 1, 2027, under the government's proposed SIM-binding rules. Here's how the requirements could affect users who remove their registered SIM cards, use secondary devices or rely on eSIMs.
Apple iPhone sale: Planning to buy new phone? Check Apple’s new checkout policy that puts a limit
Apple has implemented a buying limit on its official online store for iPhones to manage sales during the festive season. Shoppers can now purchase only two iPhones, whether they're identical models or different ones. If users try to check out with a third unit, they will receive a warning that halts the transaction.
Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows
The cuts are part of an effort to build "a stronger performance culture" and address situations where the company "has consistently fallen short of expectations," Amon said.
Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows: Reuters reports
Qualcomm will begin notifying employees of job cuts in November as a part of its annual reviews. CEO Cristiano Amon mentioned the aim is to enhance the company's performance culture. The company faces challenges due to declining consumer electronics sales and soaring memory prices impacting demand. Qualcomm forecasts a shift in revenue sources towards non-handset businesses in the coming years.
Apple India in sweet spot as FY26 revenue crosses Rs 1 lakh crore, profit soars
Apple India's revenue reached ₹1 lakh crore in FY26, reflecting a strong growth trend in smartphone sales. Revenue growth was noted at 31%, exceeding that of its competitor Samsung, which faced a decline. Net profit increased by 66% from the previous fiscal year, highlighting Apple's robust performance. The premium smartphone market saw significant growth, benefiting Apple due to its strong brand appeal.
Price shock trumps festive cheer as India smartphone shipments hit decade low
India's smartphone market faced a 26% decline in shipments in Q3 2026 compared to the previous year. Factors like rising prices and cautious consumer spending reduced replacement demand for smartphones. Samsung regained the top market position, shipping 6.7 million units with a strong premium portfolio. Apple also entered the top five, driven by demand for the iPhone 17 and iPhone 16 models.
Apple iPhone Duo sells out within minutes; where can buyers find early delivery dates? Apple drops major update; check details
The newly launched foldable iPhone Duo from Apple has quickly captured public fascination, resulting in online order deliveries being pushed back to January 2027. For those eager to get their hands on the device sooner, exploring availability with various mobile network providers is recommended. While some carriers might offer delivery as early as November, others face longer wait times.
Homegrown firms enter budget smartphone market as memory chip prices rise
India's budget smartphone market is opening up for local brands as global companies reduce their presence. Rising memory chip prices have significantly impacted entry-level smartphone production costs. Homegrown companies Ai+ and Lava are gaining traction in this competitive segment. Micromax plans to re-enter the smartphone market by evaluating various strategies. Brands aim to leverage the government's financial incentives under the Mobile Phone Manufacturing Scheme to succeed.
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