Mobile sales will be maintained at 121 million says Market Research Firm

mobile-phonesAt the end of 2009, revised numbers are being projected for mobile handset sales. Gartner, the Market Research firm had earlier estimated a decline in sales of up to 3.7%. However, with good sales in Western Europe, this decline seems to have been overcome.

The revised estimates declare a flat growth rate. In 2010 however, this figure is optimistic at 9%, and expected to be more from growing markets rather than the mature ones.

According to Gartner's Research Director, Carolina Milanesi, Nokia and Apple are going to face stiff competition from the grey markets in target countries like Asia-Pacific, Eastern Europe, Middle East and Latin America. Just like the Chinese grey market dealers, here too the threat is from manufacturers who do not have a license to sell and manufacture devices without a valid international mobile equipment identity.

She says, "The grey market will affect Nokia's market share the most." Smartphones are expected to do very well as long as the mobile operators keep a check on the high and flat-rate data plans which tend to make the phone unaffordable. More so, with the extreme competition causing average selling price to fall, she says, "Software, services and content will be much bigger drivers than hardware, pushing traditional mobile phone vendors to reinvent themselves to remain at the top of their game,"


Miscellaneous

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.