Inflation not impacting phone sales revenue; 50k bookings in a day: Samsung ...Middle East

Economy by : (Business Standard) -
South Korean electronics giant Samsung feels the ongoing worries on inflation are unlikely to dent mobile phones business in India, adding that it sees a healthy double-digit growth in its revenues this year. The company has witnessed record pre-bookings by 50,000 customers for its newly-launched flip and fold mobile phones models costing between Rs 90,000 - Rs 1.5 lakh within 24 hours, Aditya Babbar, its head of product marketing, told PTI. "All our internal estimates show that the market will grow at a healthy number and we will outpace at 2x," Babbar said, adding it expects the industry to grow in single digits, while it has set itself a double-digit growth target by value for 2022. In th

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