Technology
Slowdown no worry as Samsung growing across channels: Asim Warsi
New Delhi, Sep 7
Samsung does not see the economic slowdown impacting its smartphone business -- both online and offline -- and the outlook is only healthy and positive to grow further, a top company executive has stressed.
According to Asim Warsi, Senior Vice-President, Mobile Business, Samsung India, there has been no change either internally or during the meetings with e-commerce players on lowering down expectations.
"We base our discussions on business and solid facts. Till date, we are on a healthy growth rate. In fact, online business has seen triple-digit growth as we speak, and this will only grow as we enter the festive season," Warsi told Media.
"We do not see any letting up either in our internal plans or in discussions with our ecommerce partners in India. The outlook continues to be positive and I see growth across channels, not just online," Warsi added.
The India smartphone market saw its highest-ever shipment of 36.9 million in the second quarter (Q2) of 2019 -- with 9.9 per cent year-on-year (YoY) and 14.8 per cent quarter-on-quarter (QoQ) growth, according to the International Data Corporation (IDC).
According to Warsi, intelligent consumers are today visiting both the virtual world and brick and mortar stores to get a holistic experience.
"Both online and offline are equally important for the business and growth in India and we are addressing both the segments with our Galaxy 'M' and 'A' series smartphones," said Warsi.
In the second quarter (Q2) this year, Samsung closed the gap with Xiaomi on the back of its India-first strategy and a strong portfolio refresh, with Galaxy 'A' and 'M' series.
The South Korean giant plans to sell over two million smartphones led by its upcoming Galaxy 'M' devices before Diwali.
According to Warsi, the most exciting part is selling the device-plus experience.
"Samsung offers smartphones, smartwatches, Bluetooth-enabled buds (Galaxy Buds), fitness bands and so much more to provide its customers a true connected experience. We have been doing it for the past 3-4 years and will continue to launch smart devices across our ecosystem," the Samsung executive noted.
According to him, while the online smartphone industry is growing at 20 per cent (year-on-year) in value terms, Samsung India's online smartphones business is doing extremely well, .
"We're growing at 2x (triple digits) year-on-year when in comes to online sale of smartphones in the country," informed Warsi.
According to Asim Warsi, Senior Vice-President, Mobile Business, Samsung India, there has been no change either internally or during the meetings with e-commerce players on lowering down expectations.
"We base our discussions on business and solid facts. Till date, we are on a healthy growth rate. In fact, online business has seen triple-digit growth as we speak, and this will only grow as we enter the festive season," Warsi told Media.
"We do not see any letting up either in our internal plans or in discussions with our ecommerce partners in India. The outlook continues to be positive and I see growth across channels, not just online," Warsi added.
The India smartphone market saw its highest-ever shipment of 36.9 million in the second quarter (Q2) of 2019 -- with 9.9 per cent year-on-year (YoY) and 14.8 per cent quarter-on-quarter (QoQ) growth, according to the International Data Corporation (IDC).
According to Warsi, intelligent consumers are today visiting both the virtual world and brick and mortar stores to get a holistic experience.
"Both online and offline are equally important for the business and growth in India and we are addressing both the segments with our Galaxy 'M' and 'A' series smartphones," said Warsi.
In the second quarter (Q2) this year, Samsung closed the gap with Xiaomi on the back of its India-first strategy and a strong portfolio refresh, with Galaxy 'A' and 'M' series.
The South Korean giant plans to sell over two million smartphones led by its upcoming Galaxy 'M' devices before Diwali.
According to Warsi, the most exciting part is selling the device-plus experience.
"Samsung offers smartphones, smartwatches, Bluetooth-enabled buds (Galaxy Buds), fitness bands and so much more to provide its customers a true connected experience. We have been doing it for the past 3-4 years and will continue to launch smart devices across our ecosystem," the Samsung executive noted.
According to him, while the online smartphone industry is growing at 20 per cent (year-on-year) in value terms, Samsung India's online smartphones business is doing extremely well, .
"We're growing at 2x (triple digits) year-on-year when in comes to online sale of smartphones in the country," informed Warsi.

1 hour ago
Trade deal with US to bolster India’s regional role: Report

3 hours ago
Trump administration unveils 'patriotic education' initiative as new priority for federal education grants

5 hours ago
Tucson City Council in Arizona to open with ancient Hindu prayers

6 hours ago
Did Deepika Padukone exit 'Kalki 2898 AD' due to commitment issues?

6 hours ago
Tannishtha Chatterjee wishes ‘incredible woman’ Shabana Azmi on 75th b’day

6 hours ago
Ananya Panday flaunts bronzed glow post her Maldivian holiday

6 hours ago
Divya Dutta to Shabana Azmi: You are supremely precious in my life

6 hours ago
Kerala a bridge between India and Europe: CM Vijayan on blue economy conclave

6 hours ago
Bengal student murder: Protest erupts at Birbhum school, headmaster thrashed

6 hours ago
India-US tariff stalemate likely to be resolved in 8-10 weeks: Chief Economic Advisor

6 hours ago
Rahul Gandhi claims 'systemic' vote deletions in Congress booths, sidesteps question on legal course

6 hours ago
'Yoga instructor sexually assaulted me during Thailand competition': Teenager tells police

6 hours ago
Nilgiris Forest Department in TN clamps down on tourism inside private tea estates