SAMSUNG GALAXY M30 - EXPECTS OVER $1 BILLION REVENUE

SAMSUNG GALAXY M10S AND GALAXY M30 SAMSUNG INDIA EXPECTS OVER $1 BILLION REVENUE || LAUNCH IN INDIA BEFORE DIWALI

In New DELHI Samsung India expects to clock over $1 billion revenue from online smartphone sales in 2019, doubling over 2018, while taking nearly 25% share of the overall online market revenue,

As the Korean major doubles down on the e-commerce channel in a bid to regain its No. 1 spot from China's Xiaomi.

The smartphone maker plans to sell 2 million smartphones during October along which would come to about Rs 3,000cr of gross merchandise sales, even as it introduces new models in the M series dedicated to the online market.

SAMSUNG REPORTS

“The online industry is going to be about $4.5 billion in 2019, and we will take about 25% share of that on the back of our online models. While the industry has been growing at 20% on-year, while our online sales have grown by over 100%, on-year by value year to date and year to go,”

- Said Asim Warsi senior vice president of mobile sales at Samsung India.

“The pace will pick up further in the coming months especially the festive season, where we plan to sell about 2 million units, which will be gross merchandise of Rs 3,000cr,”

-Warsi added.

As Samsung gets ready to launch the new Galaxy M30s smartphone in India on September 18, the South Korean tech giant has stated it will also be bringing a new phone called Galaxy M10s in the country.

The smartphone will make its India debut before Diwali; however, the company is keeping the exact release date under wraps for now.

SAMSUNG BUDGET FOR INDIA

Additionally, Samsung will also release a new variant of its Galaxy M30 smartphone in the country, featuring 3GB of RAM and 32GB of inbuilt storage.

Samsung had introduced its budget India-first Galaxy M-series in late-January this year in an effort to regain ground ceded to Chinese smartphone makers like Xiaomi, Oppo, Vivo, and Huawei.

The company has been lagging behind Xiaomi in the country, and the Chinese smartphone maker has continued to top the smartphone market for eight consecutive quarters.

However, the launch of the M series over six months ago and the revamped A series have helped the company catch up to its Chinese rival.

In an effort to continue Galaxy M-series' successful run in the country, Samsung is now gearing up to launch two new smartphones and a new variant of the existing Galaxy M30 phone.

According to Warsi,

“Samsung will launch the new Galaxy M30s, Galaxy M10s and a new 3GB RAM variant of the Galaxy M30 phone. The company has already revealed that the Galaxy M30s will be unveiled in the country on September 18 with a massive 6,000mAh battery on board.”

Warsi also confirmed that

“Samsung Galaxy M30s would feature a triple rear camera setup with a 48-megapixel main sensor, a 6.4-inch Super AMOLED Infinity-U Display, and Exynos 9611 SoC. As per a recent IANS report, Samsung Galaxy M30s will be priced between Rs. 15,000 and Rs. 20,000 in the country.”

Further, Samsung will also be bringing a new 3GB + 32GB variant of the Galaxy M30 to the country. Samsung Galaxy M30, which was launched in February, is currently offered in 4GB + 64GB and 6GB + 128GB models.

There is no word on the pricing of the new variant at this point, but it is likely to be between Rs. 11,990 and Rs. 12,990. As mentioned, both Samsung Galaxy M10s and Galaxy M30 3GB + 32GB variant will reach stores before Diwali.

Samsung Galaxy M30 Price In India: ₹13,990