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Samsung India to Hire More Talent Across Verticals

In the premium segment, Samsung India saw a massive jump in the first quarter of 2019, clocking 68.9 per cent market share (by volume) and 65.9 per cent (by value), riding on the success of Galaxy S10 series

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To get ahead in the fast-changing tech industry, Samsung said it will expand investment in burgeoning tech segments to propel growth. Wikimedia Commons

Samsung India on Tuesday said that after generating 2,000 new jobs in the past one year, the south Korean giant would hire more talent across verticals throughout the year as it “continuously realigns resources” as per business priorities.

Reacting to a media report that said Samsung is slashing 1,000 jobs in India in the face of stiff competition from Chinese companies, the South Korean tech giant said the report is “misleading”.

“As we contribute to job creation, we continuously realign resources as per business priorities to make our business more robust and efficient for long-term success,” a Samsung spokesperson told IANS.

Samsung’s profit growth has remained under strain since 2017-19 with Chinese companies such as Xiaomi and OnePlus eating into its share in the India smartphone business.

The company’s net profit in the 2018 financial year fell 10.7 per cent to Rs 3,712 crore while total income grew at a similar pace to Rs 61,065 crore, said the report in a leading business daily that cited disclosures with the Registrar of Companies (RoC).

In the TV market too in which Samsung continues to to be the largest player, Chinese companies have started making inroads.

Samsung, however, stressed that its business in India continues to grow and expand.

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DJ Koh, president and CEO of IT and Mobile Communications, holds up the new Samsung Galaxy Fold smartphone during an event, Feb. 20, 2019, in San Francisco. VOA

“We have demonstrated our commitment by building the world’s largest mobile factory in Noida, investing in local R&D and we are exploring new businesses such as 5G Network, among others,” said the spokesperson.

“In the past one year, we have generated 2,000 new jobs at Samsung. Samsung India’s business continues to grow and expand, hence we will hire more talent across businesses through the year,” the spokesperson added.

The company said on Monday that the Indian market is expected to give the company a big opportunity to improve its 5G presence and it would launch 5G in India once telecom operators are ready to work with it.

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In the Indian smartphone market, Samsung has launched two successful series — ‘M’ and ‘A’ — this year. It sold a record five million units of Galaxy “A series” phones in just 70 days, starting March 1, achieving $1 billion revenue.

The company has so far launched six models in the Galaxy A series — Galaxy A50, A30, A20, A10, A70 and A2 Core — and aims to make Galaxy A series a $4-billion brand in India this year.

In the premium segment, Samsung India saw a massive jump in the first quarter of 2019, clocking 68.9 per cent market share (by volume) and 65.9 per cent (by value), riding on the success of Galaxy S10 series. (IANS)

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Apple Users are Replacing iPhones with Samsung: Report

People who chose Samsung repeatedly were in bigger numbers

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Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, Aug. 1, 2018. VOA

Less and less Apple users are sticking with iPhones when it comes to replacement and are switching to Android phones, especially Samsung, a new report by BankMyCell has said.

The iPhone trade-in site has been collecting data on the new device people have during the valuation and trade-in of their old iPhone. It essentially lets users sell their used phone and upgrade to a new one.

BankMyCell found that 18.1 per cent of iPhone users were trading in their device for a Samsung device in June, the highest level since it’s been in the study, according to a CNET report on Thursday.

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FILE – The Samsung Galaxy Fold phone is shown on a screen at Samsung Electronics Co. Ltd.’s Unpacked event in San Francisco, Feb. 20, 2019. VOA

The site collected data from over 38,000 people trading in their phones since October through 2019 to track Apple brand loyalty during the upgrade cycle.

People who chose Samsung repeatedly were in bigger numbers.

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Just 7.7 per cent of Galaxy S9 users switched over to an iPhone and 92.3 per cent remained on the Android operating system (OS). In comparison, 26 per cent of people trading in their iPhone X are moving onto another brand, the report added. (IANS)