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Samsung to Launch Three New Tablets in Stagnant Indian Market

The overall tablet market saw a 11 per cent decline in the first quarter compared to the fourth quarter last year

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The new Samsung S10 phones are displayed Feb. 20, 2019, in San Francisco. Samsung is hailing the 10th anniversary of its first smartphone with three new models that it hopes reverses a sales slump in an industry recycling the same ideas. VOA

Samsung which gained 51 per cent market share (by value) and 50 per cent market share (by volume) in the first quarter of 2019 in the Indian tablet market is set to launch three new tablets early next week, a top company executive said on Friday.

In 2018, Samsung had 50 per cent market share (by value) and 49 per cent market share (by volume), according to German research firm Gfk.

“We received double-digit growth last year in India and this year, we are aiming for 20 per cent growth in the otherwise stagnant tablet space in the country this year,” Aditya Babbar, Director, Mobile Business, Samsung India, told IANS.

“Tablets are now being used more for browsing, shopping and entertainment experiences. The three new tablets that we are launching with bigger screens and top-of-the-line features will take those experiences to a brand new level,” Babbar added.

The company is set to launch Galaxy Tab S5e in the Rs 35,000-Rs 40,000 price range, Galaxy Tab A10.1 in the Rs 15,000-Rs 20,000 range and Galaxy Tab A8 around Rs 10,000 early next week.

Samsung, Apple
Samsung’s retail presence in the US was marked only by pop-up stores and dedicated spaces in franchisees like Best Buy. Pixabay

The shipment of 4G tablets grew 62 percent in India in the first quarter of 2019, according to CyberMedia Research (CMR).

Lenovo with 26 per cent led the market, followed by Samsung at 17 per cent and iBall also at 17 per cent. Apple was fourth with 9 per cent market share.

Also Read- Apple’s Virtual Assistant Siri to Soon Talk in Desi English Accent

The overall tablet market saw a 11 per cent decline in the first quarter compared to the fourth quarter last year.

“Tablets fits somewhere inbetween the ultrabooks and smartphones. While increased size of screen and affordability of smartphone are primarily the main reasons behind the decline of tablet market, Ultrabooks with better processors and RAM, are also posing stiff competition to tablets,’ said Kanika Jain, manager, New Initiatives, CMR. (IANS)

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Samsung Announces its Partnership with Paisabazaar.com to Offer Financial Products

The feature uses advanced predictive algorithms to provide the most suited lender to customers and significantly improve their chances of loan approval, the company claims

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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

South Korean tech giant Samsung on Tuesday announced its partnership with Paisabazaar.com, an online marketplace for financial products in India.

Paisabazaar.com will now support Samsung Pay to provide users with a one stop solution to their financial requirements.

“Users can apply for credit cards and personal loans from the platform. The move will enable existing and potential users to get the benefit of opting for a host of financial services,” the company said in a statement.

Samsung, Home, Privacy
Arvin Baalu, vice president of product management at Harman International, talks about the Samsung Digital Cockpit during a Samsung news conference at the 2019 CES in Las Vegas, Jan. 7, 2019. VOA

The feature uses advanced predictive algorithms to provide the most suited lender to customers and significantly improve their chances of loan approval, the company claims.

“Samsung Pay has been designed to be the smartest and most convenient method to make digital payments almost everywhere. Our partnership with Paisabazaar.com has helped us create a holistic platform that gives them the comfort of opting for various financial products besides using it as a payment platform,” said Sanjay Razdan, Senior Director-Services Manangement, Samsung India.

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Naveen Kukreja, CEO and Co-founder, Paisabazaar.com., said: “Paisabazaar’s integration with Samsung Pay is a natural fit as it will provide users with a platform that is equipped to give them a variety of quick financial solutions. Our seamless, transparent and end-to-end assistance, combined with industry first ‘chance of approval’ feature will significantly help customers in getting quicker approvals and disbursals.” (IANS)