Taking on Chinese player Xiaomi big time, South Korean tech giant Samsung sold two million phones in its mid-price segment Galaxy A series in India in just 40 days starting March 1, earning a revenue of $500 million.
Samsung is targeting $4 billion in revenues from its Galaxy A series of phones this year.
Earlier this month, it announced Galaxy A20, its fourth smartphone in the Galaxy A series this year. Galaxy A20 is available in India at Rs 12,490.
In March, Samsung launched galaxy A10 at Rs 8,490, A 30 at Rs.16,990 and A50 in two variants - one at Rs 19,990 and the other at Rs 22,990.
"In the first 40 days starting March 1, we have sold a total of two million units of three Galaxy A models in India - A50, A30 and A10. The revenue turnover from these three phones in 40 days is $500 million," Ranjivjit Singh, Chief Marketing Officer and Senior Vice President, Samsung India, told IANS on Monday.
"I think this a record for any brand in the industry," Singh added.
"When the rest of the portfolio in A series becomes available, we are sure of not only achieving but exceeding our target,a the Samsung executive said, adding that the A series phones will continue to be available across the channels - both online and offline.
Samsung India is now gearing up to launch the Galaxy A70 smartphone with triple camera system next week and the Galaxy A80 with rotating camera in May.
"We will launch the Galaxy A70 in India next week in Rs 25,000 to Rs 30,000 bracket and the Galaxy A80 in the Rs 45,000 to Rs 50,000 bracket in May," Singh said.
Samsung earlier announced that it would launch at least one phone every month from March to June this year.from now, the Huawei official said.
Another area where 5G has taken a march over the earlier technologies is that there are four manufacturers currently developing 5G chipsets for fast processing, whereas there were no chipsets for 4G in the initial years of its rollout.
The Huawei Deputy Chairman said there are 40 5G handsets already in the market, even before any large scale launch of 5G services.
The summit is being seen as a Huawei exercise to showcase its 5G technology prowess as operators across the world start buying spectrum in government-controlled auctions to start services during later part of 2019 or in early 2020.