Due to the rapid spread of Corona again in China during the last few weeks, there may be a labor shortage in many industries. This is also likely to affect the launch of new PCs and laptops. In China, the government had given some relaxation in the restrictions related to Corona. Since then the number of people infected with this virus is increasing. The problems of suppliers of companies manufacturing personal computers and laptops in China have also increased due to Corona. Many workers of some of these firms have been infected with the virus and due to this production has had to be temporarily stopped. This will cause delays in shipments, which will impact the availability of products like new laptops. Contract manufacturing firms like Compal, Inventec, Quanta and Wistron have not yet faced shortages of components or workers. Due to the inventory already available with them and the demand not being expected to be very high in the first quarter, they have not asked their suppliers to increase production. However, big companies manufacturing personal computers may face difficulties and this is likely to impact the supply of PCs. The situation in China is worsening due to increasing Corona cases. A large number of people are getting infected by the new variant of this epidemic called BF.7. The reports coming from China have shocked the whole world. The videos coming from Chinese hospitals are scary. One such video has been shared on social media, in which it can be seen that a doctor became so tired due to the workload that he collapsed on his chair. This video has been shared by ‘The Telegraph’. It can be seen that a doctor is looking at the patients present in the hospital. After this he suddenly falls on his chair and other doctors come to help him. This indicates that China’s hospitals are full of patients and the systems there have completely collapsed. Experts say that 60 percent of China’s population may get infected with Corona in the next 90 days.
Tag: sales
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HP suffered a blow due to weak demand for PC, Laptop, 29 percent decline in sales.
HP, one of the big computer devices companies, has been shocked by the slowdown in the personal computer market. In the first quarter of the current year, the sales of the company’s personal systems segment (desktop and notebook PC) have declined by 29 percent. There was a decline of about five percent in the printing segment of the company. Market research firm IDC has reported that global PC shipments declined by approximately 30 percent in the first quarter. There was a strong increase in demand for companies like HP, Lenovo and Dell during Corona. The main reason for this was the increase in sales of laptops and other electronic devices due to the staff of many companies working from home. In the last few months, sales of devices like laptops have declined due to most companies calling workers back to office. HP expects revenue to grow in the second half of the current year. “The second half will be better from a consumer demand perspective,” Enrique Lores, the company’s CEO, told Reuters. The company’s revenue in the last quarter was $12.91 billion. Analysts had estimated it to be a little more than $13 billion. However, the company’s net income increased to $1.1 billion. It was one billion dollars in the same period last year. Global shipments of PC declined to 5.69 crore in the first quarter of this year. It was Rs 8.02 crore in the same period last year. In the last quarter of last year, these shipments had declined by 28.1 percent on a year-on-year basis. Apple’s shipments declined the most in the first quarter by about 40.5 percent. The PC market in India grew only 0.3 percent last year. However, this market has registered a decline of 28.5 percent in the fourth quarter of last year. This market includes desktops, notebooks and workstations. The notebook category declined 37.8 percent in the fourth quarter, while desktop shipments increased. HP ranks first in the country’s PC market. Its market share is more than 30 percent. Last year, the global market for personal computers had declined by 16 percent. Recession, increase in energy costs and high interest rates were the major reasons behind this. -
Mahindra’s Scorpio-N becomes costlier, know the new price
Mahindra and Mahindra, one of the big automobile companies, has once again increased the price of its SUV Scorpio-N. This is the third time this year that its price has increased. Scorpio is the best selling model for the company. Its starting price has been increased by Rs 21,000. The price of its entry level manual transmission Z2 petrol variant has increased to Rs 13.26 lakh (ex-showroom). The Scorpio-N is made available in five variants – Z2, Z4, Z6, Z8 and Z8L. All these variants are available in both petrol and diesel options. The price of its entry level manual transmission diesel variant Z2 will be Rs 13.76 lakh. The price of its top diesel variant Z8L 4WD with automatic transition has increased by Rs 2,000 to Rs 24.53 lakh. The six-seater top petrol variant of Scorpio-N, Z8L with automatic transmission, can be purchased for Rs 21.78 lakh. This SUV is available in 2.0 liter turbocharged petrol engine and 2.2 liter diesel engine options. Its petrol engine generates maximum power of 197 bhp and peak torque of 380 Nm. Recently, the company had offered a huge discount of Rs 1.25 lakh on its electric SUV XUV400. Earlier this year the company launched XUV400. Its range on a single charge is a little more than 450 kilometers. This discount will be available till the end of September. The XUV400 competes with MG’s ZS EV and Tata Motors’ Nexon EV. This is the second time in two months that Mahindra is offering discounts on its only electric vehicle. This is a cash discount and does not include any other benefits. However, there is no discount on its variants with Electronic Stability Control (ESC). The XUV400 has two variants – EC and EL. The company may launch a new version of it soon. XUV400 can be bought for less than Rs 15 lakh with this discount in September. Last month the company updated XUV400 with new features. It will have features like electronic stability program, tire pressure monitoring, cruise control and fog lamps. -
iPhone 15 Pro Max delivery will be delayed in some countries, know the reason
The iPhone 15 series launched this week is expected to receive strong demand from all over the world. However, the delivery of iPhone 15 Pro Max of this series in some countries including America, China and Japan may have to wait till November. However, the wait of more than four weeks in China for this smartphone may be less of a problem for Apple. The company is facing tough competition from Huawei in its third largest market and restrictions are also being imposed on the use of iPhones by government employees in China. According to Apple’s website, there will be a wait of two to three weeks for the iPhone 15 Pro in China. The company has said that it can make iPhone 15 available as soon as its sales start on September 22. In America, Apple’s biggest market, customers will have to wait for six to seven weeks for the iPhone 15 Pro Max. This is the most expensive smartphone of the new iPhone series. Its delivery in Japan will be delayed by up to six weeks. Some analysts said that the delay of a few weeks in the delivery of iPhone 15 Pro Max is indicating that the company is finding it difficult to get the supply of the display used in it. This display is thinner than previous iPhones. However, Nabila Popal, research director at market intelligence firm IDC, says these problems have been resolved. The new iPhone series includes iPhone 15, iPhone 15 Plus, iPhone 15 Pro and iPhone 15 Pro Max. iPhone 15 Pro and iPhone 15 Pro Max also have the same USB Type-C charging port as the iPhone 15 and iPhone 15 Plus. The new A17 Bionic chipset has been used in the Pro models of iPhone 15. The company claims that this chipset has better efficiency and more power than A16. Apple has planned to increase manufacturing in India. The company has prepared to shift a large part of its manufacturing in China to India. Recently Apple also opened two retail stores in India. These stores are getting good response. In the last few years, the sales of iPhones in the country have increased rapidly. -
Big success of Maruti Suzuki Dzire, 25 lakh units sold in 15 years
The country’s largest car maker Maruti Suzuki’s compact sedan Dzire has achieved sales of 25 lakh units in 15 years of its launch. The company claims that the sales of any other compact sedan competing with it have not reached 10 lakh units in the country. Dzire is priced between Rs 6.53 lakh and Rs 9.39 lakh (ex-showroom, Delhi). The compact sedan segment includes Hyundai’s Aura, Honda’s Amaze and Tata Motors’ Tigor. Maruti’s Dzire can be purchased in Magma Grey, Bluish Black, Oxford Blue, Arctic White, Phoenix Red, Splendid Silver and Sherwood Brown. Shashank Srivastava, Senior Executive Officer (Marketing & Sales) of the company said, “The company is committed to offering benchmark products with global quality standards across all segments. Dzire is a testament to the customer preference for the company’s products. We are proud of its 25 We thank our customers for achieving the milestone of selling one lakh units.” It has a 1.2 liter petrol engine. It is available in both manual and AMG variants. The company has offered huge discounts on its cars sold through Arena dealerships in September. A discount of up to Rs 60,000 is being given on eight models of Maruti. Recently, Maruti’s Arena dealerships had crossed the sales of 70 lakh cars. The benefits offered by the company include cash discount, corporate discount and exchange bonus. A cash discount of Rs 35,000 and exchange bonus of up to Rs 20,000 can be availed on WagonR, one of Maruti’s best-selling cars. Along with this, a corporate discount of Rs 4,000 is being given by the company. Its CNG variant is getting a discount of Rs 54,000 including a cash discount of Rs 30,000. On purchasing the company’s Swift hatchback, you are getting cash benefit of Rs 35,000 and exchange bonus of Rs 20,000. Apart from this, a corporate discount of Rs 5,000 is also available. Maruti expects the sales of passenger vehicles to be more than 10 lakh units in this festive season. The company earns 22-26 percent of its total sales in a year during the festive season. -
Apple, Samsung and HP stopped import of laptops in India, government has imposed ban
Apple, Samsung and HP, among the big companies manufacturing devices, have stopped the import of laptops and tablets in India. The central government had on Thursday banned the import of these devices without a license. Its objective is to increase local manufacturing of electronics. However, this decision of the government has dealt a big blow to companies manufacturing personal computers, laptops and tablets. Most of these companies import these devices for sale in the country. In the Bloomberg report, quoting sources having knowledge of this matter, it has been said that these companies are in talks with the government to soon get a license to import these devices. For them the festival season is very important in terms of sales. Queries sent to Apple, Samsung and HP in this regard did not receive any response. This may increase problems for companies like Apple and Samsung. These companies are already struggling with excess inventory in the international market and slowing growth. This decision can have a big impact on the import of laptops and personal computers from China. The import of electronics in the country during April to June was approximately $19.7 billion. This included laptops, personal computers and tablets. In this regard, it was stated in the notice issued by the government, “Import will be allowed on valid license for limited import.” The share of electronics in the country’s total merchandise imports is 7 to 10 percent. Ali Akhtar Jafri, former director general of MAIT, an organization associated with the electronics industry, says, “The purpose of this decision is to increase manufacturing in the country.” Through production-linked incentives, the government is trying to increase local manufacturing in more than two dozen sectors including electronics. With an aim to attract large investments in IT hardware manufacturing, the government has extended the deadline to apply for the $2 billion Manufacturing Incentive Scheme. This scheme is important to make the country a major force in the global electronics supply chain. The government aims to increase the annual production of electronics to $300 billion by 2026. Big companies selling laptops in the country include Apple, Dell, Lenovo and HP, Acer, Samsung and LG. A large number of laptops are imported from countries like China. -
Heavy discounts on Maruti Suzuki cars in September before the festive season
The country’s largest car maker Maruti Suzuki has offered huge discounts on its cars sold through Arena dealerships in September. A discount of up to Rs 60,000 is being given on eight models of the company. Recently, Maruti’s Arena dealerships had crossed the sales of 70 lakh cars. The benefits offered by the company include cash discount, corporate discount and exchange bonus. A cash discount of Rs 35,000 and exchange bonus of up to Rs 20,000 can be availed on WagonR, one of Maruti’s best-selling cars. Along with this, a corporate discount of Rs 4,000 is being given by the company. Its CNG variant is getting a discount of Rs 54,000 including a cash discount of Rs 30,000. On purchasing Maruti Swift hatchback, you are getting cash benefit of Rs 35,000 and exchange bonus of Rs 20,000. Apart from this, corporate discount of Rs 5,000 can also be availed. Benefits of up to Rs 54,000 are available on the company’s small car Alto K10. These especially include a cash discount of Rs 35,000, exchange bonus of Rs 15,000 and a corporate discount of Rs 4,000 on its petrol manual variant. A cash discount of Rs 20,000 is available on its petrol automatic and CNG variants. Maruti’s other models like Celerio, Dzire, Ertiga and Eeco are being given discounts ranging from Rs 20,000 to Rs 59,000. Recently, Maruti had said that it expects the sales of passenger vehicles to be more than 10 lakh units in this festive season. Shashank Srivastava, senior executive officer of the company, had said that usually the festive season generates 22-26 percent of the total sales in a year. He had told, “The total sales of passenger vehicles in this financial year are estimated to be around 40 lakh units. Sales in the festive season may be around 10 lakh units.” Sales in the automobile industry have been strong this year and are expected to continue in the coming months. Maruti has about 43 percent share in the passenger vehicles segment. -
Lenovo suffered a big blow due to decline in PC sales, 24 percent decline in revenue.
China’s Lenovo has suffered a major setback due to the decline in demand for personal computers (PC). The company’s revenue declined by 24 percent in the June quarter. The world’s largest PC maker is facing decline in sales for four consecutive quarters. The company’s profit was 14 percent less in the last financial year. Lenovo’s revenue in the June quarter was $12.9 billion. After this the share price of the company has decreased by six percent. There was a significant increase in electronics sales during Corona as customers and companies purchased a large number of PCs to shift to remote work. However, last year the company’s revenue started declining due to decrease in demand due to increase in interest rates and increase in inflation. The pace of recovery in PC demand is weak and many retailers are left with unsold inventory. This has forced PC makers and their suppliers to adjust production volumes and rates. There was a 29 percent decline in global shipments of PC in the first quarter of this year. Due to this, American company Apple, which manufactures Mac computers, suffered a big loss. Market research firm IDC reported that global shipments of PC declined to 5.69 crore units in the first quarter. It was Rs 8.02 crore in the same period last year. In the last quarter of last year, these shipments had declined by 28.1 percent on a year-on-year basis. Apple’s shipments declined the most in the first quarter by about 40.5 percent. The decline in shipments for Dell was 31 percent. Apart from this, Lenovo, Asustek Computer and HP also faced decline in shipments in the first quarter. Apple had said that sales of its Mac computers had increased rapidly during the pandemic due to work from home. There has been a 29 percent decline in value terms in the first quarter on a year-on-year basis. IDC had said, “The decline in demand has given device makers an opportunity to make changes in the supply chain. Many companies are exploring the possibility of increasing production outside China.” There is a possibility of slowdown in the economies of big countries. Financial crisis in some big banks and increase in inflation may hamper growth and investment.