JioPhone impact: Idea may launch Rs 2500 smartphone soon
Ten days after the launch of JioPhone by Mukesh Ambani at the RIL AGM, telcos have said they are now in talks with phone makers to counter Jio's offer. Idea Cellular is the latest to join in with talks of 'cheap handsets.'
Key Highlights
- Idea may be in talks with handset makers for launching cheap handsets.
- The smartphone by Idea Cellular may be priced at Rs 2500.
- The phone may be a dual SIM supporting 2G and 4G technology.
Idea Cellular, the third largest telecom operator in the country is reportedly in talks with phone makers to come up with ‘cheap handsets,’ media reports said on Monday. This comes after Reliance Jio announced the launch of its 4G VoLTE enabled feature phones on July 21.
"The practical solution that we are working on is to work with the handset industry and work with them to be able to bring down cost of handsets by bringing down the bill of material, so that the gap of the announced price of Jio feature phone versus a smart-phone can be brought down to reasonable levels," Himanshu Kapania, the Managing Director of Aditya Birla Company was quoted by News Nation report.
Though JioPhone is a feature phone with many smartphone like features, Idea’s new phones may be a cheaper priced smartphone.
JioPhone is expected to be a single SIM phone while Idea’s smartphone is speculated to be a dual SIM phone which would support 2G and 4G network technologies.
The report said the cost of the smartphone may be as low as Rs 2500.
At the 40th annual general meet of Reliance Industries Ltd, Managing Director Mukesh Ambani said that the JioPhone will be available in September for a refundable security deposit of Rs 1500.
The security deposit will be held by the company for a period of three years.
Ambani said they were trying to make available at least five million JioPhones every week. “We are targeting to have 5 million JioPhones available every week.”
Zeebiz had earlier reported that the newly launched JioPhone will force other phone makers to up their game and upgrade the current feature phones that mostly run on 2G technology to 4G enabled phones.
“There will be rapid acceleration in Q3 and Q4 of this year for adoption of 4G feature phones,” Neil Shah, Research Director at Counterpoint Research told Zeebiz on July 21.
Airtel also said that it will be looking to partner with phone makers for 4G enabled feature phones, a report by Live Mint said last week.
Also Read:
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
12:23 PM IST