Amazon fab phones fest: Deals on OnePlus 6T, iPhone X, Xiaomi Mi A2, & more

The Amazon fab phones fest is currently live and will continue until March 7. Here are some of the deals to check out.

Amazon India is hosting a three-day sale on smartphones in which the e-commerce platform is offering discounts, bank offers, exchange offers, and no cost equated monthly instalment options on smartphones across various brands. Named the Amazon fab phones fest, the sale is currently live and will continue until March 7. Here are some of the deals to check out:

OnePlus 6T:

This flagship smartphone from the stable of Chinese maker OnePlus is eligible for Rs 2,000 extra exchange value as a part of exchange offer. The phone is also eligible for no cost EMI, and the e-commerce portal is offering additional Rs 2,000 off on EMI orders and Rs 1,500 off on non-EMI orders on Kotak cards – subject to terms and conditions.

iPhone X:

The last year flagship from Cupertino, US-based technology giant Apple is available at a discounted price of Rs 74,999, down 18 per cent from its listed price of Rs 91,900. The phone is eligible for no cost EMI, valid only on HDFC bank credit cards and Bajaj Finserv EMI cards.

Honor View20:

The 2019 flagship from the stable of Chinese smartphone brand Honor is eligible for Rs 4,000 extra exchange value as a part of exchange offer. Besides being eligible for no cost EMI on all major credit cards and select debit cards, the phone is also eligible for no cost EMI option on Bajaj Finserv EMI cards.

Xiaomi Mi A2:

This second-generation stock Android-based smartphone from the stable of Chinese smartphone brand Xiaomi is available at a discounted price of Rs 11,999, down 31 per cent from its listed price of Rs 17,499. The phone is eligible for no cost EMI on all major credit cards and select debit cards.

Samsung Galaxy M10:

This 2019 budget phone from South Korean electronics major Samsung is now available on open sale. The phone is eligible for Reliance Jio double data offer, valid on recharge of Rs 198 and 299. The phone is eligible for five per cent instant discount on HDFC bank credit and debit card EMI transaction. The phone is also eligible for no cost EMI on Amazon Pay ICICI credit cards.

Business Standard

Apple's Asia suppliers fall on report that iPhone XR production boost nixed

Apple shares fell nearly 4% on Monday after the report from the Nikkei financial daily.

Apple Inc's Asian supplier and assembler stocks fell on Tuesday on a media report that the iPhone maker had told its smartphone assemblers to halt plans for additional production lines dedicated to its new iPhone XR.

Taiwanese assembler Pegatron Corp fell nearly 4 per cent and rival Hon Hai Precision Industry Co Ltd (Foxconn) fell 2.5 per cent. Apple is widely considered the biggest customer for Foxconn.

Apple shares fell nearly 4 per cent on Monday after the report from the Nikkei financial daily, which fuelled concerns that the iPhone XR - the cheapest of three iPhones unveiled in September - was facing weak demand just days after it hit shelves.

The Nikkei, citing supply chain sources, said Apple had also asked smaller iPhone assembler Wistron Corp to stand by for rush orders, but that the company will receive no planned orders for the iPhone XR this season. Wistron shares were down just over 1 per cent on Tuesday.

A bunch of Apple's other Taiwanese suppliers fell sharply, including camera lens-maker Largan Precision Co Ltd, which was down more than 7 per cent, and Flexium Interconnect Inc, which fell 6 per cent. The Taiwan Weighted Index was down around 0.9 per cent.

Hong Kong-based acoustic components supplier AAC Technologies Holdings Inc fell 7 per cent. South Korean electronic parts suppliers Samsung Electro-Mechanics Co Ltd and LG Innotek Co Ltd were down more than 6 per cent.

The Nikkei report comes days after Apple said sales for the usually busy holiday period would likely miss analyst expectations as sales in emerging markets including India were weak.

Apple on Monday did not respond to Reuters' request for comment. Foxconn and Pegatron declined to comment on specific customers or products. Wistron was not immediately available for comment... Read More

Business Standard

iPhone X sales slowdown: Suppliers struggle with high inventory low demand

For now, analysts are still counting on the first three months this year to have been Apple's best second quarter ever with an average estimate for $61 bn in revenue.

Latest News


Investors hunting for clues to the iPhoneX’s reception can take a deeper look at its main manufacturing partners. And the latest doesn’t look good.
Apple Inc.’s five largest device assemblers reported a sharp slowdown after peaking at the end of last year, suggesting demand for the high-end device may have faded just a quarter after its release.

While Hai Precision Industry Co., Pegatron Corp. and three other key suppliers reported an 8 percent rise in their total sales across the March quarter, growth slowed sharply later in the period - a drop that in the past has presaged a downturn for Apple.
The concern is that the iPhone X, while enjoying a customary holiday quarter spike for new-generation Apple gadgets, fizzled out rapidly. Apple’s costliest smartphone has struggled to draw customers in emerging markets, while competitors from Huawei to Xiaomi roll out more premium phones and dominate China - the US company’s biggest foreign market. On Friday, Morgan Stanley cut its estimate on iPhone shipments by 6 million, underscoring the growing unease since Taiwan Semiconductor Manufacturing Co., the maker of iPhone processors, issued a disappointing outlook that triggered a 7 percent loss in Apple’s value over just two days.
Apple's Friends in Taiwan
Apple's revenue growth has moved in tandem with its five main device assemblers
Apple’s sales growth bears close correlation with that of its main quintet of assemblers, which depend on the iPhone maker for their own business growth - Hon Hai alone gets about half its revenue from Cupertino. While it’s difficult to translate their numbers directly into Apple’s, a look at reported figures since 2016 suggests it’s possible to draw certain conclusions at the general health of the US smartphone titan’s top-line.
The group is responsible for finishing most of Apple’s gizmos: Hon Hai, Pegatron and Wistron Corp. assemble iPhones. Hon Hai also has a role in other Apple products, splitting MacBooks with Quanta Computer Inc. and sharing iPads with Compal Electronics Inc. Quanta and Compal also make Apple Watches.
Hon Hai and crew can indeed offer insights into Apple’s sales but to a limited extent, said Jusy Hong, a director with IHS Markit. While Hon Hai, Quanta and Pegatron both rely on Cupertino for more than half their business, Wistron and Compal are far less dependent on Apple, according to data compiled by Bloomberg. In addition, as hardware mavens, their operations would have no impact on sales of software and services, a significant and growing part of Apple’s top and bottom line.
“It’s true that they are major assemblers of Apple but at the same time they have other customers,” he said in an email.
Investors remain concerned that iPhone sales at Apple, which reports results May 1, failed to meet their lofty expectations. Mia Huang, an analyst at Taipei-based research firm Trendforce, estimates that overall iPhone production volumes grew slightly to 54-56 million units in the March quarter - barely up from 52 million in the same period of last year, when it was propelled by demand for lower-priced and older models like the iPhone 6S and ramp up of the iPhone 7.
“According to our estimates, iPhone X’s production volume fell by 50% in the first quarter compared to the fourth quarter,” said Huang.

Still, the iPhone X’s higher price tag ensured a tidy jump in revenue. For now, analysts are still counting on the first three months this year to have been Apple’s best second quarter ever with an average estimate for $61 billion in revenue. And while its assembly quintet saw sales decelerate during the period, their collective growth is still double that of a year earlier.