Reliance Retail's LYF could be worth $1 billion in the next financial year
Advertisement
Advertisement
As per a note from CLSA, LYF, the handset brand from Other than this, Reliance Retail's strong distribution network, better brand appeals at entry level, and initial bundling of Jio's 4G services are also the reasons which could play a pivotal role in pushing LYF handset sales in the country.
Counterpoint Research says that in the first quarter since its launch, the brand has emerged as India's fifth largest smartphone player, with a 7% share in the Indian smartphone market.
Other than this, sales of LYF handset will also get a boost because of the ongoing invite-based Jio's 4G services, an offer exclusively meant for LYF buyers.
Image source
Advertisement
Advertisement
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market