Jio's $54 smartphone will upend the Indian market

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September 26, 2020 Jio's $54 smartphone will help reshape the Indian tech market. Indian telecom giant Jio has started working with at least two domestic manufacturers to secure capacity for 150–200 million smartphones. Over the proceeding two years, Jio reportedly intends to sell the Android smartphones for $54, a price point the company hopes would entice upgrades from a significant portion of the estimated 350 million basic or feature phone users in India who still rely on 2G service. By shifting millions of Indian consumers from 2G devices to smartphones, Jio will be better positioned to transform into a digital services provider. Business Insider Intelligence's Hirsh Chitkara has the full story. BRIEFING HIGHLIGHTS Microsoft, AWS cloud deals may reshape enterprise software ecosystem Microsoft Azure and AWS are striking distribution deals with enterprise software providers, which may reshape the enterprise software ecosystem. Read More → Amazon's products and operations are drawing new concerns Some of Amazon's private-label goods reportedly pose safety issues and a few of its employees allegedly engaged in corrupt activities. Read More → AT&T and Verizon turn to regulators to fend off T-Mobile Verizon and AT&T each filed complaints with the FCC, alleging that T-Mobile holds an anticompetitive amount of low- and mid-band 5G spectrum. Read More → Quibi is exploring a sale as it faces less success than it had hoped Quibi is reportedly looking for a lifeline in the form of a sale or IPO after promotions failed to bring in needed subscriber counts. Read More → EU may remove Apple's control of its NFC technology The EU will consider new laws requiring Apple to give third parties access to its devices' NFC technology, removing a key advantage for Apple Pay. Read More → LoanDepot's potential IPO puts banks' mortgage digitization in focus LoanDepot is considering an IPO on the heels of the IPO of Quicken Loans' parent company, and may be valued between $12 billion and $15 billion. Read More → Amazon to run Prime Day mid-October, leading into its holiday season Amazon's Prime Day is set for October 13–14 after being delayed due to the pandemic, serving as a key lead-in to the etailer's holiday season. Read More → Facebook ranks last in digital trust among consumers We rank nine platforms⁠—Facebook, Instagram, LinkedIn, Pinterest, reddit, Snapchat, TikTok, Twitter, and YouTube⁠—on how much consumers trust them. Read More → Google antitrust lawsuit from US Justice Department approaches Google's antitrust lawsuit filed by the US Department of Justice reportedly centers around the tech giant's dominance in the search market. Read More → US millennials are struggling to save money amid pandemic Of the 60% of respondents to a TD Bank survey of 1,000 US consumers who said they currently are not saving, more than half were millennials. Read More → RESEARCH IN FOCUS The Software as a Services Explainer In this report, Insider Intelligence explores the SaaS model and its growing share of the enterprise software market. First, we examine the SaaS model and why it has become the dominant model for software delivery through the perspective of software providers and enterprise customers. Then, we look at the three SaaS deployment models and key market segments. Get the full report → The SVOD Shakeout Report New branded streaming services – Disney+, HBO Max, and Peacock – are competing with existing players like Netflix, Amazon Prime Video, Hulu. This means subscribers will be harder to attract than ever before. This report details how each new-to-market streaming video service is positioning itself and predicts how services will fare in the SVOD shakeout to come. Get the full report → The Global E-Commerce Landscape Insider Intelligence examines the effects of the coronavirus pandemic on the development of the e-commerce markets in India, Indonesia, Mexico, and Nigeria. We lay out the major e-commerce players in each country, including both domestic firms and companies based around the world, to examine the level of competition in the four markets. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Business Insider Intelligence has to offer? Our Briefing subscriptions deliver analysis on the biggest trends and decisions shaping the future of a specific industry. Stay on top and subscribe today to receive: A cornerstone industry report Daily Morning newsletters Opportunities to join the conversation Get Started Today → FOLLOW US Email sent to: nguyenvu1187.love5@blogger.com Manage your email preferences  |  Unsubscribe  |  Terms of Service  |  Privacy Policy © 2020 Insider Inc. 1 Liberty Plaza, New York, NY 10006