Word on the street is that Jio is launching an affordable smartphone priced at Rs. 4000. And this could be a serious blow to Airtel and Vodafone-Idea (Vi).
Why? (1/6)
Well, the answer lies in the massive 2G user base in India. Airtel has 13Cr and Vi has over 17Cr 2G users. 47% of Airtel's and 60% of Vi's users are on 2G
Even when Jio launched free calls and cheap data plans, they couldn't get a lot of 2G subscribers to shift to Jio (2/6)
The reason being, Jio's 4G sim only works on a 4G phone. And most 4G smartphones sold at the time were still expensive for low-income groups. Although Jio released a 4G feature phone, it didn't manage to convince a lot of people to switch. However that might be changing now (3/6)
Jio is partnering with Google to launch affordable smartphones priced at ₹4000. And word on the street is that Jio has asked Indian suppliers to augment their production capacity so that Jio could push out 20 Cr smartphones in the next 2 years (4/6)
If Jio were to be successful in making an affordable 4G smartphone, it can be a serious blow to Airtel and Vi. On the flip side, Indian manufacturers like Dixon, Lava, Karbonn would receive a big fillip since they could put some of their manufacturing capacity to good use. (5/6)
For more insights like this, subscribe to Finshots- bit.ly/35UXtkm It's free. (6/6)
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The only thread you need to know EVERYTHING about RIL AGM 2024
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🧵👇
Updates about Jio Telecom
-Jio now world's largest mobile data company with a 490-million users, on average consuming over 30 GB of data monthly
-Jio's network carries nearly 8% of global mobile traffic.
-Jio users to get up to 100 GB of free cloud storage, to store and access photos, videos, documents, all other digital content, and data
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Advancements in Artificial Intelligence
- Jio is developing a comprehensive suite of tools across AI - called Jio Brain
- Groundwork for a national AI infrastructure, and gigawatt-scale AI-ready data centers in Jamnagar
- RIL's AI models and services will be hosted within India's borders, and comply fully with Indian data and privacy regulations
- Jio Phonecall AI that lets users record and store any call using AI and convert it from voice to text
Nov 2022: Valued at $450 Mn, ZestMoney was all set to be acquired by PhonePe.
Dec 2023: ZestMoney shuts down!
What changed?
🧵👇🏼
2023 hasn’t been kind to ZestMoney–
The funding dried up;
PhonePe backed away from the acquisition;
And even the 3 founders resigned in May.
The reason?
Well, the business model itself.
See, if you made a purchase via ZestMoney, they’d take care of the bill at no cost– and you’d have to pay it back in installments over 3–6 months without interest.
🚨Retail inflation hit an alarming 15-month high of 7.44% in July 2023!
To give you some perspective, the RBI is expected to keep inflation between 4-6%. Now this could be a challenge for us. So, what should you do to protect your finances?🤔
Here are 3 things to know 🧵👇🏽
✅TRACK YOUR SPENDING
Bucket all your expenses into broad categories— rent, electricity, phone bills, personal care, groceries, childcare, fuel, subscriptions, transportation, house maintenance etc.
Once you have it all listed out, go over each category and see where you can comfortably trim down excessive expenses like frequently eating out or under utilized subscriptions.
See, the story starts in 1986 when after being forced out of Apple, Steve Jobs acquired Pixar from filmmaker George Lucas for a mere $5 million. And further invested another $5 million in the company.
At that time, Pixar was just a fledgling computer graphics division of Lucasfilm. However, Jobs saw the potential in the technology and the creative minds behind it!
But, the road to success was far from smooth for Pixar.