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Sep 23, 2020 6 tweets 2 min read Read on X
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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More from @finshots

Aug 29
Reliance Industries 2024 AGM just ended!

The only thread you need to know EVERYTHING about RIL AGM 2024

1/n

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Updates about Jio Telecom

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2/nImage
Advancements in Artificial Intelligence

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Jan 10
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What?!! 👀👇🏽 Image
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The new entity started focusing more on affordability, rather than quality.
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If the RBI prints a ₹100 note and gives it to a bank for circulation.
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Nov 2022: Valued at $450 Mn, ZestMoney was all set to be acquired by PhonePe.

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The funding dried up;
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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.
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In 1995 Steve Jobs became a billionaire. But..

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Well, here's the story of what happened 🧵👇🏽

(Like❤️& RT🔄️) Image
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. Image
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!

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