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Nokia 8 and Nokia 5 price drop, customs duty on smartphones hiked, Apple plans iPhone 6s production in India and more: Daily news wrap

Here are the top news stories of the day.

  • Published: February 1, 2018 9:35 PM IST
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The day was mostly dominated by the Union Budget 2018, which came with the announcement of a hike in the customs duty on mobile phones and televisions. There also came in reports of a likely price drop on the Nokia 8 and Nokia 5, along with the news of Apple’s reported plans to begin production of the iPhone 6s in India. Here’s looking at all of these news stories.

Customs duty hike

Finance Minister Arun Jaitley today announced a hike in customs duty on mobile phones to 20 percent from 15 percent in a bid to boost local value addition in domestic electronics manufacturing.

However, Jaitley explained, “there will be no increase in the prices of most mobile phone since 81 percent of the volume and 84.5 percent of value is manufactured in India and we will cross 90 percent in both terms in 2018.”

Nokia 8, Nokia 5 price drop

The price of the Nokia 8 has been reportedly dropped by HMD Global, and is now available at Rs 28,999, following a drop of Rs 8,000. Besides, a drop in price of the Nokia 5 has also been reported, bringing it down to Rs 12,499 for the 3GB RAM model. While this price drop looks impressive, it is yet to be announced by HMD Global officially.

Apple plans iPhone 6s production in India

A new report today suggests that Apple could soon start manufacturing iPhone 6s models in India. Reportedly, Apple’s Taiwanese contract manufacturer Wistron is close to sealing a land deal in Bengaluru, wherein the firm is said to be investing around $157 million to develop the site, and a deal could be finalized in the next few weeks.

OnePlus 5T Oxygen OS 5.0.2 update

OnePlus has started the rollout of stable Android 8.O Oreo for OnePlus 5T smartphone. The update is being released as part of the OxygenOS 5.0.2 update, which is the first Android Oreo-based stable OTA update for the phone. The update is an incremental release and will be available to all OnePlus 5T owners in a phased manner.

Premium smartphone segment growing

Finally, a new research shows strong growth in the premium smartphone segment in the market. Reportedly, the Indian premium smartphone market saw 20 percent year-on-year (YoY) growth (by volume) in 2017 driven by the strong performance of Samsung, OnePlus and Apple. The segment grew 28 percent by value in 2017.

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  • Published Date: February 1, 2018 9:35 PM IST