Samsung dials 'M' for millennials, set to disrupt Xiaomi's Redmi
The Indian smartphone market -- currently undergoing great churning at both the hardware and software levels -- is set to witness a game-changing moment this month in the Samsung Galaxy 'M' series devices that may redefine the affordable and mid-level price segments currently dominated by the Chinese players.
The South Korean giant, which has a significant presence across price points in the country, would this month launch two smartphones -- M10 for around Rs 9,500 and M20 for nearly Rs 15,000 -- with not-seen-before specifications like Infinity-V display in this segment.
According to reliable industry sources, the third smartphone M30 with triple-rear camera system will probably arrive next month.
The first-ever 'M' series smartphones with industry-first features are currently being manufactured for the millennials at Samsung's factory in Noida. It will be a global launch for the 'M' series in India and may reach other markets later.
According to experts, Samsung which is still the most vertical integrated player in the Indian market, has set its eyes firmly on de-throwning Xiaomi's highly-successful Redmi series in the affordable and mid-price range segment.
"Samsung has access to latest display, camera, memory and connectivity technologies from hardware perspective. Further, it can enjoy global scale for the same 'M' models more than Xiaomi," Neil Shah, Partner and Research Director at Counterpoint Research told IANS.
According to Shah, Samsung can surely compete well if it has the right value proposition in terms of design, specs and more so camera to take on Xiaomi.
"Samsung is also in better position in offline market and a robust service network. The only caveat has been Xiaomi sacrificing margins and out-pricing competition -- the challenge which Samsung will have to crack with these new models," Shah noted.
Galaxy M20 will house a massive 5,000mAh battery -- the first-ever on any Samsung smartphone -- a big plus for phone users in the country who treat battery life as one of their key requirements. M20 will house a 3,500mAh battery.
"Samsung's new Galaxy 'M' series of smartphones with industry-first features indicates the importance it accords to India as a growth market," said Prabhu Ram, Head-Industry Intelligence Group (IIG), CyberMedia Research (CMR).
"It would look at bolstering and taking the fight to Xiaomi in this price segment, and further cement its leadership in Indian market," Ram told IANS.
The launch of the 'M' series in India, following months of R&D carried out by Samsung India, would be in line with the company's strategy to consolidate its position among the country's millennials.
"There is a need for Samsung to pep up their presence in the affordable and mid-price segment. For sometime, the company emphasised on the premium and luxury segments but now is the time to refresh the bouquet for the highly-saleable segments in our country," emphasised Faisal Kawoosa, Founder and Principal Analyst, techARC.
Samsung that has always believed in being humble when it comes to answering the growing competition is also set to change the game for over 700 million feature phone users who would now have better options to upgrade.
Samsung Mobile today is the most attractive brand in India, a TRA Research report said last month.
"Samsung offers phones with prices ranging from Rs 8,000-75,000 and this very variety sets it aside from other mobile manufacturers," said N. Chandramouli, CEO of TRA Research.
"A differentiated product strategy would fuel Samsung's further growth in India," added Ram.
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