Govt statement says Samsung management announced several welfare measures for workers but has no word on registering a union, one of the primary demands of workers.
The company priced its new clamshell Galaxy Z Flip5 at $999.99, and the wide Galaxy Z Fold5 at $1,799.99 in the US — same as the launch prices of the last two years' models.
Report by Counterpoint Research attributes decline in smartphone shipments to sluggish demand, high inventory buildup & growing consumer preference for refurbished phones.
Demand for foldable phones could increase if there are more phones like the newly launched Tecno Phantom V Fold. At Rs 88,888, it costs almost half as much as Galaxy Z Fold 4.
Samsung said memory demand had dropped sharply because of a weak global economy and customers slowing purchases as they focused on using up inventories.
In FY 2025-26, AoN for 55 proposals amounting to Rs 6.73 lakh cr has been accorded by DAC. Both the quantum of AoN given and capital contracts signed, so far, have been the highest in any FY.
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