Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Disaster or digital spectacle? The dangers of using floods to create social media content 
Glastonbury is as popular than ever, but complaints about the lineup reveal its generational challenge 
BOJ May Raise Japan Growth Forecast While Keeping Focus on Inflation Risks 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
Asian Stocks Rise as AI Chip Rally Offsets Middle East Tensions 
Dollar Slips as Oil Prices Ease, Fed Rate Outlook Remains Uncertain 
SK Hynix’s $28B U.S. IPO Draws Strong Demand as AI Chip Boom Fuels Investor Interest 
AI is driving down the price of knowledge – universities have to rethink what they offer 
Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey 
The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated 
Foxconn Q2 Revenue Surges Nearly 40% on Strong AI Server Demand 
Asia Stocks Slip as Iran-Hormuz Tensions Lift Oil Prices, Dollar and Bond Yields 
European Regulators Clash With U.S. Treasury Over Private Credit Transparency 
Levi Strauss Raises 2026 Outlook After Q2 Earnings Beat, Shares Drop Despite Strong Results 
Japan Eyes Bigger GPIF Investment in Domestic Assets as BOJ Independence Concerns Grow 
Samsung Electronics took a 20 percent market share in India in the last quarter of 2022 to take the top spot in the world’s second-biggest market for devices over erstwhile leader Xiaomi Corp., who had an 18 percent market share.
Xiaomi Corp, wicho is overhauling its India strategy after misjudging consumer tastes in mobile phones, focused on selling mobile phones under US$120, while Indian consumers were willing to pay up for better looking models with richer features.
South Korea’s Samsung launched products to meet those aspirations and offered innovative financing schemes that made them affordable to most.
Tarun Pathak, a research director at Counterpoint, noted that while the Indian market is witnessing a so-called ‘premiumisation’ trend, Xiaomi was underprepared for the shift with a budget phone-heavy portfolio.
In India, the market share of sub-$120 phones decreased from 41% in 2017 to 26% in 2022, according to Counterpoint. Additionally, in the same time frame, the share of premium phones—those costing more than $360—doubled to 11 percent.
India is a significant growing market for both Xiaomi and Samsung, with smartphones being the most popular electronic item there. While Samsung reported revenues of $10.3 billion, of which $6.7 billion came from smartphones, the Chinese manufacturer brought in a total of $4.8 billion in India between 2021 and 2022.
Yet Xiaomi, which has admitted in the past that it released "too many" models, is restructuring its product lineup to concentrate on high-end smartphones.
The Redmi Note 12 was released in January, and the top-end model costs more than 30,000 rupees.
