The price of Pixel 6 could start from $599. The much-awaited Google Pixel 6 is expected to get price tagged with $599 for 128GB of memory, while the other 128GB Pixel 6 Pro variant could start from $898, based on the leaked price from Target stores, as noticed by M. Brandon Lee and Evan Lei. As proof of his claim, Lei posted a picture of Google Pixel 6 prices that are already displayed on the shelves of Target. At the same time, Lee tweeted pictures of the store’s inventory system with the identical prices of the soon-to=be launched Google Pixel 6 series. The “street date” for both phones (aka their launch dates) is set for the 28th of October.
Lee has reported previously that European pricing of Pixel 6 and the Pixel 6 Pro will be EUR649 and EUR899, respectively. the WinFuture‘s Roland Quandt has discovered Amazon UK listings which show that the 128GB Pixel 6 Pro is priced at PS849 and has a delivery date of 1st November. A Pixel 6 Pro with 256GB of storage might be priced at PS100 more, or PS949.
If true, these costs are much lower than what we had hoped for following the announcement that Google announced it was working on the “ultra high end” smartphone in August. Google’s chief of hardware Rick Osterloh even said that the phone will “certainly be a premium-priced product,” which suggested a price of more than $1,000. Surprisingly, these prices are lower than the lower-end Google Pixel 5, which was launched at $699 earlier this year.
After the price leak, fans are expecting the jaw-dropping price of the Google Pixel 6 series in India as well. Considering the history of Google with respect to the predecessors of Google Pixel phones, It’s now being expected that the India price of Google Pixel 6 will start from no more than Rs 49,000.
In fact, there are few reviewers that are claiming to got their hands on the device, and have stated posting the unboxing videos of Google PIxel 6 a day ahead of the launch.
Google is set to unveil its latest smartphones in an event scheduled for Tuesday, October 19 at 1PM ET or 10 AM PT. The main attraction of the upcoming two Pixel smartphones is the under the hood processor. Google Pixel 6 and Pixel 6 Pro is the first one from Google to feature Google made processor Tensor and will be able to support face-unlocking. These can support up to 23W wireless fast charging using the new Pixel Stand, and come with five years of Android security updates.
The value of Bitcoin touched a six-month high on Friday as traders were more confident that U.S. regulators will approve the launch of an exchange-traded fund based upon its futures contracts.
The world’s largest cryptocurrency recorded an appreciation of nearly 4% to $59,664, making it reach the highest level in the last six months. It is now close to April’s record of $64,895 and has nearly doubled its value.
Barely four months ago the crash in the cryptocurrency market impacted Bitcoin the most. Its value tanked below $40,000 triggering debate over the future prospects of Bitcoin.
Bloomberg News reported that the U.S. Securities and Exchange Commission is ready to allow the first U.S. Bitcoin futures ETF to trade next week. This was according to people familiar with the matter.
Ben Caselin, Head of strategy and research at Asia-based cryptocurrency exchange AAX, didn’t find bitcoin’s recent spike to $59,000 much surprising. He explains that it’s mainly due to the fact that long-term investors have been accumulating it for a while.
He stated that it was widely believed that Q4 would see significant progress in relation to a Bitcoin ETF in the U.S.
A tweet from the SEC’s investor education office, he stated, also spurred Friday’s actions.
Investors in the cryptocurrency market have been waiting for approval of the first national bitcoin ETF. Some of bitcoin’s recent rally has been in anticipation of this move and how it might speed up mainstream adoption.
Many fund managers have applied for the launch of bitcoin ETFs in America, including ProShares, Invesco and Valkyrie, as well as VanEck Bitcoin Trust, ProShares and Invesco. This year, cryptocurrency ETFs were launched in Canada and Europe.
Gary Gensler, SEC Chair, has stated previously that the crypto market includes many tokens that may not be registered securities. This leaves prices vulnerable to manipulation and millions of investors exposed to risk.
According to Bloomberg, ProShares and Invesco’s proposals were based on futures contracts. They were filed under mutual funds rules Gensler stated provide “significant investor protections”.
Investors’ resistance towards Bitcoin is slowly softening after getting influenced by the strongly-worded statement from the governor of the Bank of England, Andrew Bailey. He advises investors not to get influenced by the rally in the cryptocurrency market. In fact, another report from JP Morgan highlights that a majority of investors believe that Cryptocurrency is as dangerous as rat poison.
PhonePe, the market leader in UPI transactions and financial services, announced a significant declined of 44 percent in losses incurred during fiscal 2021 (FY21), on a stand-alone basis, compared to the previous fiscal. Losses from operations, excluding expenses related to the Employee Stock Ownership Plan (ESOP) and costs, were $888 million in FY’21 as per the regulatory filings filed by PhonePe. Just to put things in perspective PhonePe reported a loss of Rs 1,570 crore during the previous financial year.
PhonePe’s fiscal year (FY’21) ended on March 31, 2021.
The decrease in loss is due to the lower operating costs, caused by lockdown due to Covid19, along with a significant increase in revenue. The revenue of PhonePe soared from $372 million in FY’20 to a whopping $690 million in FY21.
A whopping 85 percent increase in year-on-year (YoY) revenue growth was driven by a dramatic increase in transactions through the platform, as the company accounted for a large share of transactions through United Payment Interface (UPI) and Bharat Bill Payment System (BBPS).
Gross margins increased from 60 percent to 85 percent in just one year. The Walmart-backed company also offered the largest ESOP, amounting to Rs 843 crore, for employees during the fiscal year, up significantly from Rs 206 crores in FY20.
The loss of PhonePe after taxes and excluding ESOP expenses was Rs 1,728 crore. That’s a 2.5 percent decline from 1,772 crore for FY20.
The company’s expense totaled Rs. 2,455 crore in the last fiscal year, which was up 11 percent from the Rs 2,202 crore in FY’20. Also, total income grew by more than 70% to reach 725 crores in FY21, up from 427 crores.
PhonePe is responsible for the majority of UPI monthly volume as well as 47 percent of the number of transactions. The most recent data released from the National Payments Corporation of India (NPCI) on BBPS for September indicated that with 1.65 billion monthly transactions PhonePe is the leader in the market, accounting for 45 percent of the volume share. NPCI reported that 3.65 billion UPI transactions were recorded in September 2021.
Digital transactions also increased in FY21 as people shifted to online payment options in the wake of the COVID-19 epidemic which caused the nationwide lockdown. During the testing time, PhonePe was the top choice by users and became a market leader for UPI payment transactions by December of 2020, leapfrogging Google Pay. In March, PhonePe became the first UPI player to surpass $1 billion in terms of monthly transactions.
In 2015, the company was founded with former Flipkart management Sameer Nigam Rahul Chari, as well as Burzin Engineer the company now has more than 300 million users registered. Apart from payment services the platform also provides insurance, purchasing gold as well as mutual fund services.
A successful cyber-attack is likely to cause a wide range of problems in your business. From shutting down your daily operations to causing irreparable damage to your customer relationships, no company can easily accept the consequences of a successful cyber-attack.
Addressing cyber security vulnerabilities in your businesses should be a holistic process. It is not enough to simply install standard anti-virus software and assume you are adequately protected. In order to properly safeguard your business, you need to identify and protect yourself against all of the most common cyber-attacks, including phishing attacks.
What is a Phishing Attack?
A phishing attack is one of the most common forms of cyber-attacks. A phishing attack specifically targets emails. Traditionally, phishing attacks were pretty easy to spot; the most common example of typical phishing attacks was known as the Nigerian Prince scams. However, in recent years this form of attack has become increasingly sophisticated.
Modern phishing attacks can be highly targeted, this is known as a spear-phishing attack. A criminal conducting a sphere phishing attack will have likely conducted thorough research into the victim, so they are confidently able to disguise themselves as an individual or organization that the victim will trust. Another common type of physical attack is called a business email compromise or simply a BEC. A BEC involves the attacker disguising themselves as a business to motivate the victim to conduct the desired action.
Preventing a Successful Cyber-Attack
Email security is essential for preventing a successful cyber-attack, as this type of system limits the chances of human error leading to a successful attack. Email security works to secure your email in a number of different ways. For example, email security will help you to increase your password security, scan for potentially damaging emails and monitor your existing security levels. When you combine dedicate email security with training and understanding, you will be able to confidently limit the chances of you experiencing a successful cyber-attack.
The Consequences of a Successful Phishing Attack
The particular effects of a successful phishing attack will depend on the specific intentions of the attacker. However, some of the most common consequences of a phishing attack are listed below.
Malicious software, or as it is more commonly known, malware, can be used to complete a range of different cyber-attacks, such as ransomware, viruses, worms, and trojans. It is common for malware to be attacked directly in an email or embedded in an attachment such as a document.
It is common for cyber-attackers to use phishing emails to gain access to your sensitive or personal information. Once attackers have gained access to your personal information, they will then be able to use this for fraudulent purposes.
3. Loss of Computer Systems
A cyber-attacker might use a phishing attack to prevent your access to your computer system. The most common reasons why an attacker might prevent your access to your computer systems might be to extort a ransom payment or use your computer for mining.
Amazon.com Inc has been repeatedly accused of copying other brands’ products it sells through its website, and of using its massive collection of internal information to market products of its own brands at the cost of merchants.
Amazon, of course, has refuted all such claims and allegations. But the recent revelation from Reuters has, once again, put the e-commerce behemoths in hot water as it could attract the eyeballs of CCI (Competition Commission of India) that is responsible to maintain a level playing field for all players.
Thousands of pages of internal Amazon documents, which Reuters claims to have seen and analyzed include documents, strategy papers, along with business strategies, indicate that the company carried out a systematic campaign of creating knockoffs, and manipulating search results in order to prioritize its own lines of products in India – one of its largest growth markets.
The documents show the ways in which Amazon’s private-brands department in India concealed accessed internal data on Amazon.in to replicate products offered by other companies and later sold them on Amazon.in. They also encouraged the sales of Amazon private-brand products by manipulating Amazon’s search results to ensure that Amazon’s offerings were displayed in the first 2 or 3 results when shoppers were browsing on Amazon.in.
One of the victims of this strategy is the renowned shirt manufacturer from India, John Miller, owned by none other than Kishore Biyani, dubbed the nation’s “retail King.” Amazon decided to “follow the dimensions for” John Miller shirts down to neck circumference as well as sleeves’ length, Reuters claims while citing the leaked internal document of Amazon.
The rigging was not just limited to copying the measurements of popular products. Amazon employees analyzed proprietary information regarding other brands on Amazon.in and also detailed information about returns by customers as well. The goal was to find and target products – defined by Amazon.in as “reference” as well as “benchmark” products and to replicate them eventually. In the course of this effort the internal report of 2016 described Amazon’s strategy for an in-house brand, dubbed as Solimo, that the e-commerce behemoth initially developed specifically for the Indian market. The Solimo strategy, according to the report was as easy as “use the information on Amazon.in to create products and then sell the goods to the customers who are looking for the similar products on Amazon.in itself.“
It is believed that the Solimo initiative, focused on India market, has an international impact: Hundreds of Solimo-branded products for household and health are now available for purchase at Amazon’s U.S. website, Amazon.com.
The document from 2016 also reveal even more shocking information; Amazon employees working on Amazon’s own products, also known as private labels or private brands, didn’t shy away from approaching the actual manufacturers of the items targeted for replicating. They learned that these producers use “unique methods that affect the final high-end quality and performance” which is essential for creating higher demand and beat other brands listed on the platform.
The document, which is titled “India Private Brands Programme” explains the reason behind choosing the same manufacturers behind the products of other brands. Amazon opted the easy way and decided to feast upon the information readily available.
“It is difficult to build this knowledge across different products, and to ensure that we’re capable of achieving a perfect match in the quality of our product, we chose to partner only with manufacturers of our product of reference.” It referred to the manufacturing expertise “Tribal Know-how.”
Reuters claims are allegedly based on internal documents from Amazon that offer an unfiltered, authentic view of Amazon’s business practices they the company has repeatedly denied.
In February Amazon was accused of granting special treatment to some major seller on its Indian marketplace, as well as had used the sellers to get around rules designed to protect small-scale retailers in the country. It led to an action by India’s primary finance crime agency, which requested documents and details from Amazon. Furthermore, the country’s antitrust regulators submitted the report as an evidence in a lawsuit against Amazon in its probe into the company’s anti-competitive practices. The court ruled against Amazon’s attempt to stop the investigation.
In sworn testimony before the U.S. Congress in 2020, Amazon founder Jeff Bezos said that the company restricts its employees from using the information about individuals selling to aid in its private-label business. And in the year 2019 another Amazon executive was able to testify that the company doesn’t utilize the data to design its own private label products or alter the search results to favor the sellers. The Reuters report, however, paints a completely different picture alltoghther.
The documents seen by Reuters reveal for the first time at the very least, in India manipulating results for Amazon’s products and copying the goods of other sellers were an official, secret strategy employed by Amazon. Surprisngly, the top executives were also well aware of the plan. The documents reveal that two top executives, senior vice-presidents Diego Piacentini, who left the company after being on leave for 2 years, as well as Russell Grandinetti, who currently is the head of Amazon’s international consumer business, well aware about the India strategy.
“As Reuters hasn’t shared these documents or the source with us and we’re not able to verify the authenticity or accuracy of the claims in the manner they are stated. We believe that the claims made are unsubstantiated and based on fact,” Amazon said in response to the Reuters’s Special Report.
Amazon, however, did not go into detail. The statement also didn’t answer the questions raised by Reuters regarding the evidence found of the papers in which Amazon employees copied products from other companies to promote its own brand.
Amazon said that its method of displaying results does not favor private-brand products. “We show results for searches based on their relevance to the search query of the user regardless of whether products have private brands that are offered from sellers.” Amazon said.
Amazon added that it “strictly does not permit the sharing or use of seller-specific, non-public data to benefit any seller, even sellers who are private brands,” and that it is investigating allegations of employees who violate the policy.
Piacentini and Grandinetti haven’t responded to requests for clarification.
The unfiltered perspective that these documents provide into Amazon’s incessant use of its market dominace may increase the regulatory and legal challenges the company faces in a variety of countries.
Amazon is currently under investigation in the United States, Europe and India for alleged anti-competitive actions that have harmed other companies. In India there are allegations of discriminating against its brand of products. Amazon did not speak to the allegations.
Amazon’s brand names were crucial in India. Amazon began its first e-commerce venture in 2013 and quickly was able to record millions of dollars in losses, as one internal document indicates. To make the company “sustainable over the long term,” the 2016 Private Brands document states, Amazon embarked on a plan to introduce its own private brands including AmazonBasics and Amazon’s new brands specifically designed for India.
The document of 2016 set out that Amazon would offer its own products in 20 percent or 40% to 60% of product categories available on Amazon India in the next two years. Amazon will be able to achieve profitability in its private-brand business “only offering products that have a higher margin than similar reference brands.”
Amazon forecast that private-brand sales will be close to 600 million dollars by the year 2020 in India according to an internal business strategy document. “We will be among the top three brands in each category that we are a part of,” the document stated.
If it was successful in achieving that sales target isn’t certain; Amazon doesn’t disclose its private-brand sales in India. Amazon didn’t make any comments on its strategic goals or other details in the documents cited within this piece.
Fueled by the increasing demand from the IT service providers serving international clients, consultants, and Fintech startups the war for wages is underway for specialists in crypto-related technologies, including blockchain. And that’s why crypto and blockchain-related startups are aggressively chasing investors to strengthen their talent pool.
The need for professionals possessing crypto skills has been on the rise over the last 8-10 months in India. The number of open job vacancies this month reaching more than 12,000 – a 50% increase over the previous year according to a new report from a specialist staffing firm Xpheno.
The Crypto industry itself is barely 10 years old, and the number of experts working in the field is quite low. The scarcity of crypto talent can push the pay to as high as Rs 80 lakh per anum for those having experience of 8-10 years.
According to another study by Nasscom, along with cryptocurrency exchange WazirX, there are more than 50,000 people working in the field of crypto-tech in India.
“The way that the industry is expanding in India We anticipate an additional 30% of jobs to be created over the next few years,” Nasscom senior vice president Sangeeta Gupta said to a media house while discussing the future prospects of the industry and talent pool needed.
The majority of IT service firms that serve global clients, as well as consulting companies, and startups are already seeking crypto-savvy employees. The most sought-after skills they’re seeking include blockchain machines, machine learning, and security solutions. However, RippleX solutions, Front-end (including ReactJs, VueJS, and Typescript), backend (such as NodeJs, Python, and Golang) abilities as well as data analysis and UX/UI are also in demand.
It translates into a 30% – 60% gap in skilled workers in the most sought-after skills. Particularly in cybersecurity, cryptography, and data science, as well as AI/ML and AR/VR, the gap has increased up to 50%-70%, highlights the report from Xpheno.
With more jobs chasing a small niche pool of accessible crypto-tech talent, the number of offers per candidate is on the rise. “Candidates negotiating with 4-5 offers in hand have become a common occurrence for the top tech skills,” said Kamal Karanth, Cofounder of Xpeno.
The number of jobs currently being recorded in the crypto space comprises jobs that have been updated, published, and accepting applications in the past 30 days. The gap in demand and supply could be well understood from the fact that the total number of open positions includes those positions that are still active beyond the 30-day cut-off period and the number of such openings is more than two-and-a-half times the number of active jobs, depicts Xpheno report.
Despite what’s happening in the world today, it’s important to see positivity even in the simplest things. One way to do this is to focus on the advantages of staying indoors. Aside from the comfort of working from home, we also have the convenience of personalizing our workspaces. As we continue to adapt our activities to fit the new normal, we might as well make it count.
There are many ways to bring light to your routines. Many are taking on home remodeling projects to bring spice into their personal spaces. But, before you make your way to the office supply store to get new items, you’ll need to design your home office setup to guarantee a productive workplace.
Setting up an ideal home office can easily slip between your fingers. You might wind up with a functioning workplace, but it is unlikely to spark brilliant ideas and inspiration. By focusing on what really matters, you can redefine your home office to improve productivity while supporting your mental health. The best part is this strategy doesn’t have to be pricey.
As you take a step towards your ideal office nook, here are the important factors to consider:
Choosing Your Office Location
There are several stories about great entrepreneurs starting up their companies in the garage or the kitchen. But, these places are not always optimal. For one thing, if you dine at your kitchen table, you’ll have to continuously fix your office, which can take time and effort.
In that case, make sure to select a space that does not cause any obstruction from other activities. Additionally, it should also not be bothersome, especially to other family members.
Prepping the Area
After deciding where to set up your home office, you need to prepare to turn it into a workstation. This step requires you to identify your home office needs, such as lighting, workspace, outlets, and so on. Nothing is worse than working in a dark, gloomy room unless you prefer working under this condition.
If you want to avoid eye strain, setting your computer or monitor to the same brightness level as your work area is ideal. As much as possible, put your screens away from windows and lighting.
Setting Up Your Office
Now that your work area is ready, you can start to fill the area with all the tools and resources you’ll need for your work. Below are the basic items that should be on your list:
Computer or Laptop
Almost everyone in the world today needs a computer to support their work needs. Thus, it is the most important item you need in your office space. If you haven’t got one yet, there are many ways to do so. You can even build a PC online and customize it depending on your work requirements.
Being disorganized in your work environment might result in a scattered mind, leading to poor job performance. That’s why organizers and other desktop accessories are important. These can help maintain cleanliness and bring order into your workflow. If it is possible, you can throw in some bulletin boards and other wall-mounted organizational items. With these at hand, you can maximize your productivity.
Pedestal and Cabinets
Getting to files and documents should be a simple task. So, having a separate area for your work papers is important. This way, you can spend less time searching for it and more time focusing on something productive instead.
All work and no play can make your days less exciting. So, make your workspace more comfortable by bringing in some furniture to the room. You should prioritize the largest pieces first so that you can move them about as much as possible.
Keeping it Flexible
Once you’ve set up your home office, you’ll want to keep tabs on how effectively it’s performing. The only way to identify what adjustments are necessary is through hands-on experience.
Nothing is perfect. Even with the greatest home office design plans and ideas, you can find areas that need improvements. Sooner or later, the day will come when you need another upgrade in your home office. So, be sure to take note of any errors or erroneous assumptions that you want to prevent.
Changing for the Better
A fantastic home office setup is not resistant to changes, and you can discover that your enthusiasm for it fades with time. So, it’s only natural to have makeover projects in mind. A home office renovation can help you re-energize your work-from-home vibes. Regardless if it’s a small change or a total remodeling, transforming your workspace can bring sparks of inspiration into your routines.
Being recognized by the World Economic Forum as a Young Global Leader is not easy. And neither was it building the ‘new currency’ as admitted by Peter Thiel, the co-founder of PayPal. Managing funds right from $700 million as president of Clarium to $2 billion as a managing partner of FoundersFund, Peter’s adrenaline has always come from informal innovation-focused startups and mentoring them. He is also known for being the first outside investorin Facebook, Inc. Presently, he presently is an investor and co-founder of successful investment and hedge funds management firms like Clarium Capital Management, Valar Ventures, Mithril Capital Management, and FoundersFund. Peter sold PayPal to eBay for $1.5 billion in 2002.
On his 54th birthday, we bring a few interesting yet less known facts about Peter Thiel.
Name: Peter Andreas Thiel Date of Birth: 11th October 1967 Net Worth:$3.7 Billion (As of October 2021)
Bullish about Silicon Valley being the torch-bearer of American success for years to come, Peter cares less for the education than the impact to the society, the startup founders can bring about through their offering. Branded as a contrarian who likes bashing brands and companies, he does see monopolies like Google driving success more than incremental improvement in building technology companies like Microsoft.
Peter is also pretty biased in the companies he has invested (e.g. Space X, Lyft, Facebook) in and always shoots down the competition stating the reasons why they would not succeed. To most’s dismay, it sounds pretty true, considering the practices of the companies he corners. Even Twitter’s growth, he had commented, is nowhere close to its potential.
On the other hand, Peter Thiel is an evangelist of innovation in both science and technology (including, health sciences and engineering, which he calls “working with atoms”).
Classifying the Dot com bubble of the 1990’s to be the most hard-hitting burst among the many bubbles and bursts over the years worldwide, he sees four prime reasons causing this: 1. Lender’s showing complaisance; 2. Borrower’s being greedy and wanting to make the most of free money available; 3. Political scenarios that have failed to preëmpt and prevent these bursts and recessions; 4. The lack of path-breaking innovation and settling down for just minor incremental achievements in both science and technology.
These Less known facts about Peter Thiel will bring you to know this sharp worded visionary even better:
1. The first time he used Twitter was on the stage of TechCrunch Disrupt 2014 in San Francisco, USA.
2. In his book ‘Zero to One’ he communicates everything he learnt about Tech and Business and that he had taught at Stanford in 2012.
3. If Thiel was not an entrepreneur, he would probably be a teacher, he admitted. He loves to mentor and guide and thus his alternate profession choice.
4. Peter was contesting to be a clerk on the Supreme Court ranks after his degree in Law from Stanford. In retrospect, he was happy he was not among the two selected of the eight he was among interviewing for the post.
5. Though he favors people learning and teaching as a profession, he is pretty skeptical about what falls under education today, classifying it as an incredible abstraction, obscuring a lot of things that we do, and being very unclear on how valuable what is being taught is, in many cases. He has been known to encourage college kids to drop out and become entrepreneurs, even funding their “Zero to One” ideas and projects by creating the Thiel Fellowship, which will award 20 people under 20 years of age, $100,000, in order to inspire them to quit college and create their own ventures.
6. Peter sees extreme traits (he has quoted some other founders of Paypal had built bombs in their college) in founders being a big giveaway of their entrepreneurial instincts, however, clarifies that mere craziness is not a virtue, and a balance between being crazy and doing business is the key attribute to success. Competing, according to him, is not the way to succeed in entrepreneurship.
7. His view sounds pragmatic yet is controversial on founders quitting the companies they founded, quoting it as the loss of faith in their own product that leads to their disassociating with it.
8. Having a confident stance about technology and entrepreneurship, though against the norm, is certainly a trait much respected, as much it is condemned. And his viewpoints become even more prominent when it comes to the political scenario. Be it about his remarks in the Libertarian ‘Cato Unbound’ blog, where Peter states that he no longer believed that freedom and democracy are compatible or when he accounted vast increase in welfare beneficiaries liable to render the notion of “capitalist democracy” into an oxymoron.
9. The first biography of Peter Thiel titled “The Contrarian: Peter Thiel and Silicon Valley’s Pursuit of Power” by Max Chafkin was released on September 21, 2021.
11. Peter Thiel is the world’s #574 richest person, with a net worth of $4.9 billion, according to Forbes Billionaire 2021 list.
With all the zeal and enthusiasm, Peter Thiel is nothing less than an idol for many who like libertarian ideologies, and his philosophy of being profit-oriented surely should go well with investors too. The believer in long-term he is, we wish his experiments with anti-aging reap him huge dividends and keep his intention to inspire many more path-breaking innovators coming.
Happy Birthday, Peter Thiel! We wish you a lasting lifetime of fiery passion to pass on to the entrepreneurs of tomorrow.
The post is a part of a B’day Series where we celebrate the birthday of renowned personalities from Tech Industry, very frequently. The series includes Entrepreneurs, C-level Executives, innovators, or renewed leaders who moved the industry with their exponential skill set and vision. The intend is to highlight the person’s achievements and touch base the little-known, but interesting, part of his life. You can see the list of all earlier celebrated tech personalities, including Mark Zuckerberg, Marrisa Mayor, Sean Parker, Andy Rubin, Julian Assange, Sir Richard Branson, Sergey Brin by following this link or subscribe to your daily newsletter.
To make it more exciting, we suggest you make use of the comment section if you are among the ones celebrating their birthday with today’s featured personality.
Cold calling is an old-fashioned sales strategy that involves sales representatives reaching out to prospective customers who have not expressed any interest in the offered services or products. Essentially, sales reps have to call people they have never interacted with before, and no two calls are the same. Cold calls rely on a connection with a stranger who might not be willing to make a purchasing decision. Arguably, cold calling is one of the most overwhelming and challenging parts of a sales representative’s job.
But, it is 2021, where social selling and digital marketing is the order of the day. So, why will you invest resources in cold calling when you can reach out and connect with people via their social accounts and emails? Recent research by Rain Group says 82% of buyers readily agree to set up meetings after being cold called, and most importantly, cold calling is five to ten times more effective than email campaigns.
Whether it’s a high-growth start-up or a Fortune 500 company, every business depends on cold calling for boosting revenue. So, not only is cold calling still relevant in 2021, it is evolving. A lot of companies have even started hiring dedicated cold callers who eagerly dial numbers every day.
However, it cannot be denied that, over the years, there has been a significant shift in buying behavior, which requires you to make some changes to your cold calling strategies as well. To make the most of cold calling in 2021 and beyond, keep in mind the following tips and tricks.
Everyone is familiar with salespeople who call out of nowhere to announce a fantastic offer. But, unfortunately, that’s not what all customers want. Alternately, the customer might get interested in the offer but later learns they are not eligible. Such embarrassing situations can be avoided by conducting in-depth research on your potential customers before calling them and knowing all the essential information about your prospects to customize the offers.
Consider using cold calling scripts
Cold calling without a script can be nerve-wracking. First, you don’t know the person you are calling, and second, you don’t know what to say. So, it is better to use sales scripts for cold calling that you can use as a reference during the cold call.
When you’re using sales scripts, remember the idea isn’t to read verbatim. Use the scripts as a guide that will help you communicate the message. Also, it would help if you worked on your tone so that the potential customer doesn’t understand you’re reading from a script. It should sound as natural as possible.
Find a convenient calling schedule
You wouldn’t want to waste time and resources calling the same prospect over and over again. But that’s what will happen if you call them at the wrong times. If you reach potential customers with no particular schedule from 9 am to 5 pm each day, you are missing an opportunity.
It is essential to track when prospects are likely to answer the phone, and they will be more inclined to speak with you. By focusing your efforts during such times, you’ll make a more significant impact.
Don’t run from rejection; let it motivate you
Rejection is an integral part of all sales activity. Even the most experienced salesperson will be rejected now and then. So, prepare yourself mentally that you’ll not be closing 100% of your prospects, but don’t give up.
If someone rejects nicely, ask them why so that you can learn the reason why they’ve rejected your proposal.
The best sales reps are those who maintain a positive attitude and continue learning from their mistakes.
Focus all the questions on the prospect, not on yourself
During your initial contact with the potential customer, focus all your questions and attention on the prospect. There’s no need to talk about what you do or who you are. Remember that cold calling is about your prospects and encouraging them to try out the products or services offered by your company. You can ask open-ended questions to keep the conversation rolling and motivate them to open up so that you get more opportunities to close the deal.
Never start cold calls with a sales pitch
A lot of sales representatives are guilty of making this mistake. They start the call by presenting their offer immediately, without asking for an opinion of the person on the other end of the call. Then, if the customer is looking for something, the reps give straight into selling the product or service. Sometimes, they might get lucky, and their solution might be exactly what the customer was seeking. But, being a sales rep is not about being lucky.
So, remember to take your time to ask the prospect what they need and then offer tailored solutions catering to their needs. Then, after you’ve been speaking for a few minutes, you can ease into the sales pitch.
Automate your sales
If you’re still updating your cold caller database manually, you are wasting a lot of time. By automating your sales and other tedious tasks, you can utilize the time to make more cold calls. So, make sure to automate scheduling follow-ups, sending messages and updating the database with a good CRM tool so that you can concentrate on cold calling. Moreover, using tools will ensure that you constantly get reminded to follow up with a potential client and never forget to send an email or message.
Practice, practice and practice!
Like everything else in life, you need to practice cold calling so that you are perfect. If you are nervous and eating your words, the person on the other end of the phone will understand and probably reject your sales pitch. Therefore, you must be confident when you are cold calling. Yes, initially, cold calling may seem awkward, and you might be nervous, but you need to practice so that everything seems natural, from your tone to how you answer questions.
Cold calling doesn’t have to be a nightmare for your sales team if you keep in mind the tips and tricks mentioned above.
While many brick and mortar stores were left reeling in the immediate aftermath of the global lockdown measures brought on by the Covid-19 pandemic, the subsequent acceleration of digital transformation may yet lead to a fruitful future for stores on a global scale.
Much of this digital transformation is being leveraged by the development of advanced fintech companies that have the ability to revolutionize many aspects of company operations across the industry.
The sheer scale of transformation that’s set to take place over the next two decades is laid bare in the chart above. While 64% of consumer shopping budgets are still spent in-store, by 2040 we’re set to see 95% of purchases occur online. Such a drastic flip in spending habits will require stores to be suitably braced for significant change in the future.
As the chart above shows, drastic change is already underway, and retail eCommerce sales globally between 2016 and 2020 have more than doubled in total value – while the percentage of total retail sales occurring online has also climbed from 8.7% to 14.6% during the same time frame.
Although such figures may seem daunting for more traditionally oriented stores to keep up with, fintech is emerging at a scale that’s set to support digital growth for businesses looking to transition into more online environments. With this in mind, let’s take a deeper look into some of the ways in which fintech is evolving to deliver digital transformation solutions to help businesses and consumers alike:
Digital transformation across the retail landscape helps to make more goods available to more shoppers – even if they happen to reside in another country entirely. Fintech has already made waves in establishing a pathway in which eCommerce-based solutions are being developed to facilitate international sales – but future developments are likely to make borderless eCommerce largely frictionless in the coming months.
For instance, SWIFT GPI (Global Payments Initiative) has made it significantly easier for banks to manage and trace payments. Back in 2019, SWIFT announced a fresh GPI link for eCommerce which enabled the use of R3’s blockchain framework.
Although much focus is on supporting bank payments and activities, the development of fintech offers a fresh opportunity for large brands and individuals who reside near country borders. As fintech develops, we may find that companies can be less dependent on expanding its presence in certain countries in order to boost its reach there.
Fast and cost-effective payment solutions will make it far more straightforward for eCommerce firms to work with a range of payment providers for both their interactions with customers and their supply chain partners.
Platforms like Connectum are already looking to leverage far more efficient cross-border payments as part of its fintech solutions. The company has pioneered borderless, multi-currency processing as part of its platform – while for eCommerce stores, it’s also possible to leverage eInvoicing and one-click payments, all whilst ensuring the safety of consumers with an artificial intelligence anti-fraud system built into the service.
Over time, emerging fintechs will simplify cross-border payment management – making it easier for eCommerce stores to broaden their boundaries on an international scale.
Building on Actionable Data
Digital transformation across the eCommerce sector is also generating plenty of actionable data. Back in 2010, there were around 2 zetabytes of data created, but by 2025, this number is expected to reach 163. These masses of data can be excellent for analytical purposes, benchmarking, consumer behavior tracking or more comprehensive advertising.
Fintech is helping small businesses with the data and analytics they require to stay competitive in a digital landscape. For instance, cloud accountancy platforms can help to connect into bank account and credit card transactions to effectively track expenses and cash flow. This helps to generate a far more clear picture of financial performance to better deliver business strategies. The data can also aid small businesses in tracking their KPIs to benchmark their performance against their industry rivals.
“The implication and impact of SMB-focused fintechs is potentially huge,” explained Kate Patrick Macri, business reporter for BankingDive. ”Besides simplifying basic accounting tasks, these fintechs equip SMBs with the opportunity to grow on a global scale while ensuring efficiency and ease of access. If accounting and bookkeeping tasks are automated, SMBs can spend more time innovating and growing their business.”
Delivering Better Value Through Healthy Competition
As more emerging fintech firms enter the market and compete with their industry counterparts, we’re likely to see far greater levels of incentivization taking place. Various firms venturing into the business of payment platforms and facilitating digital transformation initiatives are likely to create more attractive deals for customers by the way of discounts and brand collaborations.
From offering cashback to flat discounts on purchases and even free movie tickets – digital payment platforms are continually looking to win over their market share by luring customers in with special offers and freebies. This has aided the growth of online shoppers and helped to boost sales further within the world of eCommerce.
With this in mind, there’s clearly plenty more to come from the relationship between fintech and eCommerce. As digital transformation continues to grow for retailers around the world, the development of financial technology is set to play a central role in sending custom online – to the benefit of the businesses and customers it serves.
A chance to meet the most talented artists, listen to some amazing music, and have some delicious food? Sign us up! A music festival is the perfect way to bring artists and fans together and celebrate all things music.
To organize the music festival of the decade, however, you do need to get the word out and make sure people actually come. And you obviously want notable individuals in the music industry to drop by as well.
All big music festivals, from Coachella and Moonrise to Lollapalooza, have one thing in common – the amazing promotion. When it comes to creating hype for the event, these festivals knew they had to go all out. After all, the attendees are the main ingredient in the recipe for a successful music fest.
This is why we’ve prepared a guide for you to help you promote your upcoming music festival. Want the eyes of fans and industry leaders at your festival? Read on to find out what you have to do to make it happen.
1. Run a social media giveaway contest
More than 4.5 billion people all across the world use the internet regularly. Out of this, 3.8 billion are active social media users. This means that when it comes to promotion, social media is your best bet. You’re bound to find your target audience here.
People love free things and are often willing to participate in most online contests if there’s a possibility to win something. Leverage this by running an online giveaway contest for your festival tickets.
It’s unlikely that you’ll be able to grab people’s attention by simply inviting them to a festival you’re organizing. Especially if it’s your first time doing it. This is why you need to create an incentive.
Start by announcing the contest on your social media pages. Ask people to share the post and tag at least five friends. In return, they’ll be eligible to win two free tickets to the festival. This way, you’ll get in with your followers’ followers. Pretty soon, you’ll have curious eyes on your
page, and from here, you can direct them to your website or to a link for more information about the event.
Start the giveaway well before the festival. And do it four or five times to gain as much traction as possible. In 2019, Moonrise Festival did a whole bunch of contests online to sell their tickets, and it worked brilliantly.
2. Put up posters everywhere
Research shows that print advertising is still a lot more effective than online advertising. And there may be a good reason for this. Posters, flyers, and brochures allow you to connect with potential customers in your area. Because these people are close to where you are, they’ll be more likely to actually visit your place of business.
Festival advertising is no different. You want to market the most to people who live a short drive away from the venue. So put up posters in your entire neighborhood. In your poster, guide people towards your ticket sales site, website, and social media. Don’t overwhelm the poster with too much information – just the name of the festival, dates, artists playing, and ticket and contact details should be enough.
Here are some places you can put up your poster:
Pub Restaurants and coffee shop
Community bulletin boards
Public places like parks, subway stations, and parking lots
Make sure to ask for permission from relevant local authorities before putting up your poster. If you don’t have a huge marketing budget, it will be more feasible for you to make your posters using online tools like PosterMyWall. Here you’ll find hundreds of music festival poster templates, which you can customize within minutes.
You can also repurpose the poster designs and make flyers out of them. Hand out flyers in parks and grocery stores during rush hours, or go door to door.
Partner up with influencers and celebrities
Part of the festival experience is being able to be in the same space as so many influencers and enjoying the same music as them. If you can get a group of famous influencers and celebrities to help you with your online promotion, you’ll immediately see a bump in ticket sales.
The influencer market is currently worth $9.7 billion, and that’s because it’s extremely effective. Reach out to local influencers via email or direct messages on social media. Give them an elevator pitch about your festival, and ask for their help in promotion. In return, offer them free tickets and free alcohol.
To smoothen this process, make an excel sheet with the names of all local influencers and their contact details. Then reach out to them individually, and record their response.
Big festivals like Coachella bring celebrities on board all the time to help them with their marketing.
Also, use this strategy to reach out to potential sponsors and stakeholders. In the same excel sheet, add names and contact details of record labels, big corporations, and big names in the business who might be interested in a partnership. Their expertise might just help you take your festival to the next level.
4. Sell tickets at local venues
The best way to get your name out there is to be at places that your target audience is at the most. For instance, let’s assume your target audience for your festival is between 18 and 30 years old. Now, let’s assume you’ve learned that most people of these ages hang out at a particular coffee shop in your town all the time.
What do you do? You place a stack of tickets at this coffee shop, along with a small poster or brochure with more details about the festival. Talk to the coffee shop owner and the barista beforehand, and ask them to offer the tickets to everyone who places an order. In return, offer the coffee shop a booth or kiosk at your festival.
You can also start an official partnership with the coffee shop – for example, if someone orders a strawberry scone from the shop, they’ll automatically get 10% off on a ticket.
So do your research and find out who your target audience is and where they can be found the most. Pick a few popular spots, and get to work.
You can also sell your tickets online through sites like Eventbrite. Simply place a QR code on your poster at the coffee shop, and ask people to get their e-tickets in minutes online by scanning it.
5. Always sell an experience
When it comes to luxury goods and services, it’s always about the experience more than it is about the product. People don’t just want the tickets or the food or the music. They want a day to remember, or more specifically, a day they can post about on social media.
So regardless of what type of promotion you do, make sure that the experience of the festival is the focus. Do a small shoot in which excited festival attendees are having the time of their life dancing, singing, drinking, eating, and taking pictures. If you’ve done the festival before, share pictures and videos of it on your social media. If nothing else, the fear of missing out alone will rack up ticket sales. But the goal is to make the festival look like it’s worth not missing out on.
Recent studies have shown that customers base their loyalty on the experience they receive, not on the price or product. So if you’re able to sell the experience, the tickets will sell themselves. A good and luxurious experience will also grab the attention of bigwigs in the music business, who might be looking for a partnership.
To accurately sell an experience, you need to do target audience research. A lot of it. Find out what they like. Do young people like neon, bright lights, or props? Make them a part of the experience. Is there a particular food that’s really popular with your audience? Make it a part of the experience as well.
Here are more ways you can sell your festival experience:
More photoshoots at your venue – have influencers go to your venue and take pictures, or take your own.
Post small clips of the artists who will be performing at your festival
Do a video shoot of festival attendees enjoying the food
Show behind-the-scenes footage of organizers getting ready for the festival and hyping it up
All big festivals secure their attendees by selling the experience. That’s literally how the Fyre Festival sold all those tickets, even though the festival itself was a disaster.Final thoughtsTo effectively promote your festival, you have to do your research. Research the market, your audience, and everything in between. Then implement these strategies to increase attendance at your event. A good mix of online and offline strategies is exactly how you can make your festival a raging success.
However, the latest statement from Tim Cook, CEO – Apple Inc. (NASDAQ:AAPL), has left many surprised.
In an interview with Bustle, a popular journal focused on Health and Wellness, Tim Cook expressed his concern about the endless, mindless scrolling that most mobile device users are engaged with nowadays. The increasing use of technology by social media companies that inspires such activity to a great degree remained at the target for Tim Cook.
The interview included a lot of discussion about Apple’s backing of Shine – the app created to tackle social stigmas associated with mental health issues.
It is “another impressive illustration of how technology can be used to enhance the lives of people,” according to Cook.
In the conversation, Cook declared the “mental well-being is an ongoing problem” in addition to stating that he tries to manage the pressures of daily life as Apple’s CEO through meditation and “being out in the nature and feeling so small on the planet.“
Speaking about the internet and technology dependency, Cook repeated a claim that he made before when he declared that “technology is meant to serve humanity and not vice versa”, and he is concerned about people who use technology too much. Cook emphasized the statement that Apple’s mission is to help those who need help.
The views of Tim Cook also hint at what type of users Apple wants to target for its devices and what activities Apple wants its users to engage with most of the time on these devices. It’s quite clear that Tim expects a lot more – rather much different – from all those users who buy Apple iPhone or iPad only for communication purposes or spend a lot of time on social media using Apple devices.
Aza Raskin, the inventor of the infinity scroll system in social networks, said in 2019 that he was “so sad” for his creation and regretted the damage it has caused to the world. The reason he came up with the concept was to create the “most smooth experience for users“; however, it’s become an attempt to “keep them on the web to the maximum extent is possible.”
In a nutshell, if you are one of the ones who buy Apple devices tagged at the exorbitant price only to flaunt or use social media, the message to you from none other than the CEO of Apple is clear. The question is, are you able to read that hidden between the line?
Forbes has published the list of India’s richest people titled “The 100 Richest Indians 2021”. Surprisingly, the cumulative wealth of India’s top 100 wealthiest people surged a whopping 50% YoY, to $775 billion in 2021. This represents a massive $257 billion gain in their combined wealth.
It’s worth noting that more than 80% of individuals on the list saw their fortunes grow, with 61 billionaires adding $1 billion or more to their wealth.
Mukesh Ambani is the richest Indian for the 14th year in a row, with a net worth of $92.7 billion in 2021.
Let’s take a look into the list of India’s billionaires 2021, whose lives can serve as inspiration to many.
India Richest People 2021 by Net Worth
The cumulative wealth of India’s 10 richest people increased a strong 58.8% YoY in 2021, to $332.4 billion.
Mukesh Ambani, the chairman of Reliance Industries, saw a $4 billion gain in his fortunes in 2021. However, this is the least gain in the wealth among top 10 richest people in India.
Gautam Adani, the Chairman of Adani Group, is the second richest person in India, and also emerged as the top gainer on the list. His net worth increased a whopping 196.8% YoY in 2021, to $74.8 billion. That representing a massive $49.5 billion increase in his wealth.
Shiv Nadar, the founder and chairman emeritus of HCL Technologies Limited, is the India’s 3rd billionaire with a net worth of $31 billion. This is followed by Radhakishan Damani, the founder of DMart, whose fortune increased a whopping 90.9% YoY in 2021, to a $29.4 billion.
Cyrus Poonawalla, the founder of Serum Institute of India, climbed one spot to the top five. His net worth is $19 billion, up 65.2% YoY.
Newcomers on Forbes Richest Indian 2021 list
There are six newcomers on Forbes India Rich List 2021.
With $3.6 billion net worth, Inder Jaisinghani, Chairman and Managing Director – Polycab India, ranked 57 on Forbes India Richest People 2021 list.
Having an estimated net worth of $2.55 billion Arvind Lal, Executive Chairman – Dr. Lal PathLabs, also made his debut on the list. He ranked 87th after his company’s stock doubled in the past year due to a pandemic-induced rise in testing. This is followed by Bajranglal Taparia of Supreme Industries, whose net worth soared to $1.95 billion.
The other three are from the Chemical sector, include Ashok Boob (rank 93; $2.3 billion) of Clean Science and Technology; Deepak Mehta (rank 97, $2.05 billion) of Deepak Nitrite, and Yogesh Kothari (rank 100, $1.94 billion) of Alkyl Amines Chemicals.
India’s Youngest Billionaires 2021
Byju’s co-founder Divya Gokulnath (rank 47, $4.05 billion) and Zerodha co-founder Nikhil Kamath (rank 86, $2.59 billion), both 35, are India’s youngest billionaires as of 2021. While the oldest billionaires on Forbes India Richest People 2021 list are Pallonji Mistry of Shapoorji Pallonji Group (rank 9, $16.4 billion) and Devendra Jain of Gujarat Fluorochemicals (rank 70, $3 billion), both of them are 92.
Before we jump into the awesome tool that we think you must pay attention to, it’s important to understand the difference between PSD and HTML first.
Photoshop files usually have an extension .PSD, which is typical for Photoshop Document. The PSD file contains such image options available in Photoshop as layers with masks, transparency, text, alpha channels and spot colors, clipping contours and duplex settings.
The main reason for converting PSD to HTML is the correct display of the image on the screens of laptops, tablets and mobile phones of the target audience or potential clients.
But in the PSD format, it is easier for the layout designer to put the technical task. Photoshop displays all the necessary elements: the size and name of fonts, layers with various elements. Layout designers read such a layout and create a website based on it.
At some point, you may need to convert PSD to HTML. Since you are reading this article, you know it.
After going through a lot of services for converting Photoshop designs into a website, we spent a lot of time on constant corrections and improvements. This is the case when the expectation fascinates, and the reality is the opposite.
PSD To HTML: Few Clicks Away
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You haven’t seen such a website development yet but https://reliablepsd.com. Every website developer behind the tool is simply obsessed with his work, as a result of which you get the purest code at the output.
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Features of converting PSD to HTML:
1. Exactly or an inch from the original.
2. Website conversion will undergo various levels of testing and conversion: excellent CSS organization and HTML highlighting from the outside and from the inside.
3. The website converted from PSD to HTML is undergoing stress testing on all devices.
4. A smart programmer, an attentive tester and an extraordinary designer are backing the project.
You will have a choice when converting a site from PSD to HTML5 / CSS3:
1) Any project for PCs, tablets or mobile devices can be attended by the platform.
2) You create a design for your desktop, and their UX specialists in conjunction with their developers claim to be are working on scaling your site to smaller screens.
They conduct the final project through three levels of quality assurance:
1. Compliance with the original design is checked by their designer.
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Working with them, a smile of pleasure from receiving a high-quality product and the highest service will not leave your face. Your good mood tells them that they are doing everything right. Their love for customers makes them noticeable among other companies that are engaged in the conversion of PSD to HTML. All they to claims to strive for is satisfied customers who will never forget the rendered service and will be completely satisfied with their work.
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The much-awaited Indian festive season has finally kicked off on Sunday, October 3, 2021. India’s two biggest e-commerce giants Flipkart and Amazon have begun their respective flagship sales, Big Billion Days and Great Indian Festival. Customers of Flipkart Plus and Amazon Prime were given early access to both platforms.
The 8th edition of Flipkart’s The Big Billion Days (TBBD) sale will run for eight days, ending on October 10, whereas Amazon India’s Great Indian Festival (GIF) will run for a month.
Interestingly, on the very first day, both companies reported a strong start to this year’s festive sales, with high demand coming from tier-II and tier-III cities. The high demand could be attributed to the fact that people tend to spend more time on these shopping platforms on Sundays.
Walmart-owned Flipkart on Sunday said that the early access for its customer loyalty programme Flipkart Plus saw a 40% YoY growth this year. In addition, approximately 45% of customer demand from tier-III and higher cities indicates a strong preference for high-value goods/items. The excitement for Flipkart’s Big Billion Day sale among Indians was so high that more than 2 million customers pre-booked close to 5 million products just prior to Early Access by paying just Re.1
In contrast, Amazon India Vice-President Manish Tiwary said the platform saw a 60% YoY increase in sellers who received their highest-ever single-day sales on Amazon.in. Besides that, the number of sellers receiving orders from tier II/III cities increased by 21%, while 16% more sellers received orders than the previous year.
Exciting Offfers On Amazon, Flipkart Sale 2021
Amazon India is offering up to 40% off on all mobiles and accessories. In addition, the eCommerce behemoth is also offering no-cost EMI, exchange offers, coupons, 10% instant discount up to Rs 12,750 on HDFC bank credit/debit cards subject to terms and conditions.
On the other hand, Flipkart is giving some exciting discounts and coupons on all electronics, Fashion, and other products. Customers can use Flipkart Pay Later, no-cost EMI, the Flipkart Axis Bank co-branded credit card, and others to get easy credit for high-value purchases.
According to a press release by Flipkart, one in five customers has chosen to exchange their smartphone for a new one, with 82.6% of customers opting for prepaid payment options to pay for their new smartphone.
Surprisingly, despite being dubbed as the most expensive smartphones in the world, Apple iPhone 12 and iPhone 12 Mini emerged as the favorite smartphone models, accounting for the majority of the two-lakh iPhone 12 devices sold so far.
Flipkart has slashed the price of the iPhone 12 to the point where it is now selling at one of its lowest prices ever even without any discounts. Currently, the 128 GB variant of the iPhone 12 is currently priced at Rs 56,999, while the 64 GB variant is priced at Rs 50,999.
The rapid increase in demand for large appliances and electronics among Indians is quite evident from the fact that TVs are the largest-selling in the home appliances category, while laptops are the leading in the electronics category. The sales of sports shoes, outdoor wear, and men’s clothing have also dramatically increased in the fashion category.
Amazon, Flipkart To Generate Record Sales
Just like every year, Amazon India and Flipkart are expected to see a large chunk of their annual revenue come from these festive sales.
Theonline retailers in India are expected to generate $9.2 billion in sales during the 2021 festive season, representing an impressive 42% YoY growth. Surprisingly, 70% of this festive month’s total online sales would take place within a week (October 3 to 10).
According to a senior industry analyst, the Flipkart Group, including its fashion portal Myntra, is expected to generate gross sales of $4-$4.5 billion during the festive season, while Amazon India is expected to generate around $4 billion.
Stay tuned for more updates on Flipkart, Amazon festive season sale 2021.