itel beats Samsung, turns fastest growing smartphone brand in Bangladesh
Dhaka, May 9: itel became the fastest growing smartphone brand in Bangladesh with a growth of 564 per cent year-on-year (YoY) in the first quarter of 2018, capturing 10 per cent market share.
It left behind South Korean electronics major Samsung that saw 46 per cent decline in shipments, a new report said on Wednesday.
According to market research firm Counterpoint Research, Chinese brands continued to grow in Bangladesh and now capture 38 per cent of the smartphone segment growing 25 per cent YoY while the overall market declined.
"Bangladesh's smartphone market declined 18 per cent YoY as consumers decided to postpone their device purchases in anticipation of value for money 4G smartphone offerings in the coming quarters," Tarun Pathak, Associate Director at Counterpoint Research, said in a statement.
"4G network rollout started during first quarter of 2018 by leading telcos such as Grameenphone, Robi Axiata and Banglalink. As network coverage expands over a period of time, the demand of 4G smartphones will pick-up in the coming quarters," he added.
According to Counterpoint's estimates, the overall smartphone market in Bangladesh would grow 16 per cent YoY in calendar year 2018.
Although Chinese brands grew in the country with affordable offering in the sub-$100 segment, Bangladeshi brand Symphony continued to lead the market with its value-for-money offerings.
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Man sets fire to gas cylinder on truck in Kerala's Kottayam, held
Kottayam(Kerala) (PTI): A 33-year-old man climbed onto a parked truck carrying cooking gas cylinders and set fire to one of them near Thalayolaparambu in the small hours of Saturday, police said.
The incident occurred around 12.30 am, they said.
The fire and rescue personnel soon arrived at the scene and extinguished the fire, averting a major disaster.
According to police, the man is suspected to be under mental distress as he claimed that he was walking from Ernakulam to his home in Marangattupilly here when he saw the truck on the roadside.
An FIR under sections 329(3)(criminal trespass),324(2)(mischief),326(f)(mischief by injury, inundation, fire or explosive substance) of the Bharatiya Nyaya Sanhita was lodged against him.
Police said that the man was formally arrested, but will be released on station bail as the offences he is accused of are bailable.
"His family is here at the station and he will be released to them," the officer said.
In the FIR, police have said that the man opened the seal of one of the gas cylinders and set fire to it with the knowledge that his act was dangerous to those living in the area.
According to the company transporting the cooking gas cylinders, it suffered a loss of Rs 2,300 in the incident.
