US Current Affairs

India overtakes US to become 2nd largest smartphone market behind China

According to research firm Canalys, India has overtaken US to become second largest smartphone market in the July-September 2018 quarter. India saw shipment of 40.4 million units during third quarter and was second to China where 100.6 million smartphones were shipped. Smartphone shipment in US was at 40 million units.

Key Highlights

Worldwide smartphone shipments fell by 7.2% year-on-year to 348.9 million units during July-September 2018, a fourth consecutive quarter of decline. This was also worst third quarter performance since 2015. Seven of the top ten markets recorded year-on-year (y-o-y) declines, mainly caused by lengthening smartphone replacement cycles, worsening international trading conditions and competition from major Chinese vendors.

The three markets (among top 10) that registered growth were Indonesia (13.2% increase y-o-y to 8.9 million units), Russia (11.5% jump y-o-y to 8.8 million units) and Germany (2.4% rise y-o-y to 5.5 million units). China’s smartphone shipment declined 15.2% y-o-y, India by 1.1% and US by 0.4% in September 2018 quarter.

Samsung led vendor tally with 20.4% share in said quarter, followed by Huawei (14.9%), Apple (13.4%), Xiaomi (9.6%), and Oppo (8.9%). The worldwide smartphone market faces unprecedented challenge, while its dynamics are changing rapidly at both vendor and country level. This is providing growth opportunities for aggressive vendors with speed to respond quickly to market changes.

Month: Categories: Business & Economy Current Affairs 2018

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United Nations Postal System issues special postal stamps to mark Diwali celebration

United Nations Postal Administration (UNPA) has issued special stamps with Diyas lamps (special event sheet) to commemorate India Hindu festival of Diwali. These stamps are available at UN headquarters post office in New York, US and also online.

Key Facts

The special event sheet (stamps) issued by UNPA are in denomination of US $1.15. It contains ten stamps and tabs featuring festive lights and symbolic lamps known as diyas. The background of sheet features United Nations Headquarters building illuminated with message of “Happy Diwali” to celebrate the spirit of the festival.

The description accompanying information about stamps mentioned that Diwali, also known as Deepawali is joyous and popular festival of lights, which is celebrated in India and by followers of many faiths across the world. It also said that during celebration clay lamps known as diyas are lit to signify the victory of good over evil. The festival also symbolises start of new year for many communities.

Note: United States Postal Service (USPS) in October 2016 had launched commemorative stamp in honour of festival of Diwali. It was issued after seven-years-long efforts and advocacy by Indian-American community and several Congressional resolutions by influential American lawmakers such as Congresswoman Carolyn Maloney.

United Nations Postal Administration (UNPA)

It is postal agency of United Nations. It issues postage stamps and postal stationery, denominated in United States dollars for United Nations offices in New York, in Swiss francs for offices in Geneva and in euros  for the offices in Vienna. Postage rates charged are identical to those of the host nation.

Month: Categories: Art & Culture Current Affairs 2018

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