Samsung bets on India to drive business growth in H2

Samsung expects the India market to be critical for the recovery in demand and business in the second half of the year, after a sharp decline in operating profits in the June quarter dragged by tepid sales across the world, the Korean handset major’s global head of mobile business said.

“The India market is the fastest growing. It will also be very critical for our recovery and also success in the second half,” TM Roh, Samsung Electronics president and head of MX (Mobile Experiences) business, told reporters on the sidelines of the launch of Samsung’s latest foldable smartphones.