With demand for handsets, POCO India eyes 75-80% business growth in 2023

Smartphone player POCO India expects a 75-80 per cent year-on-year jump in business in 2023, mainly due to demand for its handsets in the medium and economy segment, a top company official said on Monday.

POCO India Country Head Himanshu Tandon told PTI that as per market research firm Canalys, the overall smartphone market in India has declined 10 to 15 per cent and online sales dropped 20 per cent, but Xiaomi’s sub-brand has emerged as the fastest growing online label, with a 68 per cent jump in sales for the March 2023 quarter.