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<ul class="summary-list"><li>Insider's <keyword id="14222455" type="UNKNOWN" weightage="60" keywordseo="banker-of-the-week" source="Orion">Banker of the Week</keyword> series appears in our weekday <keyword id="11895316" type="UNKNOWN" weightage="100" keywordseo="finance" source="Orion">finance</keyword> newsletter, <a href="https://www.businessinsider.com/subscription/newsletter/10-things-on-wall-street">10 Things on Wall Street.</a></li><li>This week we're featuring Naveen Nataraj, senior managing director, Evercore.</li></ul>Naveen Nataraj is no stranger to success on Wall Street, having been one of <a href="https://www.businessinsider.com/top-mergers-acquisitions-bankers-2021-goldman-jpmorgan-liontree-aryeh-bourkoff-2022-1">Insider's leading rainmakers</a> this year.He cobbled together at least nine big-ticket transactions in 2021 that amassed almost $60 billion in enterprise value. This included advising Athenahealth on its $17 billion sale to Bain Capital and Hellman &amp; Friedman in November, and he also worked with Nuance on a nearly $20 billion sale to Microsoft in April last year. Nataraj also quarterbacked cybersecurity firm NortonLifeLock's roughly $8.5 billion merger with digital-security firm Avast last August.This year, he helped Vocera Communications in its $3 billion sale to Stryker in January, and in March, Nataraj advised healthcare firm Intelligent Medical Objects in its sale to investor Thomas H. Lee Partners for about $1.6 billion.Nataraj remains universally regarded not just as a heavy rainmaker, but he's known for his ability to navigate clients — especially tech-adjacent companies — throughout times of duress, according to people familiar with the banker.What's telling here is that Nataraj, according to peers, is a key cog in Evercore's ability to play in the same sandbox as Wall Street's most cashed-up banks like Goldman Sachs and JPMorgan.Evercore, a boutique shop lacking the balance sheet prowess of its bulge-bracket competitors, has finished 7th, 5th, and 4th in Dealogic's M&amp;A league tables for the last three years.And Nataraj's client relationships — nurtured over a 20-year career at the bank — and his ability to cover a "wide breadth" of sectors are a major factor in Evercore's success, said one person familiar with Nataraj.The Banker of the Week series is featured in Insider's <keyword id="14128442" type="UNKNOWN" weightage="60" keywordseo="10-things-on-wall-street" source="Orion">10 Things on Wall Street</keyword> — <a href="https://www.businessinsider.com/subscription/newsletter/10-things-on-wall-street">sign up here to get the newsletter each weekday morning.</a>

Meet the investment banker helping Evercore compete with the likes of Goldman Sachs and JPMorgan

<keyword id="4833237" type="General" weightage="100" keywordseo="paris-olympics" source="Orion">Paris Olympics</keyword> came to an end with both <keyword id="22186293" type="General" weightage="20" keywordseo="Srihari-Nataraj" source="keywords">Srihari Nataraj</keyword> and <keyword id="20766041" type="General" weightage="20" keywordseo="Dhinidhi-Desinghu" source="keywords">Dhinidhi Desinghu</keyword> failing to progress to the semifinals of their respective events here on Sunday. <keyword id="20387426" type="General" weightage="20" keywordseo="nataraj" source="keywords">Nataraj</keyword> finished joint-second in the slower heat with a timing of 55.01s but the 23-year-old was 33rd in the overall standing for the 100m men's <keyword id="22578477" type="General" weightage="20" keywordseo="backstroke" source="keywords">backstroke</keyword> event. The 16 fastest swimmers from the heats qualify to the semifinals. The performance was far from Nataraj's personal best of 53.77s and was considerably slower than his season best time of 54.68s. Making her Olympic debut, 14-year-old <keyword id="22282544" type="General" weightage="20" keywordseo="dhinidhi" source="keywords">Dhinidhi</keyword>, the youngest member of the Indian contingent, did well to top her 200m women's <keyword id="20430917" type="General" weightage="20" keywordseo="freestyle" source="keywords">freestyle</keyword> heat. <keyword id="20010837" type="General" weightage="20" keywordseo="swimming" source="keywords">Swimming</keyword> in heat 1, which is the slowest heat, Dhinidhi touched the pads at 2:06.96. But the Indian finished 23rd out of 30 participants, which included three-time Olympic champion Australia's <keyword id="22578476" type="General" weightage="20" keywordseo="Ariarne-Titmus" source="keywords">Ariarne Titmus</keyword>.

Srihari, Dhinidhi fail to reach semis; Indian swimming campaign ends

The Centre assured the <keyword id="6354977" type="General" weightage="20" keywordseo="Supreme-Court" source="Orion">Supreme Court</keyword> on Monday that the counselling process of NEET-PG will not commence till the top court decides the challenge to 27 per cent reservation for <keyword id="45661" type="General" weightage="20" keywordseo="OBC" source="Orion">OBC</keyword> and 10 per cent for <keyword id="11939755" type="General" weightage="100" keywordseo="ews" source="Orion">EWS</keyword> category in PG All India Quota seats (MBBS/BDS and MD/MS/MDS) from the current academic session. A bench of Justices D Y Chandrachud and B V Nagarathna recorded the assurance given by Additional Solicitor General (ASG) K M Nataraj, appearing for the Centre, and observed that students will be in serious problem if the counselling process goes ahead as scheduled. The assurance by Nataraj was given after senior advocate Arvind Dattar, appearing for some NEET candidates, mentioned that as per the schedule announced by the Director General of Health Services, the counselling process for the NEET-PG is to commence from October 25. He said that by the time the court decides the pending batch of petitions, challenging the July 29 notification, introducing the reservation from academic year, the entire process of admission will be over and serious prejudice would be caused to the students. Nataraj said the communication which counsel for petitioner is referring to was sent only to the medical colleges for verification of seats and one more clarificatory notification has been issued on Monday. The counselling process will not begin till the court decides the pending batch of petitions, the ASG submitted. The bench said that it is taking the word on record. We will take your word on record that counselling process will not start till we decide the batch of petitions one way or the other. You know, students will be in serious problem, if the process continues, the bench said. Nataraj agreed with the observation of the court and said that if there is any problem at all in the future, the petitioner's counsel can contact him directly. On October 21, the top court had asked the Centre whether it would like to revisit the limit of rupees eight lakh annual income, fixed for determining the Economically Weaker Sections (EWS) category for reservation in NEET admissions for medical courses. The top court had clarified that it is not embarking into the policy domain but is only trying to ascertain whether constitutional principles have adhered or not. It had asked the Ministry of Social Justice and Empowerment and the Department of Personnel and Training (DOPT) to file their affidavits in a week's time and had formulated questions to be answered by the Centre. The top court had said, Tell us if you want to revisit the criteria or not. If you want us to discharge our duties, then we are ready to do so. We are formulating questions which you need to answer them . It had added, We may stay the government notification fixing rupees eight lakh criteria for determining the EWS and you can keep filing the affidavits . The top court was hearing a batch of pleas challenging the Centre and Medical Counselling Committee (MCC) July 29 notice providing 27 per cent reservation for Other Backward Class (OBC) and 10 per cent for EWS category in the National Eligibility cum Entrance Test (NEET) admissions for medical courses. It had asked searching questions from Centre, and asked whether any exercise was undertaken before fixing a limit of Rs 8 lakh annual income for determining the EWS category. It had said the court is not going to tell the government as to what should be the limit whether it should be rupees four lakh or rupees six lakh because it is for the executive to decide but all it wants to know is on what basis Rs. 8 lakh criteria was fixed. For determining creamy layer in Other Backward Classes (OBC) category the limit was fixed as Rs 8 lakh annual income and they were considered progressed class among OBCs and they were excluded from reservation benefits. Here, for the EWS category, the limit is the same Rs 8 lakh annual income but it was for inclusion in the reservation benefits, the top court had said. On October 7, the top court had posed searching questions to the Centre on its decision to fix a limit of rupees eight lakh annual income for determining the EWS category for reservation in NEET admissions. The Centre had then said fixing a limit of Rs eight lakh annual income for the EWS category is a matter of policy based on the National Cost of Living Index. On September 17, the top court has agreed to hear a batch of pleas of students against the July 29 notice providing 27 per cent reservation for OBC and 10 per cent for EWS category in 15 per cent UG and 50 per cent PG All India Quota seats (MBBS/BDS and MD/MS/MDS) with effect from the current academic session 2021-22. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/elon-musk-brings-shiba-inu-back-to-earth-dogecoin-is-the-only-meme-token-hes-betting-on/articleshow/87252833.cms">Elon Musk brings Shiba Inu back to Earth — Dogecoin is the only meme token he’s betting on</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/ibps-invites-applications-for-probationary-officers/management-trainees-in-bank-of-baroda-indian-bank-pnb-and-many-others-for-2022-23/articleshow/87249654.cms">IBPS invites applications for probationary officers/management trainees in Bank of Baroda, Indian Bank, PNB and many others for 2022-23</a>

NEET-PG counselling not to commence till Supreme Court decides on OBC, EWS quota, says Centre

Hi, Aaron Weinman here. Welcome to <keyword id="14128442" type="UNKNOWN" weightage="60" keywordseo="10-things-on-wall-street" source="Orion">10 Things on Wall Street</keyword> — s<a href="https://www.businessinsider.com/subscription/newsletter/10-things-on-wall-street">ign up here to get the newsletter in your inbox</a>. Before we get into today's matters, just a note that there will be no <keyword id="11894123" type="UNKNOWN" weightage="60" keywordseo="newsletter" source="Orion">newsletter</keyword> on Monday as we observe Juneteenth.Now, I'd like to kick off the Friday feels with a bit <a href="https://www.businessinsider.com/inside-coinbase-layoffs-crypto-employees-spend-salaries-overhire-bitcoin-2022-6">about Coinbase</a>. It's a tale of hubris, much like the Greek mythological story of Icarus who flew too close to the sun. Plus, we'll wrap things up by introducing our <a href="https://www.businessinsider.com/the-banker-helping-evercore-compete-with-goldman-jpmorgan-2022-6">Banker of the Week</a>.Shall we?<a href="https://www.businessinsider.com/inside-coinbase-layoffs-crypto-employees-spend-salaries-overhire-bitcoin-2022-6"></a>1. Some of the 1,100 Coinbase employees who were let go this week <a href="https://www.businessinsider.com/inside-coinbase-layoffs-crypto-employees-spend-salaries-overhire-bitcoin-2022-6">told Insider</a> the writing was on the wall well before the layoffs took place. "Eventually the chickens are going to come home to roost," one former manager at the crypto exchange said.Coinbase was riding high on the crypto wave that seemingly had no crest. The company paid staff handsomely, it hired en masse, and had one of the <a href="https://www.businessinsider.com/coinbase-superbowl-ad-shows-bouncing-qr-code-blank-screen-2022-2">most effective ads</a> at this year's Super Bowl.But employees who were recently let go felt tremors shaking Coinbase's business as the crypto market started to falter, Insider's Bianca Chan, Carter Johnson, Kylie Robison, and Jessica Xing report.Coinbase CEO Brian Armstrong's <a href="https://blog.coinbase.com/a-message-from-coinbase-ceo-and-cofounder-brian-armstrong-578d76eedb12">mea culpa</a> that he over-hired has turned the company into the poster child of the crypto space. The market grew exponentially in a tiny window of time. Coinbase's trading volumes surged to $1.7 trillion last year from $80 billion in 2019.Even a week before the mass layoffs, the company's global support team was treated to a four-day offsite in Austin, Texas. Employees from India to England were flown in.But growth-at-all-costs strategies are dangerous. Tech companies the world over are slashing their workforces after years of excessive spending.Coinbase — like many of its disruptive peers in tech — are quickly learning, like Icarus, that hubris is not to be trifled with.<a href="https://www.businessinsider.com/inside-coinbase-layoffs-crypto-employees-spend-salaries-overhire-bitcoin-2022-6">Here's what ex-Coinbase staffers are saying.</a> Plus, don't miss: <a href="https://www.businessinsider.com/coinbase-layoffs-after-cryptocurrency-crash-2022-6">This essay from Miguel Cuevas, a L&amp;D program manager who was laid off from the crypto exchange.</a>In other news:<a href="https://www.businessinsider.com/tiger-global-venture-capital-bain-relationship-2022-6"></a><div type="image" title="Two hands shaking; &quot;Bain &amp; Company&quot; business cards fall from the sleeve of one hand." height="900" width="1200" msid="92283295" hostid="261"></div>2. Tiger Global outsourced much of its venture-capital strategy to consultants at Bain. Now that strategy is under scrutiny as valuations plunge, and Tiger shows signs of walking away from its investments right when these companies <a href="https://www.businessinsider.com/tiger-global-venture-capital-bain-relationship-2022-6">need the investor more than ever</a>.3. The bubble around the popular index-rebalance trade has popped. This type of trade — when investors bet on stocks being added or subtracted from indices like the S&amp;P 500 — soared at well-known funds like Point72 and Millenium, but <a href="https://www.businessinsider.com/overcrowded-index-rebalance-trade-leads-to-losses-for-hedge-funds-2022-6?IR=C">their trades have gotten torched this month</a>.4. Coast Capital has returned 24% this year. Founder James Rasteh — who has amassed about $300 million in assets for the three-year old firm — has corralled much of these returns since <a href="https://www.businessinsider.com/coast-capital-performance-biotech-stocks-2022-6">taking a fancy to biotech companies</a>.5. Crypto's very-own sea monster Kraken doesn't want you unless you're a libertarian. Jesse Powell, Kraken's CEO, is offering four months' pay to employees who <a href="https://www.businessinsider.com/kraken-pay-employees-to-leave-4-months-jet-ski-2022-6">don't agree with his values to leave the crypto exchange</a>.6. Ray Dalio's hedge fund is now the biggest short-seller of European stocks. Dalio's Bridgewater Associates is betting at least $5.7 billion that <a href="https://markets.businessinsider.com/news/stocks/ray-dalio-bridgewater-short-seller-european-stocks-bet-inflation-hedge-2022-6">European stocks will fall</a>.7. Private-equity firms face a "crisis of value," according to Bloomberg. After years of soaring valuations, some deals were mispriced because of low interest rates, <a href="https://www.bloomberg.com/news/articles/2022-06-16/private-equity-faces-crisis-of-value-over-inflated-prices?sref=ipW5reFz">especially in health and tech</a>.8. Thoma Bravo founder Orlando Bravo warned of "more pain" for the beleaguered tech space. Bravo, known for big-ticket tech company buyouts, told CNBC that when growth-oriented companies start addressing profitability,<a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-tech-sector-more-pain-orlando-bravo-nasdaq-2022-6"> "they're not going to love what they see."</a>9. Wall Street's largest banks still have their work cut out for them on improving workplace diversity. Senior Black bankers at Goldman Sachs and JPMorgan revealed a "snail's pace" of progress, according to Financial News, citing <a href="https://www.fnlondon.com/articles/wall-street-banks-are-stuck-on-diversity-latest-data-shows-20220616">data from the US Equal Employment Opportunity Commission</a>.<a href="https://www.businessinsider.com/the-banker-helping-evercore-compete-with-goldman-jpmorgan-2022-6"></a><div type="image" title="naveen Nataraj" height="600" width="799" msid="92283297" hostid="261"></div>10. And let's not forget our Friday "Banker of the Week." Meet Naveen Nataraj, the 20-year dealmaking veteran, and head of US advisory services at boutique shop Evercore.Nataraj worked on roughly $60 billion worth of transactions in the last year, a haul of deals that got him on <a href="https://www.businessinsider.com/top-mergers-acquisitions-bankers-2021-goldman-jpmorgan-liontree-aryeh-bourkoff-2022-1">Insider's Rainmakers list</a> this year.<a href="https://www.businessinsider.com/the-banker-helping-evercore-compete-with-goldman-jpmorgan-2022-6">Here's how Nataraj is helping Evercore compete with Goldman and JPMorgan.</a>If you know of any bankers we should feature in our Banker of the Week series, please email me at <a href="mailto:aweinman@insider.com">aweinman@insider.com</a>.Done deals:<ul><li>KKR-backed eSSENTIAL Accessibility and JMI-backed Level Access <a href="https://www.pehub.com/kkr-backed-essential-accessibility-and-jmi-backed-level-access-to-merge/">will merge</a>. The formation creates an end-to-end solutions for businesses' digital access needs. KKR made the investment in eSSENTIAL through its tech growth strategy.</li><li>Apollo agreed to <a href="https://www.globenewswire.com/news-release/2022/06/13/2461610/0/en/Apollo-Funds-to-Acquire-Cardenas-Markets-One-of-the-Largest-Hispanic-Grocery-Chains-in-the-U-S-from-KKR.html">acquire grocery chain Cardenas Markets</a> from KKR. Upon completion of the deal, Apollo's existing portfolio company Tony's Fresh Market will combine with Cardenas.</li></ul>Curated by Aaron Weinman in New York. Tips? Email <a href="mailto:aweinman@insider.com">aweinman@insider.com</a> or tweet <a href="https://twitter.com/aaronw11">@aaronw11</a>. Edited by Hallam Bullock (tweet <a href="https://twitter.com/hallam_bullock">@hallam_bullock</a>) in London.

Wall Street: Coinbase flew too close to the sun

<ul><li>The worldwide <keyword id="21407807" type="General" weightage="20" keywordseo="tablet-market" source="keywords">tablet market</keyword> has reported growth for the third consecutive quarter in Q3 2024.</li><li>39.6 million tablets were shipped worldwide during Q3 2024.</li><li>Apple and Samsung continued to dominate the market, with a combined market share of nearly 50%.</li></ul> Worldwide <keyword id="1462107" type="General" weightage="20" keywordseo="tablet-shipments" source="Orion">tablet shipments</keyword> continued to record good growth for the third consecutive quarter after over two years of decline. Tablet shipments recorded a year-on-year growth of 20.4% in Q3 2024, after reporting a 22.1% year-on-year growth in Q2 2024. According to a report by IDC, 39.6 million tablets were shipped worldwide in Q3 2024, up from 32.9 million devices shipped in Q3 2023. While the tablet market is not expected to reach the levels recorded during the pandemic with an increase in online education and work-from-home, the increase in shipments is part of a refresh cycle. "There are several appealing opportunities for vendors to increase their presence in the tablet market - collaboration with educational institutions, entertainment and gaming, cross-device connectivity, integrations in healthcare and many more,” said Anuroopa Nataraj, senior research analyst, IDC Mobility and Consumer Device Trackers. <h2>Amazon records the highest growth</h2><table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 2024 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 2023 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apple </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">12.6 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">12.4 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.61% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Samsung </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.1 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">6 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">18.33% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amazon </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.6 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.2 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">109.10% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Huawei </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.3 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.3 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">43.48% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lenovo </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">3 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.6 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.38% </td></tr></tbody></table> Units in millions, Source: IDC Apple, which currently leads the market reported a 1.61% growth in shipments from 12.4 million units in Q3 2023 to 12.6 million in Q3 2024. As per the report, the new iPad Pro performed below expectations due to its pricing. Samsung has emerged second with 7.1 million units shipped in Q3 2024, up from 6 million units shipped in Q3 2023, recording a growth of 18.33%. Amazon is back in the top five, occupying the third position with 4.6 million devices shipped in Q3 2024, up from 2.2 million devices shipped in Q3 2023, recording a 109.1% growth, making it the company to record the highest growth. Huawei shipped 3.3 million units in Q3 2024, up from 2.3 million units in Q3 2023, recording a 43.48% growth in shipments. Lenovo reported a decent increase in shipments at 15.38%, shipping 3 million units in Q3 2024, up from 2.6 million during the same period last year. <h2>Apple and Samsung occupy nearly 50% market share</h2><table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 2024 market share </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apple </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">31.70% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Samsung </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">17.90% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amazon </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.60% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Huawei </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">8.20% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lenovo </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.60% </td></tr></tbody></table> Source: IDC The tablet market is currently dominated by Apple and Samsung. The two companies hold a combined market share of nearly 50%. “Recent innovations in AI have begun to attract consumers willing to pay a premium price. As AI features and applications grow, more consumers will prioritise these advanced capabilities in their next purchase,” Nataraj added. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-13-announced-with-snapdragon-8-elite-6000mah-battery-and-more/articleshow/114842638.cms">OnePlus 13 announced with Snapdragon 8 Elite, 6,000mAh battery and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-up-3-in-q3-vivo-leads-the-market/articleshow/114840345.cms">Indian smartphone shipments up 3% in Q3, Vivo leads the market</a> <a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-november-2024/slidelist/114836760.cms">Upcoming smartphones launching in India in November 2024</a>

Worldwide tablet shipments grow by 20.4% in Q3 2024, Apple leads with over 31% market share

<ul><li>There was a massive decline in worldwide tablet shipments in 2023.</li><li>Worldwide tablet shipments declined by over 20% to reach a new low since 2011.</li><li><keyword id="19894961" type="General" weightage="20" keywordseo="apple" source="keywords">Apple</keyword> leads the worldwide tablet market in 2023, with a market share of nearly 40%.</li></ul> The worldwide tablet shipments have recorded a huge decline in the fourth quarter of 2023, marking the largest decline in Q4 shipments since 2016. Moreover, shipments declined over 20% in 2023 to hit a new low since 2011. According to a report by the International Data Corporation (IDC), the worldwide tablet shipments in 2023 were 128.5 million devices, recording a decline of 20.5%. This is the lowest volume of shipments in the world since 2011. Shipments in Q4 2023 reached 36.8 million, recording a decline of 17.4% year-on-year. "With no significant improvements to the economy and consumers allocating their money to things beyond consumer electronics, tablets may not be very high on the priority list. Project delays and spending freezes have also led to purchase postponement through much of 2023," said Anuroopa Nataraj, senior research analyst with IDC's Mobility and Consumer Device Trackers. <cmsannotation type="cmsannotation" annotationid="Apple leads Q4 2023 despite a decline" comment="subhead" text="Apple leads Q4 2023 despite a decline">Apple leads Q4 2023 despite a decline</cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 2023 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 2022 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apple </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">14.9 million </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">21.1 million </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-29.30% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Samsung </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.3 million </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.8 million </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-6.60% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Huawei </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.8 million </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.3 million </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">21.20% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lenovo </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.6 million </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.3 million </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">12.90% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Xiaomi </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.6 million </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.2 million </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">35% </td></tr></tbody></table> Source: IDC Apple continued to dominate the worldwide tablet market, occupying a market share of over 40%, despite a decline in shipments. The Cupertino tech giant recorded a decline of 29.3% year-on-year. Samsung, a distant second, recorded a slight decline in shipments but continues to hold its position. Huawei, Lenovo and <keyword id="19901379" type="General" weightage="20" keywordseo="xiaomi" source="keywords">Xiaomi</keyword>, which hold the next three positions, reported a growth in shipments Q4 2023. <cmsannotation type="cmsannotation" annotationid="2023 shipments decline for all companies" comment="subhead" text="2023 shipments decline for all companies">2023 shipments decline for all companies</cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2023 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2022 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apple </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">48.5 million </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">60.5 million </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-19.80% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Samsung </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">26.2 million </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">30.4 million </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-13.90% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lenovo </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">9.3 million </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.6 million </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-19.70% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Huawei </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">8.7 million </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">9.1 million </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-4% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amazon </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.5 million </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">16 million </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-65.90% </td></tr></tbody></table> Source: IDC There has been a decline in shipments of all top five companies globally in 2023, with <keyword id="19904608" type="General" weightage="20" keywordseo="amazon" source="keywords">Amazon</keyword> taking the biggest hit with a decline of 65.9%. Apple, which leads the market in 2023, recorded shipments of 48.5 million devices, down from 60.5 million devices, registering a decline of 19.8%. <cmsannotation type="cmsannotation" annotationid="Analysts cautious about 2024" comment="subhead" text="Analysts cautious about 2024">Analysts cautious about 2024</cmsannotation> While shipments are expected to recover in 2024, analysts are cautious as this depends on the overall macroeconomic situation. Additionally, the rising popularity of artificial intelligence (AI) could mean that computers and smartphones will be in the spotlight in 2024. "2024 is expected to show some rebound opportunities, provided the year is more economically sound. However, overall challenges remain in the tablet market, and technological advances around AI will likely focus more on the PC and smartphone for the next two years, but tablets will increasingly become part of that conversation,” said Nataraj. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-market-flat-in-2023-after-q4-boost-apple-crosses-10-million-mark/articleshow/107419298.cms">Indian smartphone market flat in 2023 after Q4 boost; Apple crosses 10 million mark</a> <a href="https://www.businessinsider.in/business/auto/news/ola-electric-continues-to-lead-the-segment-in-electric-scooters-in-january-2024/articleshow/107424791.cms">Electric scooter sales grow 26% in January as Bajaj, Ather jostle behind TVS and Ola</a> <a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-february-2024/slidelist/107220575.cms">Samsung to Nothing – The upcoming smartphones hitting Indian market in February</a>

Tablet shipments hit a 12-year low declining by over 20% in 2023

<ul><li>The worldwide <keyword id="21407807" type="General" weightage="20" keywordseo="tablet-market" source="keywords">tablet market</keyword> has reported growth for the first time since Q2 2021.</li><li>30.8 million tablets were shipped worldwide during <keyword id="21174432" type="General" weightage="20" keywordseo="Q1-2024" source="keywords">Q1 2024</keyword>.</li><li><keyword id="19894961" type="General" weightage="20" keywordseo="Apple" source="keywords" meta.keywordsubtype="org" meta.entityname="Apple" meta.hostid="261" meta.entityid="Apple">Apple</keyword> and <keyword id="19897758" type="General" weightage="20" keywordseo="Samsung" source="keywords" meta.keywordsubtype="org" meta.entityname="Samsung" meta.hostid="261" meta.entityid="Samsung">Samsung</keyword> continued to dominate the market, with a combined market share of over 50%.</li></ul>After over two years of decline, the worldwide tablets marker has finally shown some signs of recovery, recording a 0.5% year-on-year growth in Q1 2024. Tablet shipments had hit a<a href="https://www.businessinsider.in/tech/news/tablet-shipments-hit-a-12-year-low-declining-by-over-20-in-2023/articleshow/107447670.cms"> 12-year low</a> in 2023 after a sharp decline in shipments. According to a report by IDC, 30.8 million tablets were shipped worldwide in Q1 2024, up from 30.6 million devices shipped in Q1 2023. This marks the first quarterly growth in shipments since Q1 2021. While the tablet market is not expected to reach the levels recorded during the pandemic with an increase in online education and work-from-home, the increase in shipments is part of a refresh cycle. "The tablet market started showing signs of recovery in the first quarter. The real gains will come from the next refresh cycle, followed by growth within commercial segments as more tablets are used in the education sector and the gig economy," said Anuroopa Nataraj, senior research analyst, IDC. <cmsannotation type="cmsannotation" annotationid="Xiaomi records the highest growth in shipments" comment="subhead" text="Xiaomi records the highest growth in shipments">Xiaomi records the highest growth in shipments</cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 2024 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 2023 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apple </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">9.9 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">10.8 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-8.50% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Samsung </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.7 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.1 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">-5.80% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Huawei </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.9 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">43.60% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lenovo </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.1 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.9 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">13.20% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Xiaomi </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.8 </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.9 </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">92.60% </td></tr></tbody></table> Units in million, Source: IDC Apple, which currently leads the market reported an 8.5% decline in shipments from 10.8 million in Q1 2023 to 9.9 million in Q1 2024. Apple’s poor performance has been attributed to the absence of new models from the company and the overall economy. Samsung on the other hand reported a decline of 5.8% from 7.1 million units shipped in Q1 2023 to 6.7 million units in Q1 2024. Similar to Apple, the lack of new products is the reason for Samsung’s decline in shipments. Huawei shipped 2.9 million units in Q1 2024, up from 2 million units in Q1 2023, recording a 43.6% growth in shipments. Lenovo reported a slight increase in shipments at 13.2%, shipping 2.1 million units in Q1 2024, up from 1.9 million during the same period last year. Xiaomi recorded the highest growth at 92.6%, shipping 1.8 million devices, up from 0.9 million units. Xiaomi has reportedly grown in triple digits in nearly all of its markets outside China. <cmsannotation type="cmsannotation" annotationid="Apple and Samsung occupy over 50% market share" comment="subhead" text="Apple and Samsung occupy over 50% market share">Apple and Samsung occupy over 50% market share</cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 2024 market share </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apple </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">32% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Samsung </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">21.70% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Huawei </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">9.40% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lenovo </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">7% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Xiaomi </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.90% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Others </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">24% </td></tr></tbody></table> Source: IDC The tablet market is currently dominated by Apple and Samsung. The two companies hold a combined market share of over 50%. Apple and Samsung are both expected to soon launch new tablets, which are likely to be packed with AI features. Large smartphones, such as foldables and thinner laptops have reduced the popularity of tablets. While companies like Samsung, Huawei and Xiaomi have their foldable phones, Apple is still lagging in this department. “The attrition driven by competition from PCs and smartphones will contribute to a lacklustre outlook for the tablet market. That said, there is potential upside driven by AI capabilities similar to what's expected in other device types,” added Nataraj. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/global-smartphone-shipments-grow-by-6-in-q1-2024-samsung-retakes-the-top-spot/articleshow/109817280.cms">Global smartphone shipments grow by 6% in Q1 2024, Samsung retakes the top spot</a> <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-crater-in-april-2024-as-prices-increase-amid-reduced-subsidies/articleshow/109806054.cms">Electric two-wheeler sales crater in April 2024 as prices increase amid reduced subsidies</a> <a href="https://www.businessinsider.in/business/auto/news/april-auto-sales-hyundai-continues-to-hold-the-second-position-as-tata-motors-inches-closer/articleshow/109777834.cms">April auto sales – Hyundai continues to hold the second position as Tata Motors inches closer</a>

Worldwide tablet shipments grow in Q1 2024 after two years of decline

<ul><li><keyword id="6354427" type="General" weightage="80" keywordseo="apple" source="Orion">Apple</keyword> shipped 10.8 tablets with 35.2 per cent share in Q1, followed by <keyword id="10591" type="General" weightage="80" keywordseo="samsung" source="Orion">Samsung</keyword> at 23.1 per cent share and shipping 7.1 million units.</li><li>Huawei was third with 6.6 per cent share (2 million units), according to preliminary data from from the International Data Corporation (IDC).</li></ul>New Delhi, Apple, followed by Samsung, led the global <keyword id="50839" type="General" weightage="100" keywordseo="tablet" source="Orion">tablet</keyword> market in the first quarter of 2023, together making up nearly 58 per cent of the market even with the changing landscape post-pandemic, a report has shown. Apple shipped 10.8 tablets with 35.2 per cent share in Q1, followed by Samsung at 23.1 per cent share and shipping 7.1 million units. Huawei was third with 6.6 per cent share (2 million units), according to preliminary data from from the International Data Corporation (IDC). Worldwide tablet shipments posted decline of 19.1 per cent (year-over-year) in the first quarter of 2023, reaching 30.7 million units. The low shipment volume is now comparable to pre-pandemic levels. Shipment volume in 1Q23 was comparable to the 30.1 million units shipped in Q1 2019 and 31.6 million in Q1 2018. "Tablet vendors entered the first quarter of 2023 with caution. As expected, both commercial and consumer volumes were low as macro environment remained uncertain throughout Q1," said Anuroopa Nataraj, senior research analyst with IDC's Mobility and Consumer Device Trackers. According to the report, sell-in shipment in the first half of 2023 is expected to be low, with vendors focusing on clearing out their inventory before the launch of newer models. Chromebook shipments also continued to contract in Q1 with shipments totalling 3.8 million units for a year-over-year decline of 31 per cent year over year. "Despite the downturn in tablet shipments, there's some reason for optimism as more vendors are paying attention to the space," said <keyword id="1591500" type="General" weightage="50" keywordseo="jitesh-ubrani" source="Orion">Jitesh Ubrani</keyword>, research manager. "<keyword id="2210217" type="General" weightage="50" keywordseo="oneplus" source="Orion">OnePlus</keyword>' recent launch and the upcoming Pixel Tablet from Google are clear signs that there's appetite from the supply side," he added. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/what-are-vishing-scams-that-start-with-a-namaste-and-end-with-monetary-losses/articleshow/99762900.cms">What are ‘vishing scams’ that start with a Namaste and end with monetary losses</a> <a href="https://www.businessinsider.in/tech/news/sony-wh-ch720n-headphones-review-featherweight-comfort-and-impressive-sound/articleshow/99911412.cms">Sony WH-CH720N headphones review: Featherweight comfort and impressive sound</a>

Apple, Samsung capture 58% of global tablet market

<ul><li><keyword id="255703" type="General" weightage="100" keywordseo="bluestone" source="Orion">BlueStone</keyword> is looking forward to opening its third manufacturing unit in <keyword id="6354779" type="General" weightage="80" keywordseo="jaipur" source="Orion">Jaipur</keyword> and will be looking forward to hiring 400 employees over the next 3-4 months.</li><li>The <keyword id="727556" type="General" weightage="20" keywordseo="jewellery-retailer" source="Orion">jewellery retailer</keyword> is rapidly scaling operations across the country with new warehouses and stores coming up in many cities.</li><li>Till date, the company has raised $70.1 million in external funding.</li></ul>BlueStone, a Bengaluru-based <keyword id="13123234" type="General" weightage="20" keywordseo="online-jewellery-platform" source="Orion">online jewellery platform</keyword>, is planning to open its third manufacturing unit in Jaipur and will be looking forward to hiring 400 employees over the next 3-4 months. As part of the expansion plan, the jewellery retailer will be hiring across various domains like production, warehouse, logistics and design functions for their <keyword id="3386928" type="General" weightage="20" keywordseo="new-manufacturing-unit" source="Orion">new manufacturing unit</keyword> in Jaipur. The existing two other manufacturing units of the company are located in Mumbai with a total work area of 12,000 square feet (sq. ft) and with an employee count of around 500. BlueStone is rapidly scaling operations across the country with new warehouses and stores coming up in many cities, catering to the growing demand. The new manufacturing unit will help the brand meet the rising demand for its products. “With the launch of our new manufacturing unit in Jaipur, we have expanded our production capacity three-fold, which is required to meet the scale at which we operate at present, having opened 68 new stores over the last 2 years and with plans to open more in the months ahead,” said Gaurav Singh Kushwaha, founder and chief executive officer (CEO) of BlueStone.com. Kushwaha further said, “We intend to double the size and capacity of the new manufacturing unit in about a year from now with the premise having an additional 20,000 sq ft of space that could be utilised. Our customers will stand to benefit from reduced production timelines and good air connectivity from Jaipur, resulting in quicker deliveries.” In 2020, the jewellery retailer raised a series E round funding of ₹14.73 crore from its existing investors Accel, IIFL Seed Ventures Fund, Kalaari Capital, Iron Pillar Fund, Ivycap Ventures and Saama Capital. Till date the company has raised $70.1 million in external funding. Founded by Vidya Nataraj and Kushwaha in 2011, BlueStone claims to ship in-house designed jewellery across 25,000 pin codes in the country and internationally to the US, Canada, UK and Australia. It also has 65 physical stores in over 22 cities, including Bengaluru, Chennai, Mumbai, Hyderabad and New Delhi. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/education/news/meet-santishree-dhulipudi-pandit-the-first-female-vice-chancellor-of-jawaharlal-nehru-university/slidelist/89409341.cms">Meet Santishree Dhulipudi Pandit, the first female vice-chancellor of Jawaharlal Nehru University</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/investment/news/sundar-pichai-pegs-googles-web3-ambitions-to-the-cloud/articleshow/89409184.cms">Sundar Pichai pegs Google’s Web3 ambitions to the cloud</a>

Online jewellery platform BlueStone to hire 400 people in the next 3-4 months

<ul><li>Making a significant investment in Indian sports, <keyword id="138873" type="COMPANY" weightage="20" keywordseo="Puma">PUMA</keyword> signs 15 Athletes and <keyword id="11623794" type="UNKNOWN" weightage="20" keywordseo="3-para-athletes">3 Para Athletes</keyword> in India.</li><li>With an aim to spread a vision of hope, optimism and self-belief, PUMA has signed these athletes as a part of its latest brand campaign ‘Only See Great.’</li></ul>Sports brand PUMA has signed 18 Indian athletes who will represent the country in national and international events across sporting disciplines like shooting, hockey, track and field, boxing, table tennis, discus throw and badminton. It’s a major step for the brand as it continues to push boundaries and celebrate diversity in sports. Through its brand campaign ‘Only See Great’, PUMA aims to explore the very idea of achieving greatness and how these athletes have strived for it during extraordinary times. With an aim to bring about a mindset transformation towards equality in sports, the brand is focused on supporting talent across multiple sporting disciplines. In addition to ace boxing champion, <keyword id="47387" type="PERSON" weightage="20" keywordseo="Mary-Kom">Mary Kom</keyword> and Indian national sprinter, <keyword id="1142452" type="PERSON" weightage="20" keywordseo="Dutee-Chand">Dutee Chand</keyword>, the brand has signed a bevy of big-hitters like boxer Pooja Rani; track and field athlete Tejinder Singh; shooter Manu Bhaker; swimmer Srihari Nataraj; hockey players Rupinder Pal Singh, Harmanpreet Singh, Mandeep Singh, Gurjant Singh, Savita Punia, Sushila Chanu, Navneet Kaur, Navjot Kaur, <keyword id="809404" type="PERSON" weightage="20" keywordseo="Vandana-Katariya">Vandana Katariya</keyword>, Gurjit Kaur and Udita Duhan. The list also includes para-athletes like shooter Avani Lekhara; table tennis champ Bhavina Patel and discus throw athlete Ekta Bhayan. “We are thrilled and honored to sign some of the country’s finest athletes. As they continue to lead the way with their strength and athleticism, it's equally important to work with them to break down barriers on the field of play. As a brand, we strongly believe that being unique is a great strength and our unwavering commitment to inclusivity in sports is testament to this,” said Abhishek Ganguly, Managing Director, <keyword id="11623792" type="UNKNOWN" weightage="20" keywordseo="puma-india-southeast-asia">PUMA India &amp; Southeast Asia</keyword>. “Our athletes have time and again proven their mettle. I am sure with their grit and determination they will continue to outperform themselves. I wish them good luck in their pursuit to achieve greatness and make our country proud,” he added. With their eyes set on the challenge, each athlete will be showcasing their prowess as they set out to achieve their own moment of greatness in sport. PUMA’s ‘Only See Great’ campaign puts the spotlight on them as they strive for greatness, listening to their hearts, and finding a vision that no one else can see. Mary Kom said, “I have been associated with PUMA for over two years now and I am proud of the fact that the brand has always been at the forefront of encouraging the spirit of sports. For any athlete, grit, passion and hard work are the key ingredients to success. My boxing journey has not been that easy, but with years of practice, hard work and determination, I achieved the improbable. I am glad to represent India in the international sports circuit after such a long time.” Dutee Chand added, “PUMA was my very first brand association and will always be very close to my heart. I’m thrilled and proud to see the brand encourage athletes across sporting fields and support them in their journey to achieve greatness. Despite the challenges posed by the pandemic, I believe that my hard work has brought me closer to my goal. My single focused aim is to win more laurels for the country in national and international sporting events.” Commenting on the association, Ekta Bhayan said, “Everybody has the right to dream, don’t let disability define you. I hope my sporting journey sets an example for others that nothing can stop them. I am so thrilled to be associated with PUMA at this juncture in my sporting career. It’s great to see the brand continuing to break stereotypes and champion inclusivity in sports.”

Puma signs 18 athletes to celebrate diversity in sports ahead of upcoming competitions

<div class="image-container float_right" style="width:400px"><div class="image"></div><a href="http://www.flickr.com/photos/natarajam/4061801408/">Flickr/Nataraj Metz</a></div>The Philly Fed's March Business Outlook Survey is out.
The headline index rose to 2.0 from -12.5 last month.
The number indicates that business conditions in the region moved into expansion mode from contractionary territory last month.
Economists were expecting a slighter gain – to -3.0 – which would have indicated a continued contraction in the region.
Below is the full text <a href="http://www.phil.frb.org/research-and-data/regional-economy/business-outlook-survey/2013/bos0313.cfm">from the press release</a>:
<h3 style="padding-left: 30px;">Indicators Suggest Increased Activity</h3>
The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, increased from a reading of -12.5 in February to 2.0 this month (<a href="http://www.phil.frb.org/research-and-data/regional-economy/business-outlook-survey/2013/bos0313chart.jpg" title="Chart of General Activity" class="colorboxImage cboxElement">see Chart</a>).* The demand for manufactured goods also showed improvement this month: The new orders index increased from a reading of -7.8 in February to 0.5, its first positive reading in three months. The shipments index showed continued improvement: The index remained positive and edged higher to 3.5. The percentage of firms reporting increased shipments (25 percent) was still only slightly greater than the percentage reporting declines (22 percent).
Labor market conditions showed continued signs of stability, but little overall growth. The employment index increased from 0.9 in February to 2.7 this month, its second consecutive positive reading. The percentage of firms reporting employment increases (17 percent) narrowly exceeded the percentage reporting decreases (14 percent). Firms also reported a decline of average work hours this month. The workweek index declined 11 points.
<h3 style="padding-left: 30px;">Indexes Indicate Little Price Pressure</h3>
The survey’s price indexes suggest little price pressures again this month. For the third consecutive month, the prices received index was slightly negative. The percentage of firms reporting lower prices for their own manufactured goods (9 percent) exceeded by a slim margin the percentage reporting higher prices (8 percent). With regard to purchased inputs, 17 percent of firms reported paying higher prices for inputs, compared with 13 percent last month. The prices paid index edged slightly lower and is now at its lowest reading in nine months.
<h3 style="padding-left: 30px;">Six-Month Indicators Improve</h3>
The survey’s future indicators suggest that firms expect growth in business over the next six months. The future general activity index increased slightly from a reading of 32.1 to 32.5, its fourth consecutive monthly increase (<a href="http://www.phil.frb.org/research-and-data/regional-economy/business-outlook-survey/2013/bos0313chart.jpg" title="Chart of General Activity" class="colorboxImage cboxElement">see Chart</a>). The percentage of firms expecting increases in activity over the next six months (46 percent) exceeded the percentage expecting decreases (13 percent). The indexes for future new orders and shipments showed a mixed pattern this month. The future new orders index decreased 4 points, while the future shipments index increased 1 point. The future employment index fell notably, from 14.9 to 8.1. Twenty-four percent of firms expect to increase employment over the next six months; 16 percent expect to decrease it.
In special questions this month, firms were asked about their expectations for capital spending for 2013 compared with 2012 (<a href="http://www.phil.frb.org/research-and-data/regional-economy/business-outlook-survey/2013/bos0313.cfm#sp">see Special Questions</a>). Over 39 percent of the firms indicated that total capital spending would increase this year compared with 2012; 32 percent indicated that spending would decrease. With the exception of noncomputer equipment, most categories of planned capital spending were being scaled back this year. Among firms that did not plan to increase capital spending, the most cited reasons were low sales growth, low capacity utilization, and limited need to replace capital and technology equipment.
<h3 style="padding-left: 30px;">Summary</h3>
The March Business Outlook Survey indicated an improvement in the region’s manufacturing sector this month. Most notably, the indicators for general activity and new orders improved markedly, and the survey broadly recorded positive readings this month. Responses suggest that firms expect further increases in business over the next six months. Although firms are generally optimistic, restrained capital spending plans are in evidence.
<a href="http://www.phil.frb.org/research-and-data/regional-economy/business-outlook-survey/2013/bos0313.pdf">Click here for the full report &gt;</a>

PHILLY FED: Business Conditions Unexpectedly Moved Into Expansion Mode In March

Good morning. I'm Kaja Whitehouse and I'm filling in for Aaron Weinman. The mood on Wall Street, and financial hubs across the globe, is somber this morning following the <a href="https://newsletter.businessinsider.com/click/28307628.159699/aHR0cHM6Ly93d3cuYnVzaW5lc3NpbnNpZGVyLmNvbS9zaGluem8tYWJlLWRlYWQtZm9ybWVyLWphcGFuLXByaW1lLW1pbmlzdGVyLXNob290aW5nLWRldGFpbHMtb2JpdHVhcnktMjAyMi03P25yX2VtYWlsX3JlZmVyZXI9MSZ1dG1fc291cmNlPVNhaWx0aHJ1JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NvbnRlbnQ9T3BlbmluZ19iZWxs/62667762063d6b9bef0cffb3B846cea85/email">death of former Japanese prime minister Shinzo Abe</a>, who was shot while giving a speech at a campaign event in Nara, western Japan.In today's newsletter, we are also looking at a story from Chicago, where three JPMorgan traders are standing trial over an alleged scheme to manipulate gold and other precious metal prices. We will explore why that trial is relevant to today's Wall Street (even though it dates back to 2019) — and introduce readers to the 10 members of Congress who really dislike the<a href="https://www.businessinsider.com/conservative-politicians-esg-sustainable-investing-2022-6"> financial industry's hottest new trend: ESG investing.</a>If this was forwarded to you,<a href="https://www.businessinsider.com/subscription/newsletter/10-things-on-wall-street"> sign up here</a>. Download Insider's app <a href="https://www.insider.com/app">here</a>.<a href="https://www.bloomberg.com/news/articles/2022-07-07/jpmorgan-s-big-hitters-of-gold-market-face-trial-over-spoofing"></a>1. It's all about the messages. At the heart of the government's metals rigging case against three former JPMorgan traders will be a slew of internal bank chat logs that the prosecution will use as evidence. <a href="https://www.bloomberg.com/news/articles/2022-07-07/jpmorgan-s-big-hitters-of-gold-market-face-trial-over-spoofing">According to Bloomberg,</a> JPMorgan has been fighting to keep some internal communications out of the trial, including messages involving current executives.For Wall Street bankers and traders, it's just the latest reminder that what they say to colleagues and clients is never private. Bankers who take to unauthorized apps like WhatsApp to conduct business <a href="https://www.businessinsider.com/credit-suisse-anthony-kontoleon-removal-messaging-app-06-2022">stand to lose their jobs</a>, even if no inappropriate messages were found.It's part of <a href="https://www.businessinsider.com/wall-street-bankers-livid-over-sec-probe-private-messages-whatsapp-2022-5">a larger government crackdown</a> that has rattled financial industry pros <a href="https://www.businessinsider.com/movius-ceo-explains-wall-streets-favorite-message-monitoring-app-2022-6">whose clients often prefer WhatsApp</a> and SMS to email. It's also putting some employees at odds with their employers as banks, <a href="https://www.businessinsider.com/jpmorgan-chase-is-tracking-zoom-calls-workplace-activity-using-wadu-2022-5"> JPMorgan</a>, do whatever it takes to keep tabs on their workers. As Insider has previously reported, Wall Street's monitoring has some employees spooked. But <a href="https://www.businessinsider.com/jpmorgan-fire-drill-meeting-about-wadu-employee-tracking-complaints-2022-7">banks appear to be doubling down nonetheless.</a> In other news:<a href="https://www.businessinsider.com/conservative-politicians-esg-sustainable-investing-2022-6"></a><div type="image" title=": (L-R) Rep. Darrell Issa (R-CA) and Rep. Dan Crenshaw (R-TX) speak with fellow House Republican members as they gather before a meeting about the American military withdrawal in Afghanistan, at the U.S. Capitol on August 30, 2021 in Washington, DC." height="1666" width="2222" msid="92750848" hostid="261" sizebytes="113148"></div>2. ESG's newest enemy works for Congress. Funds that invest with environmental, social, and governance considerations in mind are coming under attack from a group of Republican lawmakers, one of whom called ESG investing "a scam." Insider's Rebecca Ungarino breaks down <a href="https://www.businessinsider.com/conservative-politicians-esg-sustainable-investing-2022-6">who they are and what they want.</a>3. Elon Musk's deal to buy Twitter in 'peril'. Advisors to the Tesla CEO have concluded that Twitter's figures on spam accounts are unverifiable, the <a href="https://www.washingtonpost.com/technology/2022/07/07/elon-musk-twitter-jeopardy/">Washington Post reported</a>. Meanwhile, the billionaire has stopped engaging in certain discussions around funding for the $44 billion deal, including with a likely backer, WaPo said, citing anonymous sources.4. There's a new financial advisor toolkit. Wealth-management firms are poised to reevaluate the financial software they use to help clients manage money in the face of tumbling stocks. Insider spoke to seven industry insiders about the fintechs that will be deemed essential — <a href="https://www.businessinsider.com/fintech-tools-crm-analytics-marketing-winners-losers-for-financial-advisors-2022-7">and the ones that could be tossed.</a>5. Bank of America's refugee-turned-banker to the ultra rich. Dega Nalayeh shares how she went from nothing to a $6.4 billion book of business that includes players for the Atlanta Hawks basketball team. <a href="https://www.businessinsider.com/dega-nalayeh-private-bank-of-america-bofa-immigrant-2022-7">Read her story here.</a>6. SoftBank veteran Rajeev Misra is setting up his own fund. Misra is stepping back from his role overseeing SoftBank's latest megasized investment vehicle, Vision Fund 2. He'll still head up softBank's first Vision Fund, while launching own $6 billion fund. <a href="https://www.businessinsider.com/softbank-vision-fund-ceo-rajeev-misra-steps-back-2022-4">More details here.</a>7. Should you change jobs right now? The stock market is down, inflation is at a 40-year high, and experts are bracing for a recession — so your window may be closing. <a href="https://www.businessinsider.com/should-you-change-jobs-before-recession-great-resignation-2022-7">Here's how to decide what to do.</a>8. The battle over Spirit Airlines. Shareholders of Spirit Airlines are scheduled to vote today, July 8, on the company's proposed merger with Frontier Airlines. But will it happen? The company has already postponed the vote twice to <a href="https://www.businessinsider.com/jetblue-frontier-spirit-airlines-bidding-war-new-offer-shareholder-vote-2022-6">explore overtures from rival suitor JetBlue.</a>9. Another contentious hedge fund divorce. John Paulson was accused by his wife, Jenica, of secretly stashing billions of assets into secret trusts to avoid having to share his wealth with her as part of their divorce, <a href="https://www.bloomberg.com/news/articles/2022-07-07/john-paulson-hid-billions-in-secret-trusts-wife-claims-in-suit?srnd=premium">Bloomberg reported.</a>10. Our "Banker of the Week" feature is on vacation — it'll be returning next week. But in the meantime, get to know the last four bankers we featured:<ul><li><a href="https://www.businessinsider.com/the-banker-helping-evercore-compete-with-goldman-jpmorgan-2022-6">Naveen Nataraj, senior managing director at Evercore,</a> held nine big-ticket transactions in 2021 that amassed almost $60 billion in enterprise value.</li><li><a href="https://www.businessinsider.com/the-former-warburg-pincus-dealmaker-that-just-wrapped-a-jewel-of-a-deal-2022-6">Uzair Dossani, a managing director at Intermediate Capital Group</a>, is a 25-year private-equity veteran who recently closed a deal for Seaway Plastics Engineering.</li><li><a href="https://www.businessinsider.com/10-things-wall-street-citi-investment-banking-citadel-2022-6">Harold Butler, a huge advocate for greater equity on Wall Street,</a> leads Citi's diverse financial institutions group.</li><li><a href="https://www.businessinsider.com/kkr-peter-stavros-private-equity-chi-overhead-doors-sale-2022-6">Pete Stavros, the co-head of US private equity for KKR,</a> just closed the sale of C.H.I Overhead Doors to Nuco.</li></ul>If you know of any bankers who recently closed big deals or are making strides on Wall Street, submit them as potential "Bankers of the Week" to Aaron at <a href="mailto:aweinman@insider.com">aweinman@insider.com</a>Keep updated with the latest business news throughout your day by checking out <a href="https://link.chtbl.com/therefresh">The Refresh from Insider</a>, a dynamic audio news brief. <a href="https://link.chtbl.com/therefresh">Listen here.</a>

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