News in Numbers, Feb 27, 2017: Back in stock: Nokia 3310 📲

~Rs 3,500

What is it? The estimated price of the Nokia feature phone redux, the popular 3310.

Why is it important? Nokia, once the most popular mobile brand, is plotting a comeback with a slew of new phones and one relaunch by its current owners, a subsidiary of Foxconn. HMD Global has lined up four phones, including the redesigned feature phone, 3310, for global shipments. Between its launch in 2000 and 2005, the 3310 had sold 120 million units. In India, especially, it could create a stir as more than 55% of mobiles phones are still feature phones.

Tell me more: The new smartphones are priced between Rs 9,000 and Rs 21,000.

 

6.1-6.4%

What is it? The estimates of GDP growth for the third quarter of fiscal 2016-17, when demonetisation was in the full swing.

Why is it important? Surveys of economists by Mint and Reuterspoint to the slowdown caused by demonetisation. The last estimate from the Central Statistics Office of the full fiscal at 7.1% kept the cash-ban effect out of reckoning.

Tell me more: In the July-September quarter, GDP growth rose by 7.3%. International Monetary Fund recently projected 6.6% GDP growth rate for India in 2016-17.

 

9

What is it? People killed in the boat capsize in Tamil Nadu.

Why is it important? Another boat capsize in a little over a month since the Bihar tragedy. Avoidable deaths recur given India’s lax enforcement of water safety measures, mostly when boats not suited for the purpose are used and absence of life jackets onboard. In this case, while the cause remains undetermined, it is being reported that many died trapped in the fishing net inside the vessel, taking them on a joyride off Tuticorin, when it overturned. The boat was not meant for too many passengers.

Tell me more: Tamil Nadu had seen 22 persons killed in another capsize in 2011.

 

630

What is it? The number of generic drugs the US Food and Drug Administration (USFDA) approved in 2016.

Why is it important? The US is one of the largest pharmaceutical markets in the world and generic or unbranded drugs saved its healthcare system $1.68 trillion in the last 10 years. An increase in approvals would give a boost to its healthcare system. But more significantly, nearly 80% of the generic drugs originate or get made in countries like India and China. So, it would also spell a larger market for such drug manufacturers based in these countries. USFDA Approvals are up from 580 in 2015 and 146 in 2014.

Tell me more: India, of course, will have do better to gain from it, as many of the drug manufacturers ran into trouble due to their production units failing the USFDA standards.

 

6

What is it? The number of Academy Awards or the Oscars that La La Land won, out of 14 categories it had been nominated in.

Why is it important? The movie was in the running for matching/breaking the record of the most number of Oscars won by a movie, ie. 11 or more (Ben Hur, Titanic and The Lord of the Rings: The Return of the King. However, with a vocal critic base the movie was not able to do so.

Tell me more: For a brief moment, the movie was declared the ‘Best Movie’, the ultimate prize at the Oscars and what would have been the movie’s seventh award of the evening. But it was the presenter’s mistake.

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Galaxy Note 7 fiasco: Three reasons why it’s not all over for Samsung

This piece originally appeared on Livemint.com

 

Smartphone makers are on shaky ground. Recently, BlackBerry announced it will stop manufacturing phones to focus on software.

Xiaomi, once considered an Apple challenger, saw its shipments plummet, and it dropped out of the top five. So did Lenovo. There were over 500 smartphone brands in China once, but only about 100 have survived. Apple iPhone sales stagnated this year.

Even dominant players can’t take their position for granted. Where does that leave Samsung after the Note 7 fiasco, which has cost it billions and damaged its reputation?

A few more missteps could spell doom for Samsung smartphones. But it also has three things going for it. It has a healthy lead over its nearest rival (Chart 1).

Historically, the fall for big handset makers happened slowly, giving it time to set things right (Chart 2). And, it has many models in its stable to latch on to (chart 3).

 

samsung1

 

samsung2

 

samsung3

 

 

 

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