InvestorQ : Can you tell me about the proposed launch of JioPhone in during Diwali?
Rashi Mehra made post

Can you tell me about the proposed launch of JioPhone in during Diwali?

Archita Jajjoo answered.
12 months ago

JioPhone Next, the low cost smart phone made through the collaboration of Reliance Jio and Google, will be priced at Rs.6,499 per unit. The piece will be 4G-enabled and will hit the market during the Diwali. Customers have an option to pay just one-third of the price upfront and the balance in EMIs. The original launch was planned in Ganesh Chaturthi but had to be put off due to a shortage of microchips in the global market.

With this JioPhone Next, Reliance Jio looks to wean away over 30 crore 2G customers and elevate them directly into 4G. The phone price is at least 50% more than what the markets had anticipated. These phones can be purchased on Jio Mart’s digital network of 30,000 partners across the country. The Jio Phone Next was specifically designed keeping in mind the unique features of the Indian market and affordability.

The JioPhone Next comes with inbuilt features like voice assistant, read aloud function, language translator, file and phone sharing without internet etc. Experts do expect the instrument to be a market disruptor due to its strong add on features. Jio is planning to shift up to 40 lakh devices before the end of December this year. JioPhone Next has addressable market size of 54 crore.