iWorld
Festive season propels Indian smartphone market
KOLKATA: The festive season has pushed the Indian smartphone market with a quarter-on-quarter growth of 27 per cent in Q3 of the current calendar year 2014 to propel it as the largest growing smartphone market in the APAC region.
The overall mobile market stood at 72.5 million units in Q3 2014, registering a 15 per cent quarter-on-quarter growth and a 9 per cent year-on-year growth, according to the International Data Corporation (IDC).
“With 44 million units shipped in CY 2013 and the current market scenario hinting at 80 million plus shipments in CY 2014, we have a big chunk of end-user market which is awaiting refresh. To add to this, new initiatives on the 4G front are expected to be rolled out, which should spark up demand in the smartphone market in CY 2015,” said IDC India senior market analyst Karan Thakkar.
However, phablets are hitting a stagnancy which has been one of the key reasons for consumers opting for smartphones, the IDC said.
“With 6 per cent of the overall smartphone market, phablets are observed to be hitting a plateau. Smartphones are seen as the sweet spot for consumer preference. However, consumers need larger screen sizes to enjoy media content and with the 4G rollout expected in CY 2015, we expect the phablets segment to pick up again,” said IDC India research manager, client devices Kiran Kumar.
Interestingly, Micromax is fast crawling up to challenge Samsung, the market leader. Market share for Micromax stood at 20 per cent in Q3, up by two per cent from the previous quarter while Samsung’s market share is 24 per cent.
The Q3 results reveal the second consecutive quarter of over 80 per cent year-on-year shipment growth for smartphones, reflecting robust end-user demand for the category in the devices market in India.
The share of smartphones in the overall mobile phone market stood at 32 per cent in Q3 2014, which is a considerable increase over 19 per cent in the same period a year ago.
According to the Asia-Pacific (excluding Japan) Quarterly Mobile Phone Tracker, vendors shipped a total of 23.3 million smartphones in Q3 2014 compared to 12.8 million units in the same period of CY 2013.
iWorld
Netflix cuts jobs in product division amid restructuring
Layoffs hit creative studio unit as leadership and strategy shifts unfold.
MUMBAI: The streaming wars may be fought on screen, but the latest plot twist is unfolding behind the scenes. Netflix has reportedly begun laying off several dozen employees from its product division as part of an internal reorganisation, according to a report by Variety. The cuts are believed to have primarily affected the company’s creative studio unit, which works on marketing assets such as in app trailers, promotional visuals and live experience content for the streaming platform.
The company has not disclosed the exact number of employees impacted.
According to the report, the layoffs were not tied to employee performance. Instead, the restructuring eliminated certain roles while other employees were reassigned to different teams within the organisation.
The roles affected are understood to include designers, producers and creative specialists responsible for marketing and brand experience initiatives.
The job cuts come as Netflix adjusts its leadership structure and reshapes its product and creative teams. Last month, Elizabeth Stone was promoted from chief technology officer to chief product and technology officer, giving her oversight of product, engineering and data operations across the company.
Earlier, in December 2025, Netflix also appointed Martin Rose as head of creative for global brand and partnerships, a move seen as part of a broader restructuring of the company’s brand and product functions.
Despite the layoffs, Netflix remains one of the largest employers in the streaming sector. The company is estimated to employ around 16,000 people globally, with roughly 70 percent of its workforce based in the United States and Canada. In 2023, the company reported approximately 13,000 employees, indicating that its headcount had grown significantly before the latest restructuring.
The workforce changes arrive at a time when Netflix is navigating a shifting financial and strategic landscape in the global entertainment industry.
The streaming giant recently secured $2.8 billion in additional cash after receiving a breakup fee from Paramount Skydance following its withdrawal from a deal involving Warner Bros. Discovery.
Speaking to Bloomberg, Netflix co chief executive Ted Sarandos explained that the company had evaluated multiple scenarios during the negotiations but chose not to match the competing offer once it learned that a higher bid had been submitted.
Netflix had capped its offer at $27.75 per share and ultimately stepped back rather than pursue Paramount’s $111 billion acquisition deal, which included a personal guarantee.
Sarandos also cautioned that the financing structure behind the Paramount Skydance transaction could have ripple effects across the entertainment industry.
According to him, the debt heavy deal could trigger significant cost cutting, with David Ellison, chief executive of Paramount Skydance, expected to eliminate about $16 billion in costs and potentially cut thousands of jobs as part of the integration process.
For Netflix, the current restructuring appears to be part of a broader attempt to streamline operations while continuing to invest in product, technology and global content even as the streaming industry enters a new phase of consolidation and financial discipline.
