Google, a subsidiary of Alphabet (NASDAQ:GOOGL), is working hard to increase its footprint in India by leveraging its favorable market conditions and technological prowess.
They have just extended their collaboration with the vast Indian company Reliance, which is evidence of those mentioned above.
It’s worth noting that Alphabet (NASDAQ:GOOGL) and Reliance are getting ready to release a low-cost 5G smartphone in India. This cutting-edge smartphone will have the lowest price tag of any in India.
Gains from the Change
Due to the urgency of having constant access to information in the wake of the pandemic, both corporations have joined to provide Indians with a super-cheap smartphone.
This change will significantly impact the segment of the Indian population that cannot afford a high-end smartphone at this time.
The highlighted smartphone will help Reliance and Google increase their foothold in the booming Indian smartphone industry.
From $139 billion in 2021, ResearchAndMarkets predicts the Indian smartphone market will grow at a CAGR of 10.5% to $281 billion by 2028.
We anticipate that the debut of this 5G smartphone, with its cutting-edge features and low price point, would increase rivalry among established smartphone manufacturers like Apple, Samsung, One Plus, OPPO, Vivo, Motorola, Xiaomi, and realme.
Connecting Deeper With Reliance
The continued success of Alphabet’s (NASDAQ:GOOGL) collaboration with Reliance is reflected in this latest agreement.
Jio Platforms, Reliance’s digital arm, introduced the JioPhone Next last year.
Notably, the OS on the JioPhoneNext is an enhanced version of Android. In addition, it has the Google Assistant, a high-definition (HDR) camera, augmented reality (AR) filters, HDR support, translation into and out of several languages, and the ability to have text on the screen read aloud to you.
In addition, Google and Jio Platforms have teamed up for the 5G push through a cloud alliance. In particular, Jio Platforms makes use of Google Cloud’s artificial intelligence (AI), machine learning (ML), e-commerce (e-commerce), and demand forecasting (demand forecasting) technologies to facilitate the introduction of 5G services.
We expect the deeper relationships between Alphabet (NASDAQ:GOOGL) and Reliance to help Alphabet get into the expanding Indian telecom sector. Alphabet’s brighter future in India, where digitization is at its pinnacle, could encourage investors to buy the company in the coming days.
Regarding price performance, Alphabet (NASDAQ:GOOGL) underperformed the market by 24.8% year-to-date compared to the market’s overall loss of 28.0%.
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