Sony is aiming at a 40 per cent share of the camera market by 2010-11 against a 35 per cent slice of the market now, Sony India Senior General Manager Sunil Nayyar said.
He was here to launch the NEX 5 and NEX 3 series, which he claimed to be the world's smallest and lightest interchangeable lens digital camera. “They narrow the gap between professional and consumer segments.”
Mr. Nayyar also said that Sony's digital camera sale was poised to jump from Rs.600 crore now to Rs.900 crore in fiscal 2011, when the company plans to sell 40,000 units. Camera, LCDs and laptops constitute the three main segments of the company's business.
He said that while the market share increased by about two per cent during last fiscal, a five per cent incremental share was achievable in the current fiscal. The Indian camera market is valued at Rs.1,750 crore and is expected to touch Rs.2,250 crore in 2011-12. While 2.5 million units were sold in 2009-10, the figure is projected to increase to 3.3 million units next fiscal.
Mr. Nayyar said that channel expansion, product innovation and marketing investments had catapulted the company to the leadership position. There are at present six major players in the digital camera segment. He said that a Rs.25-crore spend had been earmarked towards marketing activities in camera.Sony currently has 35 per cent market share in the country's total camera market of 2.2 million units. "We are aiming to capture 40 per cent share of total camera market," he said.
Growing by 35 per cent annually, the country's total camera market is pegged at Rs 1,750 crore in 2009-10 and is expected to reach Rs 2,250 crore in current fiscal. Sony today unveiled new range of digital cameras , priced at Rs 29,990 and Rs 34,990 here and expects new models to contribute 15 per cent to the company's total sales.
"We expect to sell 40,000 units of new range of cameras which will contribute 15 per cent to Sony's camera business," he said.
"We believe that these cameras would surely create excitement among Indian consumers who are dynamic and receptive to new products," he said.
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