Indian consumers are dumping smartphone purchases during the festive season. Leading e-commerce companies, Amazon and Flipkart, have seen record sales on the first day of this season. Amazon Great Indian Festival Sale for Rs. The company has sold premium smartphones worth Rs 750 crore. In just 36 hours, the record announced the sale.
Amazon: Walmart-owned Flipkart says sales of the Big Billion Days have doubled on the first day. The premium brands OnePlus, Samsung and Apple have reported sales of smartphones exceeding Rs 750 crore in 36 hours. Amazon Global Senior Vice President and Country Head Amit Agarwal said they had the largest opening day sales. The beauty and fashion sector has seen a 5-fold increase in sales and grocery sales of over 7 times. About 91 percent of its new customers, Tier 2 and 3, are cities.
Flipkart : Flipkart has nearly the same amount of sales. The Big Billion Days sales were twice as high as last year. Flipkart CEO Kalyana Krishnamurthy saidsales of fashion, beauty and furniture were good. Sales of mobiles and other electronics are expected to rebound on the second day. According to the latest reports, the two companies are likely to earn more than $ 5 billion in sales this festive season. Companies like Snapdeal and Club Factory continue to have the same Josh. Amazon and Flipkart festival sales are due to end on October 4. Traders body SIIT alleges that the e-commerce company is making a huge loss to the government through the GST with discounted sales rather than the actual market price during the festival sales.
0 Comments