Launch of Reliance JioPhone Next has been postponed because of a scarcity of chips.

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Launch of Reliance JioPhone Next has been postponed because of a scarcity of chips.

 JioPhone Next

JioPhone Next

The JioPhone Next, the much-awaited smartphone designed by using Google and India’s Jio Platforms to tap heaps of millions of customers in the world’s second-largest net market, won’t launch on A spokesperson for India’s largest IT firm confirmed the news around midnight on Thursday.

In a announcement issued just now, Jio Platforms stated it has been checking out the smartphone with a “limited set of users for in addition refinement” and is “actively working to make it reachable extra widely” round the time of Diwali festival, which is scheduled for early November.

The Indian firm, which operates the largest telecom community with over four hundred million subscribers, blamed international semiconductor shortages for the launch prolong and stated it expects the extra two months “will” mitigate that.

The JioPhone Next smartphone, unveiled in June this year, used to be scheduled to launch on Friday. Neither of the companies had given any indication in recent days that they may additionally have to postpone the launch. Many of the companies are still devoted to their vision, which is to provide new opportunities for hundreds of thousands of Indians, especially those who will use the internet.

Mukesh AmbReliance Industries chairman Mukesh Ambani unveiled the JioPhone Next at a cricket match in June of this year, making him India’s richest man. Jio Platforms

Powered by means of “extremely optimized Android” cellular operating system, the JioPhone Next cellphone is marketed to be an “ultra-affordable 4G smartphone” to faucet the roughly 300 million users in India who are nevertheless on slower networks. The two firms have said that they layout to eventually launch the smartphone in other markets as well.

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At an tournament in June, the two companies stated the JioPhone Next will function a “fast, first-rate camera” which will help HDR, and will be blanketed by the modern Android releases and security updates. It will additionally ship with a vary of features, including Read Aloud and Translate Now that will work with any text on the telephone screen, inclusive of web pages, apps, messages and even photos, the two corporations have said.

Last week, several experts said it was possible to upset India’s smartphone industry with the JioPhone Next — whose price and technical specs have not yet been announced. second biggest in the world — would further consolidate the telecom network’s supremacy in the country.

According to Jio’s “smart” featurephone, JioPhone, there are 430 million smartphone users in India, as well as 320 million featurephone (2G) users.“That leaves 25% of smartphone users, i.e. one hundred and five million smartphones, one hundred fifteen million JioPhone customers and 320 million featurephone users as the addressable market for JioPhone Next.With a two-year replacement cycle for smartphones and three-year replacement cycle for JioPhone/featurephones, the addressable market for JioPhone Next should be 200 million units yearly.”

The smartphone is the cutting-edge collaboration between the two firms. Last year, Google invested $4.5 billion in Jio Platforms and that’s where it first introduced the plans to strengthen low priced smartphones with the Indian telecom operator. Facebook and ratings of different companies have also offered stakes in the Indian firm. Jio Platforms operates a range of businesses, which includes telecom massive Jio Infocomm, which competes with Airtel and Vodafone Idea; and e-commerce association JioMart, which competes with Tata-owned BigBasket, SoftBank-backed Grofers and Amazon and Walmart’s Flipkart.

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