Telecom Sector Q2 Update - JioPhone Next – Throwback To JioPhone Launch: ICICI Securities
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ICICI Securities Report
Reliance Jio’s much awaited handset, JioPhone Next, will be available from Diwali (November 4, 2021) on upfront payment of Rs 1,999 and easy instalments across 18/24 months.
Our calculations suggest the price is not disruptive, but comes with rich voice-first features.
Pricing of the underlying services is also comparable, or at a premium to existing tariffs, which supports our argument for an early tariff hike.
Our learning from JioPhone is that RJio will subsequently make the product more attractive with normalisation of the supply chain.
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