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Sanders leads crowded 2020 Democrats field in total fundraising

FILE PHOTO: U.S. 2020 Democratic presidential candidate and Senator Bernie Sanders participates in a moderated discussion at the We the People Summit in Washington
FILE PHOTO: U.S. 2020 Democratic presidential candidate and Senator Bernie Sanders participates in a moderated discussion at the We the People Summit in Washington, U.S., April 1, 2019. REUTERS/Carlos Barria/File Photo

April 16, 2019

By Ginger Gibson, Amanda Becker and Grant Smith

WASHINGTON (Reuters) – In the crowded field of Democrats jockeying for the party’s 2020 presidential nomination, U.S. Senator Bernie Sanders has raised more money than his rivals, with more of it coming from small-dollar donors and more from outside his home state.

A Reuters analysis of first quarter fundraising reports filed on Monday found that while Democratic White House hopefuls talk about building their campaigns on “grassroots” or small donor support, only six of 15 amassed half their hauls from small-dollar donations.

And many candidates are still leaning on donors in their home states for larger checks. Nine Democratic candidates received the bulk of their contributions of $200 or more from their home states, the Reuters analysis found.

The analysis includes fundraising reports covering the first three months of 2019 by the candidates who launched their campaigns prior to April 1st. The field of candidates has since swelled, with 18 Democrats vying to win the party’s nomination to challenge President Donald Trump in November 2020.

Many Democrats have touted their support among so-called “small dollar” donors, those who give less than $200. But only six — Sanders, U.S. Senator Elizabeth Warren, former Congressman Beto O’Rourke, Mayor Pete Buttigieg of South Bend, Indiana, U.S. Representative Tulsi Gabbard, and Andrew Yang, a former tech executive — are relying chiefly on those small-dollar donors.

Sanders, of Vermont, benefited the most from small-dollar donors in the first quarter, with about 84 percent of his $18 million haul coming from individuals who contributed less than $200.

Sanders also had the most geographic diversity in his donations, with California donors accounting for 27 percent of his donations of $200 or more.

Early fundraising prowess can signal the strength of a candidate’s campaign. For example Buttigieg until recently did not have a national profile, but raised $7 million during the first quarter of 2019 – of which 64 percent came from small donations.

In a move to show they are serious about eliminating big money from politics, most Democratic presidential candidates have sworn off donations from corporate political fundraising committees. Some have nixed taking checks from registered lobbyists.

The Democratic National Committee announced earlier this year that small-dollar, grassroots support will be one of the metrics it uses to determine who qualifies to participate in a series of nationally televised primary debates that will begin in June.

Warren – the only candidate to also swear off attending big ticket fundraisers – reported that about 70 percent of the $6 million she raised in the first quarter was from small-dollar donors. Massachusetts donors accounted for 25 percent of contributions over $200.

O’Rourke reported that 59 percent of his $9.4 million was from donations of $200 or less. More than $2.1 million came from Texans who wrote checks of $200 or more.

On the other end of the spectrum, John Hickenlooper, the former governor of Colorado, raised only 10 percent of his donations in $200 or smaller contributions. There was also little geographic variation among his contributors, with more than 60 percent of donations over $200 coming from his home state.

U.S. Senators Cory Booker, of New Jersey, and Kirsten Gillibrand, of New York, each raised about 16 percent of their cash from small-dollar donors.

(Reporting By Amanda Becker, Ginger Gibson and Grant Smith; Editing by Michael Perry)

Source: OANN

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Family now charged in death of Georgia boy buried in yard

Five relatives charged in the death of a Georgia girl now faces charges in the death of her brother as well.

The Savannah Morning News reports their father, 50-year-old Elwyn Crocker Sr., their stepmother and three others are each indicted on two charges of felony murder, child cruelty and concealing a death.

Effingham County sheriff's investigators say a tip led authorities in December to the bodies of 14-year-olds Mary Crocker and Elwyn Crocker Jr, which were buried in their father's yard. Both had been homeschooled and never reported missing.

The indictment issued last week alleges that like his sister, Elwyn had been beaten, starved and kept in a dog crate.

The defendants are set to be arraigned next month.

___

Information from: Savannah Morning News, http://www.savannahnow.com

Source: Fox News National

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Lockout at Columbine, other Colorado schools triggered by ‘armed,’ ‘extremely dangerous’ woman: officials

Authorities in Colorado are on the lookout for an “armed” 18-year-old woman believed “to be extremely dangerous” after several schools were put on lockouts earlier Tuesday.

"Lockout means biz as usual inside buildings, entry/exit restricted," Jeffco public schools tweeted.

The Jefferson County Sheriff’s Office, along with the FBI’s Denver office, posted a plea on Twitter for information about Sol Pais, who they said made her way to Colorado on Monday night and “made threats.”

WISCONSIN TEEN WHO GUNNED DOWN GRANDPARENTS HAD ‘PLAN TO CAUSE HARM’ AT HIGH SCHOOL, OFFICIALS SAY

Authorities described her as a white female with brown hair who is about five-foot-five-inches tall. She was last spotted “in the foothills of Jefferson County” and was wearing a black t-shirt, camouflage pants and black boots, officials said.

The message to the public came hours after the sheriff’s office tweeted that they were probing what looked like “a credible threat possibly involving schools.” As a result, numerous schools in the Columbine area and Mountains were on a lockout, officials said, adding that all of the students were safe and authorities were on site.

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Among them was Columbine High School, school officials said on Twitter. The situation arose days ahead of the 20th anniversary of the deadly shooting that occurred there on April 20, 1999.

Authorities urged anyone with information to call the FBI tip line at (303) 630-6227 and cautioned against approaching the woman.

The Associated Press contributed to this report.

Source: Fox News National

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What if Turkey squeezed the London lira market to death?

FILE PHOTO: A merchant counts Turkish lira banknotes at the Grand Bazaar in Istanbul
FILE PHOTO: A merchant counts Turkish lira banknotes at the Grand Bazaar in Istanbul, Turkey, March 29, 2019. REUTERS/Murad Sezer/File Photo

April 9, 2019

By Marc Jones and Karin Strohecker

LONDON (Reuters) – Turkey’s authorities have shown over the past month they are capable of squeezing the life out of the $35 billion-a-day London lira market – but the cost of killing it off completely would be high for country itself.

The lira’s 2018 plunge triggered a deep recession, and President Recep Tayyip Erdogan’s government may see the attraction of suffocating an offshore market it believes to be a hotbed of destabilizing speculation.

Ankara knows that market greases the wheels of the $14 billion a year of foreign direct investment Turkey sucks in on average — nearly 60,000 companies had foreign capital there last year — not to mention helping to cover its $160 billion external funding gap.

Nevertheless, Erdogan frequently blames foreign “speculators” for sending the lira sprawling. That in turn squeezes payments and the refinancing of Turkish companies’ hard currency debts, sends household savings scurrying to dollars, ramps up inflation and interest rates and slams the brakes on the economy.

So pressuring local banks late last month to stop lending lira to overseas counterparts looked like a deliberate ploy and one that had a striking resemblance to a capital control.

The cost of offshore borrowing in the Turkish currency surged by more than 1,000 percent overnight, leading to pain for short sellers but a frozen market.

Some life returned last week, but Societe Generale’s head of emerging market strategy, Jason Daw, thinks the episode shows Ankara would like to nail it shut if only it could without completely choking investment.

“That seems to be the message, considering they squeezed the international positions so much,” he said, adding it was relentless volatility that irked Ankara.

However, the offshore market has existed comfortably for years. Investors like it because it can be easier to get credit lines with a JP Morgan, Barclays or Citi than a smaller Turkish bank in Istanbul or Ankara.

Bank of England analysis shows $35.8 billion worth of daily offshore lira trading was going on late last year. It was even bigger, at $56 billion a day, in April before the lira crashed 40 percent.

Offshore currency and swap markets are typically freer of heavy central bank influence than domestic markets, but they are still vulnerable to the ebb and flow of local currency liquidity. And this — as illustrated last month — is where authorities do retain an element of control.

Simply by shutting off its funding auctions for a while and maybe a bit of behind-the-scenes leaning on the local lenders, the central bank could spike the swap rates and briefly seize the market.

“The lira only stabilized once offshore interest rates rose significantly above onshore rates,” analysts at Goldman Sachs observed a few days afterwards as the recovery began.

For a graphic on Turkish lira in offshore markets, see – https://tmsnrt.rs/2I5F2ya

Interactive graphic on offshore lira trading: https://tmsnrt.rs/2I7ceFq

SHORT MEMORIES

The squeeze may have relented for now, but many countries, both emerging and developed, have periodically tried switching off speculation in offshore currency markets when battling currency runs in decades past. Thailand, Malaysia Argentina and Iceland are just a few examples.

The all tend to boil down to where households and companies are losing confidence in their country’s currency, but authorities don’t have the foreign-exchange reserves to fight the run.

Not only does Turkey need foreign investors to buy its debt and provide FDI, but FX reserves are looking thin, especially as Turks are now stashing away record amounts of dollars.

Aberdeen Standard Investments’ Kieran Curtis says that this hoarding means Turkey’s banks effectively have a surplus of dollars on their books but a shortage of lira.

He thinks for that reason Ankara won’t want to mess too much with the offshore market — it is crucial for balancing the mismatch. By spooking the market, bank transaction costs could easily rise. “It is not a sustainable business model,” he said.

Having a London lira market was also a symbol of “great importance” for Turkey’s free market credentials, said İbrahim Turhan, a former deputy governor of the Turkish central bank.

“The fight against speculative attacks will be made with rational policies and good governance, not bans,” he said.

Ankara would also need to make major improvements to bring more lira trading onshore. Authorities there have opened a local currency swap market under Borsa Istanbul which Turkish banks have started to use. But without foreign investors, traders say, the volumes won’t achieve the necessary scale.

It has backed away from offering non-deliverable forwards and there is no domestic interest rate swap market as there is not only in major markets but also in other emerging markets, such as Russia, Poland and Hungary.

So for now at least it looks like the international market will continue to recover, albeit with nagging worries about what happens next time the lira really lurches.

“It’s too early to say if people that got burned will come back,” said one senior FX trader in London. “But people tend to have very short memories. I am always surprised at how quickly people come back into the market.”

For a graphic on Forex held by Turkish local individuals hits record high, see – https://tmsnrt.rs/2CIv4OS

(Additional reporting by Nevzat Devranoglu in Istanbul and Tommy Wilkes in London; editing by Larry King)

Source: OANN

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Report: Roy Moore Leads Polling for Ala. GOP Senate Bid

Alabama just might be ready for a rematch pitting disgraced Republican Roy Moore against Sen. Doug Jones, D-Ala., according to The Hill.

The former state judge, Moore, leads Alabama three congressmen, ranking as GOP Senate candidate choice among 27% of Republicans polled by Mason-Dixon Polling & Strategy Inc.

"I'm seriously considering it," Moore said last month, per report. "I think that it [the 2017 Senate race] was stolen."

Among the leading GOP candidates, according to poll results:

  1. Moore 27%.
  2. Rep. Mo Brooks, R-Ala. – 18%.
  3. Rep. Bradley Byrne – 13%.
  4. Rep. Gary Palmer – 11%.
  5. State Senate President Pro Tem Del Marsh – 4%.
  6. Businessman Tim Jones – 2%.

Among the above, Rep. Byrne is the only candidate to have formally announced his intentions to run. Former Auburn football coach Tommy Tuberville and state Auditor Jim Zeigler also have announced but they were not options in the poll, according to the report.

Moore's campaign against Sen. Jones in 2017 was subverted by allegations he harassed and pursued teenage girls when he was in his 30s. Moore lost by just 22,000 votes, despite the controversy, which spread nationally.

With Sen. Jones' job approval rating at just 45% in the traditionally red state, just 40% of Alabama voters say they would vote to re-elect him, while 50% say they would vote him out, according to The Hill.

The Mason-Dixon poll surveyed 625 registered Alabama voters from April 9-11 with a margin of error of plus or minus 4 percentage points. The additional 400 Republican voters polled render a margin of error of plus or minus 5 percentage points.

Source: NewsMax Politics

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Kamala Harris gives awkward response when asked about Jussie Smollett claims

Democratic presidential candidate Kamala Harris appeared to be caught off guard Monday when she was asked about the latest developments in the alleged attack on "Empire" actor Jussie Smollett.

During an appearance at a bookstore in Concord, N.H., a female reporter asked the senator from California if she wanted to amend a tweet from Jan. 29, in which she said Smollett was the victim of "an attempted modern day lynching" and called the actor "one of the kindest, most gentle human beings I know."

"Which tweet? What tweet?" Harris asked. As the reporter specified the tweet in question, Harris appeared to look around for a campaign staffer before responding.

"OK, so, I will say this about that case," she said. "I think that the facts are still unfolding, and, um, I’m very, um, concerned about obviously, the initial, um, allegation that he made about what might have happened.

CORY BOOKER 'WITHHOLDING' JUDGMENT ON SMOLLETT CASE AFTER CALLING IT 'ATTEMPTED MODERN DAY LYNCHING'

"And it’s something we should all take seriously whenever anyone, um, alleges that kind of behavior, but there should be an investigation," Harris added. "And I think that once the investigation has concluded then we can all comment, but I’m not going to comment until I know the outcome of the investigation."

On Sunday, Harris' fellow senator and Democratic presidential candidate, Cory Booker, told reporters he would "withhold" judgment on the matter "until all the information actually comes out from on-the-record sources." Booker also referred to the alleged Jan. 29 attack on Smollett as "an attempted modern-day lynching" and pushed Congress to pass legislation making lynching a federal hate crime.

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Smollett, who is black and openly gay, claimed he was assaulted by two men who yelled racist and anti-gay slurs-- as well as the phrase "This is MAGA country!" -- as Smollett was walking to his Chicago apartment. Chicago police arrested and questioned two Nigerian brothers in the alleged attack, but released them on Friday without charges. Investigators said they've requested a follow-up interview with Smollett, but the actor's representatives said there have been no plans to meet with police for the time being.

The Chicago Police Department repeatedly has declined to confirm local media reports that the attack was staged.

Fox News' Mariah Haas contributed to this report.

Source: Fox News Politics

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N.J. Mulls Raising Gun Permit Fees From $27 to $550

New Jersey’s Democratic Gov. Philip Murphy is getting resistance from both sides regarding his budget proposal to raise gun permitting fees substantially, according to reports.

New Jersey will have even higher gun permit fees than New York if the governor’s fee increases, proposed in early March, make it into the state’s budget. A carry permit would be $400, an identification card $100 and a gun owner’s permit would be $50, The New York Times reported Monday. Currently, those fees are $20, $5 and $2, respectively, and have not been adjusted since 1966.

Democratic colleagues fear the increase will be viewed as another substantial tax increase, like several others New Jersey has recently enacted, the Trenton Bureau reported, including higher fees on Uber, gasoline, e-cigarettes and online purchases.

“I recognize fees have to be adjusted,” said Democratic Assemblyman John Burzichelli said in an interview April 3 with New Jersey 101.5. Calling the increase “a little bit steep”, he said: “[I] don’t want to see fees adjusted to a point that they become steep, that they may drive a person who would follow a legal process in a different direction because they can’t come up with the money that we’re now demanding they come up with.”

Murphy believes the increase in fees will discourage people from purchasing firearms, thereby reducing gun violence and lowering the number of illegal guns coming into the state. He wants the increased revenue to be applied to programs that combat gun violence.

“We can support the efforts of the attorney general, state troopers, county and local law enforcement, to do the stuff we need to do: track crime, track gun violence, combat trafficking of illegal guns,” Murphy said to The Times. “There’s no war on responsible gun owners.”

“I was in Jersey City,” the governor continued. “It’s at least $10 to get a dog license in Jersey City. It’s still $2 to get a permit to purchase a firearm in New Jersey.”


Colorado’s Senate passed the so-called ‘red flag bill’ that allows law enforcement to seize people’s guns if a court rules them at risk to themselves or others.

Some gun policy experts are not convinced raising fees alone will tackle illegal guns. Arguing that states with tighter restrictions attract illegal gun trade from states where the laws are more relaxed, John Jay College Criminal Justice Professor Daniel Feldman said, according to The Times: “Most crime guns in the Northeast are thought to come from the ‘iron pipeline’ from the South, and then they’re sold on the street.”

(Photo by Matthew & Jenny Truch | Flickr)

Everytown for Gun Safety, a group funded by former New York City Mayor Michael Bloomberg, said it does believe increased fees may decrease gun crimes. “We think it’s a smart way to legislate,” said Jonas Oransky, legal director for the group.

“We support strong data-driven intervention programs, and think that it makes sense to fund them by raising revenue from gun purchasers,” Oransky added, according to The Times.

Gun rights advocates have protested the higher fees. “You’re talking about sportsmen that are already paying hundreds of dollars a year in license fees,” Cody McLaughlin, spokesman for the New Jersey Outdoor Alliance, said according to the report. “This is clear bullying of law-abiding gun owners in the state.”

“I think what Murphy would want to happen is for every gun shop in the state of New Jersey to just close,” said Lisa Caso, owner of Caso’s Gun-A-Rama in Jersey City.

Murphy’s proposals include a firearms tax of 2.5 percent and an ammunition tax of 10 percent. Discussions are ongoing and will not be finalized until the state legislature passes its budget, which is required by June 30.


Alex Jones describes how our ancestors’ tribal call to war is sounding out yet again, this time for the information war, and we must fight all tyrannical, oppressive ideas to truly defeat globalism worldwide.

Source: InfoWars

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A California man who allegedly fatally shot his ex-girlfriend in broad daylight last month before fleeing the country has been returned to the U.S. following his arrest in Mexico on Wednesday, authorities said.

Julio Cesar Rocha, 25, of Montlcair, is accused of shooting his 25-year-old ex-girlfriend Thalia Flores and a second unidentified male victim March 21 around 2:45 p.m. while the two were sitting in a vehicle in the parking lot of a discount store in Chino. Both communities are about 36 miles east of Los Angeles.

ARREST MADE IN DOUBLE HOMICIDE OF EX-PRO HOCKEY PLAYER, COMMUNITY ADVOCATE, POLICE SAY

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores.

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores. (City of Chino Police Department)

Flores died at the scene. The man, whose name was not released, walked to a nearby hospital where he’s recovering from his gunshot wounds.

Rocha allegedly fled the scene and remained at large for more than a month, the Daily Bulletin reported. He was formally arrested at 4:30 p.m. after arriving at Los Angeles International Airport from Mexico, KTLA-TV reported.

The suspect was booked at the West Valley Detention Center in Rancho Cucamonga on murder and attempted murder charges, the City of Chino Police Department said on Facebook.

Flores ended her seven-year relationship with Rocha just two months before her death and still lived in fear of him until that point, a sister of the victim, Bernice Flores, told the Daily Bulletin.

“He said himself so many times to other people, ‘If I can’t have her, no one will.’ ” Flores said, adding that her sister stayed in the relationship longer that she would have liked in fear that Rocha would hurt her or her family if they broke up.

Rocha was convicted on misdemeanor battery in 2016 and sentenced to 60 days in prison. He was originally charged with misdemeanor assault with a deadly weapon, but the charges were lowered in a plea deal, the Daily Bulletin reported.

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Rocha was convicted of misdemeanor resisting or obstructing a peace officer in 2014. A second charge of misdemeanor battery was dropped in a plea deal, and Rocha was ordered to complete a 26-week anger management course, according to San Bernardino County Superior Court records. Rocha was later arrested and sentenced to 10 days behind bars for failing to complete the course.

Source: Fox News National

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

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Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

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It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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