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JIO PHONE 3

                                                         
                                                       IF JIO PHONE 3 RELEASE?



India’s newest and only profitable telecom operator Reliance JioInfocomm Ltd is expected to show improved revenue on the back of strong subscriber additions, but its average revenue per user (ARPU) may decline given that a chunk of these additions comprise low-paying users.
Jio’s parent Reliance Industries will announce its financial results for April-June quarter later today. Jio had reported a profit of ₹8.4 billion for the March quarter on an operating revenue of ₹111 billion. It had a subscriber base of 306 million as of March end.
Goldman Sachs expects Reliance Industries’ telecom arm to report a revenue of ₹119 billion with 329 million subscribers, while ARPU is expected to drop to ₹125.
Though Jio has witnessed a continuous drop in its average monthly billings over the past five quarters, it still outperforms its rivals on this metric. From Rs154 in the December 2017 quarter, Jio’s ARPU fell 15.6% to ₹130 in the same quarter in 2018 and to ₹126.2 in the March 2019 quarter.

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