It is expected that in the company's 40th AGM meet, Mukesh Ambani is expected to again shock the incumbents with his new offers and deals.
The JioPhone will be available for pre-booking from August 24 from MyJio app and also physical retail stores.
Mukesh Ambani said, "I want to dedicate these 40 years of achievements and records to only one person, to our founder chairman Shri Dhirubhai Ambani".
Nitasha Shankar, Senior Vice-President and Head of Research, YES Securities, said the announcement on service offerings and the new phone would continue to act as a disruptive force for the telecom industry, which is already reeling under pricing pressure due to Jio's aggressive pricing plans. There are lot many impressive features in the phone which provides a lot more over a regular feature phone. Jio users can also stream music using voice commands and make calls and send texts in any language. The company is gaining about 7 subscribers per second since the day of its launch. It's tipped to includes 512 MB RAM. Jio phone comes with all regular options like SD card slot, Torchlight and FM radio found in a basic phone. The Bharat 1 4G feature phone is priced at Rs 1999 and is expected to hit the market in October. The iVoomi Me 4 phone comes with 4.5-inch FWVGA screen and the dual sim phone comes with a 5-megapixel rear camera, with LED flash support, and a 5-megapixel shooter at the front as well.
One more intelligent feature of the JioPhone is this feature phone can be used to watch movies or TV programs by connecting it to any TV. The phone supports JioTV and JioCinema apps. This is indeed a really innovative step forward and will help promote digital content even more. "Subsequently, these users will be expected to migrate to smartphones in the next two-three years", Navkendar Singh said. The user will get the Rs 1500 back when the device is returned after 36 months.
Jiophone will offer unlimited data and voice calls for Rs 153 per month. Those planning to buy the plan and the cable can opt for both together at Rs. 309.
Ambani said that in order to fit every pocket, those who can not pay Rs 153, the company also introduced two sachets - a weekly plan for Rs 53 and a 2-day plan for Rs 23 - that will provide similar value.