Indian Mobile Phone Market
The Indian mobile phone market is estimated to surpass Japan’s by way of 2014 end, attaining the $10 billion mark, Hong Kong-based market research agency Counterpoint has stated.
“The 0.33 biggest smartphone market India is on track to succeed in $10 billion (roughly Rs. 61,821 crores) in smartphone revenues for the primary time in 2014 and can surpass Japan in terms of the whole cell phone shipments income size in final quarter 2014,” Counterpoint Analyst Neil Shah said.
The associated fee-delicate Indian clients are actually shopping for top class iphone smartphone as its cargo in India has crossed over 1 million for the 1st time, as per the 1/3 quarter document of Market screen carrier of Counterpoint.
“The Cupertino seller (Apple) crossed 1 million devices of cumulative iphone shipments for the 1st time in its fiscal yr ever (October 13-September 14) for India market. It is a awesome feat for Apple because it captured almost half of the excessive revenue top class segment, taking share away from Samsung,” Counterpoint’ Senior Analyst Tarun Pathak said.
As per the document, Korean electronics giant Samsung led Indian smartphone market with 25.1 % share in July-September 2014 duration followed through Micromax with 20.4 % market share, Karbonn 9.6 %, Motorola 4.7 % and Sony 4.5 % share.
The opposite smartphone brands jointly accounted for 35.7 % market share within the 1/3 quarter, the document said.
Indian Mobile Phone Market to Surpass Japan’s by Year-End: Counterpoint
In over all cell handset market, Samsung again led Indian market with 15.1 % market share and was carefully followed by means of Micromax with 14.5 % share.
“Within the total mobile phone market (smartphones and feature telephones), it can be an awfully close race between Samsung and Micromax for the highest spot, as Samsung regained the lead from Micromax this quarter after the Indian dealer surpassed the Korean giant in 2nd quarter,” Pathak stated.
The report said that Motorola, Sony and Lava (with the exception of Xolo) are aggressively delivery their phones in India.
Motorola, Sony and Lava shipped greater than 1 million smartphones for the 1st time in India in a single quarter.
With simply two months of sales, Xiaomi raced to capture 1.5 % share of the Indian smartphone market and is on target to double their market share sequentially, as per the report.
Counterpoint estimates the cumulative Android One shipments to hit a million mark via the tip of the 12 months but will face tough competition from likes of Xiaomi and lengthy tail cell phone brands providing the identical specs even at lower cost points. The Indian cell phone market is estimated to surpass Japan’s by using 2014 end, achieving the USD 10 billion mark, Hong Kong-based market research firm Counterpoint has said.