According to a Hon Kong based market research firm Counter Point, Indian mobile phone market is estimated to beat the Japan’s by 2014 end, reaching USD10 billion.
According to an analyst of Counterpoint, India which is third largest smartphone market is on way to get USD 10 billion revenue from smart phone sale in the year 2014 and will beat Japan in terms of the total mobile phone shipments revenue size in last quarter 2014.
The price-sensitive Indian customers are now buying premium iPhone smartphone as its shipment in India has crossed over 1 million for the first time, as per third quarter report of Market Monitor service of Counterpoint. As per the report, Indian customers are now buying premium iPhone Smartphone as its shipment India has crossed over 1 million for the first time.
According to the report, Korean electronics giant Samsung led Indian smartphone market with 25.1 per cent share in July-September 2014 period followed by Micromax with 20.4 per cent market share, Karbonn 9.6 per cent, Motorola 4.7 per cent and Sony 4.5 per cent share.
The other smartphone brands jointly accounted for 35.7 per cent market share in the third quarter, in which it is surprising to see that, with just two months of sales, Xiaomi raced to capture 1.5 per cent share of the Indian smartphone market and is on track to double their market share sequentially, as per the report.
In over all mobile handset market, Samsung again led Indian market with 15.1 per cent market share and was closely followed by Micromax with 14.5 per cent share.