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Growth of Indian Smart Phone market by 23 % amid flat global growth

Indian Smart Phone Market up by 23 percent though the global smart phone market is flat. (Image Courtesy: Google)

There is currently declining or the constant demand for the smart phones in the world market as it seems to be saturated with the same. Despite of the saturation of most of the countries, country like India is still growing over the smart phone market by 23 percent. This growth is been seen in the first quarter of 2016, being surpassing the US and becoming the second largest country in terms of the smart phone users although it remained flat globally.

Top five smart phone vendors, their shipments, market share and even their year over year growth. (Image Courtesy: Google)
Top five smart phone vendors, their shipments, market share and even their year over year growth. (Image Courtesy: Google)

Surpassing USA: Becoming the second largest Smart Phone Market

Counterpointing over the same Research Director Peter Richardson commenting over the same says that, India which surpassed USA to become the second largest smart phone market in terms of users has continued to register strong demand for smart phone. Looking at this one can definitely say that there is been great opportunity for the every player in the mobile market. It is been the second largest market in terms of the volume and is still being penetrated and in growing pace, when the demand from rest of the world has been waned.

Further adding over the same he says that India is the next China, where more than a billion smart phones is being sold over the last five years. This particular concept will be driving the number of the smart phone users from about quarter of a billion to half of a billion during the same period of time. Along with that the introduction of 4G LTE network infrastructure will also be playing a key catalyst over the adoption of the smart phone in the coming years. The shipment of the smart phones has remained quite flat at 344 million units during the month of January-March which is quite being impacted by the weaker demand in the China and Brazil and also in the parts of the Europe.

Percentage growth in the shipment of the different smart phone companies. (Image Courtesy: Google)
Percentage growth in the shipment of the different smart phone companies. (Image Courtesy: Google)

Contribution of the different Smart Phone divisions

It also quite added that this is being the first time after the launching of the smart phones that this particular segment has not seen any of the significant growth. Samsung has led the Indian smart phone tally with about 29 percent of the share. Even the Reliance Jio, which has forayed into the market this particular quarter with its brand Lyf which is being cornering 7 percent of the share. Report adding over the same says that, We estimate, this quarter strong shipment was more of channel filling, the actual sell through will happen in Q2 2016 as the operator starts full fledged marketing and promotional activity.

Lyf is also becoming the second largest LTE phone supplier being surpassing the Micromax and Lenovo during the term of January-March 2016. Others been included into the list includes Micromax (17 percent), Intex (10 percent), Lenovo (8 percent) and Karbonn (5 percent). Apple has also recorded the 62 percent of the growth during the first quarter from a period of year ago. Thus they have been registering back to back sequential growth despite of the negative results of the growth globally for the case of iPhones.

Counterpointing over the same Senior Analyst Tarun Pathak says, The demand for LTE smart phones remained strong as two out of three smart phone shipped was LTE capable.

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