SME Times is powered by   
Search News
Just in:   • Biden administration forgives $4.7 billion loans to Ukraine  • Women entrepreneurs driving innovation, growth in gem & jewellery sector: Smriti Irani  • India’s export outlook brighter as manufactured goods gain share: RBI  • India’s consumer durable makers to log 11-12 pc growth in FY25  • SEBI’s proposal on SME IPOs: striking a delicate balance 
Last updated: 27 Sep, 2014  

India Becomes World's 3rd Largest Smartphone Market in Q1 2013

PR Newswire | 27 Jun, 2013
Strategy Analytics: India Becomes World's 3rd Largest Smartphone Market in Q1 2013

BOSTON: According to the latest research from Strategy Analytics, India overtook Japan to become the world's third largest smartphone market by volume for the first time ever in Q1 2013. Samsung, Micromax and Apple are among the major brands leading the Indian smartphone market.

Linda Sui, Analyst at Strategy Analytics, said, "We estimate 10.0 million smartphones were shipped in India during the first quarter of 2013, almost tripling from 3.8 million units a year earlier. India overtook Japan to become the world's third largest smartphone market by volume for the first time ever in Q1 2013, following China and the United States."

Neil Shah, Senior Analyst at Strategy Analytics, added, "India is growing four times faster than the global average. Worldwide smartphone shipments expanded 39% year-over-year, compared with 163% YoY across India, during Q1 2013. The Indian smartphone market is rising quicker than China (86% YoY), Japan (24% YoY), the US (19% YoY) and almost all other major countries."

Neil Mawston, Executive Director at Strategy Analytics, added, "India is the new China. India is a low-penetration, high-growth market that no smartphone vendor, component maker or apps developer can afford to ignore. Key brands driving the smartphone boom in India include foreign firms such as Samsung and Apple. But it is domestic players who are seeing the fastest growth. For example, we estimate Micromax, Karbonn and Spice are growing between 200 and 500 percent on an annual basis."

Exhibit 1: India and Global Smartphone Shipments in Q1 2013

Global Smartphone Shipments (Millions of Units)

Q1 '12

Q1 '13

India

3.8

10.0

Rest of World

150.0

203.9

Total

153.8

213.9




Global Smartphone Shipments : % of Total

Q1 '12

Q1 '13

India

2.5%

4.7%

Rest of World

97.5%

95.3%

Total

100.0%

100.0%




Global Smartphone Shipments Growth : Year-over-Year %

Q1 '12

Q1 '13

India

~

163.2%

Rest of World

~

35.9%

Total

~

39.1%




Source: Strategy Analytics



 

The full report, India Becomes World's 3rd Largest Smartphone Market in Q1 2013, is published by the Strategy Analytics Handset Country Share Tracker (HCST) service, details of which can be found here: http://tinyurl.com/le4rut3.

About Strategy Analytics:

Strategy Analytics is a global, independent research and consulting firm. The company is headquartered in Boston, USA, with offices in the UK, France, Germany, Japan, South Korea, India and China. Visit www.strategyanalytics.com for more information.

Americas Contact:
Linda Sui / +1 617 614 0735 / LSui@strategyanalytics.com

EMEA Contact:
Neil Mawston / +44 1908 423 628 / NMawston@strategyanalytics.com

Asia Contact:
Neil Shah / +1 617 614 0727 / NShah@strategyanalytics.com

 

SOURCE Strategy Analytics

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Will the new MSME credit assessment model simplify financing?
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter