India Passes Japan To Become Third Largest Global Smartphone Market, After China & U.S.
Was only a matter of time…
India pushed past Japan to become the third largest global smartphone market in Q1, according to a new report by Strategy Analytics. The analyst notes it’s the first time ever that India has moved up into third place. The top two worldwide markets for smartphones remain China and the U.S.
Smartphone makers including Apple, Samsung and local Indian mobile maker Micromax (an Android OEM), are driving higher volumes in the country thanks to improved distribution networks, according to the analyst.
Strategy Analytics said India is growing four times faster than the global average,with 163% year on year growth across India in Q1, compared to worldwide smartphone volumes expanding 39%. It noted that India’s market is rising quicker than China (86% YoY), Japan (24% YoY), the US (19% YoY) — and “almost all other major countries”.
The rise of India as a smartphone powerhouse is not surprising — given its huge…
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