Samsung Owns 45 Pct of High-End Smartphone Market in India

BANGALORE: South Korean Electronics firm, Samsung, reportedly possess 45 percent of the smartphone market in India within the price band above 40,000, reports Yahoo.

Products surpassing the price band of 30,000 are regarded as premium.  Samsung has its biggest network in India comprising of 150,000 retail outlets and 2,100 exclusive stores.

"According to data released by market research firm GfK till July 2015, Samsung has over 45 percent market share of smartphones in India in the price band of 40,000 and above," said Asim Warsi, VP  at Samsung India , IT and mobile, on the occasion of launch of the company’s next phablet - the Galaxy Note 5phone.

 The company is expected to come with something big in the wearable segment, soon. On being further inquired about the company’s line of plans for products in the wearable and OS segment, Warsi said, "We will soon make a big announcement regarding wearables, mostly concentrated around the new developments on the Samsung Gear S2."

Samsung’s Gear S2 was rolled out at the pre-IFA event in Berlin.

The company’s smartphone operating system Tizen is all ready to run on its devices. Reportedly, the device would be Samsung’s first attempt at making Tizen- based wearable which is believed to have a compatibility with iPhone.

On the other hand, the rival tech- player Apple is also expected to make an announcement about its wearable device on September 9.

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