India Leaves Japan Behind, Becomes The Third Largest Smartphone Market In The World
Bangalore: All thanks to the increasing demand for Smartphones and their affordability in India, the country has surpassed Japan to reach the podium as world’s third largest Smartphone market, following U.S., placed at first and China at second position, according to a new report by Strategy Analytics.
The Smartphone makers like Samsung, Apple and the indigenous mobile manufacturers like Micromax are driving the higher volumes in the country, reports Tech Crunch.
The Strategy Analytics report also mentions that the country is growing four times faster than the global average, with 163 percent year on year growth in Q1, compared to worldwide Smartphone volumes expanding only 39 percent. It also added that India is rising quicker than China, 86 percent YoY; Japan, 24 percent YoY, and the US, 19 percent YoY — and “almost all other major countries”.