Indian smart-phone market grew by 23%

Buoyed by pent up demand, the local smart phone market grew by an 23% over a year sooner in the January-March quarter. Thus, shipment of smartphones touched 38 million units uncommon for the quarter a report by expert firm Counterpoint Research appeared.

“Proceeding with its stellar run, India’s smartphone market enrolled a third successive quarter of record shipments in the primary quarter of 2021, riding on pent up demand. buyer certainty likewise expanded because of the start of an vaccination drive in the nation”, said Prachis Singh, investigator at Counterpoint.

With a 14 percent ascend in shipment of feature phones during the time frame, the general handset market enrolled 19% year-on-year (y-o-y) growth. Strong shipment numbers of Reliance’s JioPhone drove the feature phones market, while Chinese merchant Itel drove the market with a 21 percent share.

In the smartphone space, market lender Xiaomi saw a strong demand for its handsets and needed to grow local sourcing capacity by cooperating with two Chinese makers BYD and DBG.