India is now the world’s 3d largest smartphone market

India is now the world's 3d largest smartphone market

During the first quarter of this year, India became the third largest smartphone market after China and United States. In the first three months, Indians bought more smartphones than users in Japan, who until that point held the third spot.

Among the brands that dominate the local landscape are major companies like Samsung, Nokia and Apple, as well as a number of local players such as Micromax, Karbonn and Spice. These domestic players are especially interesting as they keep growing like it’s nobody’s business, experiencing 200-500 growth on an annual basis.

According to Strategy Analytics‘ figures, some 10 million smartphones were shipped in India during Q1, almost tripling from 3.8 million a year earlier. And that’s just a start with India currently growing four times faster than the global average, 163 versus 39 percent. Yup, that’s faster than China, which is growing at still-impressive 86% per year.

In that sense, Strategy Analytics’ Executive Director Neil Mawston thinks that no smartphone vendor, component maker or apps developer can afford to ignore India…

[Image from MSN]

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