Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Apple was the leading 4G LTE smartphone vendor in the country with a 45% market share during the fourth quarter of 2014, market research firm CMR said on Wednesday.
The firm said that HTC stood at the second spot at 19% share, followed by Samsung at 16% market share.
The total 4G LTE device shipments in the country touched 1.06 million units during the quarter. The total LTE device shipments include smartphones, tablets and datacards with shares of 96%, 3% and 1%, respectively.
“Apple enjoyed the early mover advantage and thus led the space during the fourth quarter. With players like Samsung and HTC also shipping LTE devices, the contribution of global brands to the overall India LTE device market stood at 83%, while the rest was contributed by Chinese brands,” Vikrant Singh, analyst, CMR Telecoms Practice, said in a statement.
Micromax was the only India brand that shipped LTE smartphones during the fourth quarter, marking the entry of Indian brands into the LTE device space, albeit with a marginal share of 0.1% of the total during the quarter. Click here to read the full post