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India on the Verge to Become Next China

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India’s appetite for smartphones is increasing exponentially and is on the verge of becoming next China. The country imported 24.9 mn smartphones in 1st quarter of 2016, a growth of 23% over previous quarter. The high rate of smartphone adoption has caused Chinese manufacturers such as Xiaomi, OnePlus, Oppo, Vivo and Lenovo to venture out of their home market and make inroads in India.

“There is a massive opportunity for every player in the mobile value chain when the second largest market by volume is still under-penetrated and growing, while the rest of the world’s smartphone demand has waned. India is the next China,” said Peter Richardson, research director at Counterpoint Research. Read more

 

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Sweekar S

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