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Smartphone Shipments in India Grew 15 Percent in Q2 2016: Counterpoint

Smartphone Shipments in India Grew 15 Percent in Q2 2016: Counterpoint 5u5z12

By Indo-Asian News Service | Updated: 29 July 2016 16:29 IST

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Smartphone shipments in India grew a healthy 15 percent in the second quarter this year compared to the global smartphone market which grew a mere three percent, market research firm Counterpoint Research reported on Friday.

"LTE smartphones which grew 264 percent, Chinese brands 80 percent and devices in the $100-$150 price band 48 percent year-on-year were the key major growth drivers for the smartphone market," said Karn Chauhan, Research Analyst, Counterpoint Research. 455v28

Chinese brands' capture almost 27 percent combined share of the total smartphone market driven by brands such LeEco in the country, added Chauhan.

This was a great quarter for "Make in India" initiative as number of brands manufacturing/assembling domestically jumped from 10 brands to 35 brands - contributing to almost 70 percent of the total smartphones production volume in the second quarter.

But lack of component ecosystem is still a barrier to increase local value addition, the report noted.

Intex stood third.

Motorola) maintained the fourth spot.

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