India has been ranked the third largest smartphone market in the world pushing down Japan, a new study has revealed.
According to Express.co.uk, the study by market research experts Strategy Analytics has found that India has moved ahead of Japan as during the first quarter of 2013 smartphone sales in India increased by 163%.
The study revealed that the increase in sales is due to the improved distribution networks for Samsung, Apple and Indian firm Micromax and the key brands driving the rise include foreign firmsSamsung and Apple.
However, the study pointed out that domestic players are experiencing faster growth such as Micromax, Karbonn and Spice which have grown between 200% and 500% on a yearly basis.
The report added that leading India in the smartphone market are China and America.
Via: TOI
The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems…
The world of business is experiencing a massive transformation with the integration of rapid technological…
In the age of escalating energy demands and environmental concerns, smart metering is a solution…
The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking…
Reddit's iconic AMAs (Ask Me Anything) just got a major upgrade. The social media company…
Problem formulation and prompt engineering skills are vital in today's fast-paced world. As AI systems,…
