Thursday, May 17, 2012

Handset market Shrinks Worldwide , grows in India


The Indian mobile handset market saw a growth of 6 percent in the first quarter of 2012, while the global worldwide sales dipped by 2 percent, says market research firm Gartner.

According to Gartner, mobile devices sales in India are estimated to hit 231 million units this year, which accounts for 8.5 percent annual growth, as compared to 231 million units sale in 2011. The Gartner report also highlights the mobile companies have increased the price of the devices by 3-5 percent in last quarter, as the Indian rupee continued to weaken against the US Dollar.

Globally the mobile handset sales have dropped by 2 percent -- first time since 2009 there's been decline in sales of mobile phones, says Gartner. Also, Samsung has surpassed Nokia, for the first time to become no.1 cellphone brand in April.


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