India Overtakes US to Become Second Largest Smartphone Market: Report

India overtake the US to become the world’s second-largest smartphone market, trailing only China, according to a new report by analyst firm Canalys.

In the second quarter of 2017, India’s smartphone market recovered quickly with shipments growing 23% year-on-year in the third quarter to reach just over 40 million units. Low smartphone penetration and the explosion of LTE (long term evolution, or 4G) are the main drivers behind this.
Important Takeaways from Above News for RRB PO Mains Exam-
  • The top five vendors Samsung Electronics, Xiaomi Inc., Vivo Electronics Corp., Oppo Electronics Corp. and Lenovo Mobile Communication Technology Ltd now accounting for 75% of total shipments in India.
  • Samsung and Xiaomi accounted for almost half of the total market in Q3 2017.

Source- Livemint