India Smartphone segment achieved 14% QoQ Growth

01:07:00
Based on IDC report, India Smartphone shipment reached 6.1 million units at the end of Q1, FY2013 achieving growth of 14% QoQ. The increase in shipment volume got major boost with Samsung offer, Micromax successful Canvas Series of Smartphone and Karbonn $200 smartphone positioning. Based on the Smartphone player’s strategy to launch multiple device in Sub $200 range is going to propel higher adoption by new customer and in replacement cycle mode. I would not be surprised if the growth and volume if going to be captured by domestic Smartphone player. It is also expected that based on the trend of Q1,FY13 smartphone shipment, the total FY 13 smartphone shipment is going to overshoot previous estimate of 27.8 million unit shipment by IDC analysts.

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