India is not only the largest smartphone market in South-Asia but also one of the largest markets in the world. We Indians have proved our metals in all scientific, technological, cultural and art fields and have been able to many folds our economy. Today India has one of the fastest growing economies in the world and is ready to take-on world leaders like the USA, Russia, and China to compete for world dominance in terms of growth and economy.
The smartphone industry of India might surpass the USA as the world's second largest smartphone market. The country has already shown a massive increase in mobile phone sales, capitulating all international smartphone manufacturers to invest their fortunes in the country. Though the Indian market is its growing stage, the market has been seeing some latest trends with respect to its preference for smartphones. Mobile prices in India remains one of the fundamental drivers of mobile phone sales in the country. The 3rd largest smartphone market is largely composed of consumers that prefer smartphones with price tags of 100 to 300 USD. This segment of the Indian market accounts for over 90% market shares, which shows the influence of mobile prices in India.
Recently, we have seen a surge in sales of Chinese manufactured or Chinese based smartphones in India. The experts argue that the lower prices, high-end specifications and ease of availability all accounts for a meteoric increase in sales of Chinese based smartphones in India.Huaweithe Chinese leader in the smartphone industry leads the Chinese smartphones market in India with Xiaomi,ZTEand other brands following its footsteps.
Mobile prices in India tend to vary from brand to brand and many Indian brands have seen this as an opportunity to launch made in India smartphones. Mobile prices in India for locally manufactured smartphones are expected to be on a lower side that will further aid the growth of the Indian Economy. Reliance the Indian business tycoon has already entered into the smartphone market with its handsets. Though the company has not been able to grab much success, nonetheless it has entered the industry.
Talking about smartphone leaders with respect to share volume,Samsung leads the race with an over 40% share in the market. The company has been leading many Asian markets thanks to its seriously effective marketing and technological teams. Apart from its flagship product Galaxy S series the company has launched different affordable series J series & On series. These series are specifically launched to captivate economic users within the price range of 100 to 300 USD. Lower Samsung mobile prices in India coupled with its quality and repute contribute to the company's success in the Indian market.
We all love smartphone and what can be better to have low mobile prices in India with some enhanced features! We are sure to attract more and more smartphone manufacturers with some pretty awesome features. Moreover, it is believed that in the future as 4G technology becomes the norm, people will switch to higher mobile prices in India with 4G features. Until then we can enjoy affordability and technology simultaneously.