The Gross Developments in the Indian Smartphone Market

Technology, being the major development in our life is driving our lives at a fast pace. With the advent of new technology, now people have the urge to stay upgraded on every technological aspect; Which is why smartphones have taken over the responsibility to keep us updated every moment. And if talking in the context of the Asian countries, India is overtaking the global smartphone market by storm. Major reasons for such great developments are ‘The Whopping Smartphone market’ : India has the fastest growing smartphone market in the world and the stats prove that around 27.5 million devices have been sold in the second quarter of 2016. So, the probability according to Ericsson Mobility Report is that the mobile subscriptions are expected to hit 1.4 billion by 2021. Also, these reports states that India is on the constant move to incur gross profits from this sector by the end of 2020.

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