high-end phone marketplace Set to grow in India in 2016: CMR

High-End Smartphone Market Set to Grow in India in 2016: CMR
The high-end telephone market is predicted to develop 19 percentage in 2016 from 15 percentage the previous year as increasingly customers are upgrading to premium devices from top brands like Samsung, Apple and OnePlus, a file said on Thursday.

at the same time as Samsung and Apple will stay strong gamers, new brands together with Gionee, Huawei, Vivo, and Lenovo will make some commendable inroads, said the document released via the market studies firm CyberMedia studies (CMR).

“As we see smartphones turning into the need in India, the significance of excessive-quit smartphones best amplifies for the cause that this many users would really like to go for an upgrade from mid-stage phone to a higher order cellphone,” said Faisal Kawoosa, Lead Analyst (Telecoms) CMR, in a assertion.

consistent with the document, out of 163 smartphone manufacturers, best 19 manufacturers shipped smartphones inside the high-stop rate band (Rs. 20,000 or above charge factor) in 2015.

In assessment, in the sub-20,000 degree, 46 manufacturers shipped smartphones and 153 brands shipped handsets in much less than Rs. 10,000 band.

Samsung and Apple expanded their market share in 2015 (in the above Rs. 20,000 fee band) to 44 percentage and 27.3 percent, respectively.

In assessment, Sony, HTC, and LG have misplaced the marketplace share in the course of the duration.

OnePlus become the simplest emerging logo to make it to the listing of top 5 within the identical fee factor in 2015.