May 8, 2012

Samsung Eyes 60% Share In The Indian Smartphone Market

An official statement made by Ranjit Yadav, the Country Head of Samsung Mobile, revealed that the company is aiming to achieve a 60% stake in the emerging Indian Smartphone market in the current year. 

Samsung Aims To Achieve 60% Stake In Indian Smartphone MarketAccording to Mr Yadav, the company was able to achieve a 45% share in the Indian smartphone market during during the first quarter of the current year and hopes to consolidate its position further in the remaining part of the year.

Samsung had earlier revealed that their latest offering in the 'Galaxy' Series - the Samsung Galaxy S III will be made available in India in the first week of June, 2012. 

Speaking to reporters, Mr Ranjit Yadav said, "The Smartphone market in India is set to grow from around eight million units in 2011 to around 18-19 million units in 2012." 

India is currently one of the fastest growing smartphone markets worldwide. This fact was highlighted by Mr Yadav when he said, "India, one of the world’s largest mobile market, is indeed very important to us as it contributes substantial portion of our global sales. We see India as one of key growth markets 2012 going forward, especially in smartphone segment where we have observed overwhelming growth in last couple of quarters."

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