Saturday, June 22, 2013

Apple Heats Up Competition In This Key Emerging Market

Smartphone appetite among consumers of one of the most populous countries of the world, India, has been increasing. In the first quarter of 2013, smartphone shipments to the country rose by 64% year-over-year to 5.7 million units. The global smartphone market leaders Apple (AAPL) and Samsung (SSNHY.OB) have been doing aggressive sales promotion while fighting for the market share with local rivals and Nokia (NOK). Meanwhile LG Electronics (LG) and HTC (HTCCY.OB) have set ambitious targets for themselves and could pose a significant threat to the smartphone market share of Sony (SNE) and Nokia. In this article, we will have a look at the performance of Apple and some of the biggest players in India's smartphone market.
Although Apple's impressive growth in the country poses no significant threat to Samsung, but it will certainly create problems for Nokia, LG, HTC and Sony in India's smartphone sector .... Read More