India: The world’s second-biggest smartphone market
India has overtaken China as the world’s biggest smartphone market, according to new data published by App Annie.
The US market, the third-largest behind China and the US, is now worth $16.9 billion, up 2.7 per cent from $15.1 billion last year, according the firm’s annual smartphone survey, which was published on Monday.
India’s market share rose to a record 11.5 per cent in India, up from 8.2 per cent last year.
The US market is at 11.1 per cent, down from 13.7 in 2016.
India has the world lead in smartphone market share at 41.4 per cent.
India also overtook the US as the biggest smartphone vendor in Asia Pacific at 7.4 million units shipped, up 9 per cent year-on-year.
China’s smartphone market grew by 4 per cent to 8.7 million units, but only by 3.4 percent.
India’s market is still the second-largest in the region behind China.
Apple is the dominant smartphone vendor globally with 3.3 million units sold globally.
Samsung Electronics is the second largest in Asia with 2.5 million units.
Google dominates Android with 3 million units in India with the company selling more than 50 million devices.
The data from App Annie shows that Apple is still China’s largest smartphone vendor with more than 70 per cent of the global market.
Google, which has a global presence of nearly 4 million stores, is a distant third with around 7 million stores.
Samsung Electronics has a share of 13.3 per cent worldwide.
The app-sharing giant is the fastest growing smartphone vendor, according a recent report from research firm Strategy Analytics.