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Smartphone demand in India to reach 234 million units in 2017, GST will have no affect: Report

The general smartphone demand in India will hit 234 million units in 2017, an build up of 11 p.c year-on-year (YoY) and the Goods and Services Tax (GST) would have no affect on smartphone demand in the rustic, world marketplace analysis company GfK mentioned on 25 July.

“Smartphone demand in India also remained resilient in the second quarter of 2017, having levelled out slightly to 14 percent year-on-year. This represents the strongest growth across all regions for the year,” it added.

Smartphone demand in the ‘Emerging Asia’ area hit 56.7 million units up 13 p.c year-on-year.

Bangladesh and Malaysia powered maximum of this enlargement.

“In Bangladesh, smartphone demand grew by a strong 40 percent year-on-year. Malaysia is maintaining a steady recovery from its 2015 slump and here, demand in 2Q17 grew by 31 percent year-on-year,” the record famous.

The world smartphone demand totalled 347 million units in the second one quarter of 2017, up 4 p.c year-on-year.

“This makes it the strongest second quarter on record. Emerging Asia led the demand growth with a 13 percent year-on-year increase, followed by Central and Eastern Europe at 11 percent, and Latin America at 10 percent,” GfK famous.

“The record demand for smartphones in the second quarter this year shows that, despite saturation in some markets, the desire to own a smartphone is a worldwide phenomenon. How that manifests itself differs widely by region,” mentioned Arndt Polifke, world director of Telecom Research at GfK.

In China, smartphone demand plateaued in the second one quarter of 2017 at 110.1 million units, appearing no exchange year-on-year.

Manufacturers are maximizing all their creativity to ensure that their newest units are impossible to resist.

“Elsewhere, macro-economic factors and consumer confidence are having an impact, but operators and retailers are employing localised tactics to ensure the smartphone remains the connected device of choice,” Polifke added.

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