December 2016 Current Affairs

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India beats US to become the second largest smartphone market : Morgan Stanley

India beats US to become the second largest smartphone market : Morgan Stanley
23 April 2016 Current Affairs: India is expected to overtake the US as the second-largest smartphone market next year with robust annual growth, says a Morgan Stanley research report. According to the report on global technology and telecom, the country's smartphone market will grow at a compounded annual growth rate (CAGR) of 23 per cent through 2018 and would account for 30 per cent of the global growth during the period. We expect India to overtake the US next year as the second-largest smartphone market by units. India will grow nearly five times faster than the world's largest smartphone market China, where growth has decelerated, the report We estimate a 23 per cent CAGR in units in India, compared with 5 per cent over the same period in China. By 2018, we estimate 192 million smartphones will be shipped to India, or 11 per cent of global units The improvement in demographics, as measured by declining age dependency, has been one of the most important factors supporting higher potential growth in India... We expect consumption to maintain a relatively high growth rate, driven by an increase in per-capita income growth and an emerging middle class India's internet penetration to reach 50 per cent by 2018, up from 26 per cent last year, driven by rising smartphone availability and affordability, online content and changing user behavior 

The global consultancy estimates 4G smartphones will account for 75 per cent of 170 million shipments by the next year, which currently has less than 1 per cent subscriber penetration in the country.The report, which is based on 2,600 urban smartphone buyers, said the respondents paid an average of Rs 8,500 for their smartphones and plan to spend 40 per cent more on their next phone. 


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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