Samsung’s smartphone market share fell from 28% to 21.5% in India in the quarter to June. The company, however, didn’t lose its position and still leads the overall handset market in the country with 18.9% share. Micromax maintained its second position with 12.6% share of the overall mobile phone market in the quarter to June. Overall mobile phone market of India grew 12.4% with sales touching 60.8 million units during the quarter, however, the market shank 2.5% on yearly basis.
pixabay-642106_640
Other Important Headlines
1. Liril’s latest commercial features Brazilian model Anabelle.
2. Lava to raise overseas borrowings, declined to share financial details.
3. Induslnd Bank profit increases to INR 525 crore in the three month ended June owing to improved demand for loans.