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India's Smartphone Market to Cross $50 Billion in Value This Year: Report
The Statesman Siliguri
|January 04, 2025
India's smartphone market is projected to cross $50 billion in value by 2025, driven by the ongoing trend of premiumization and thrust on local manufacturing, a report showed on Friday.
The retail average selling price (ASP) of India's smartphone market is expected to cross the $300 mark for the first time this year, according to latest research from Counterpoint's 'India Smartphone Outlook'.
Apple and Samsung are leading this shift by offering competitive options in the premium and ultra-premium segments.
Apple is expected to see strong demand for its Pro models, driven by local manufacturing and recent price reductions across its iPhone lineup.
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