Reliance Jio Infocomm is No. 5 in India: All you need to know in 5 slides
Mukesh Ambani's Reliance Industries (RIL) telecom venture Reliance Jio Infocomm is still to launch formally in India and yet it is marching from strength to strength, signalling danger for other entrenched companies in the country which have already been here for years. Check out what put Reliance Jio Infocomm in such a sweet spot ahead of its launch. (PTI)
Reliance Jio Infocomm has become the fifth largest smartphone company in India by shipments, helped by an increased offtake of 4G handsets, Lyf smartphones, which were launched during the October-December quarter, and in the process it overtook Lava International, IDC data showed.
Reliance Jio Infocomm has achieved this strong position courtesy the strong distribution network of Reliance Retail and this has happened despite overall shipments of smartphones declining 8.2% during the January-March quarter from a quarter earlier to reach 23.5 million units. However, the smartphone shipments grew 5% during the three months through March, compared to a year earlier, IDC data showed. (PTI)
Reliance’s Lyf smartphone shipments increased as there was a growing demand from Indian consumers for 4G handsets during the quarter. During the quarter through March end, 4G-based smartphone shipments grew six times from a year earlier, to 15.4 million units, IDC said. “4G based device shipments accounted for 65.5% of overall smartphone shipments in Q1 2016,” said Jaipal Singh, market analyst, client devices at IDC.
Here is how the other smartphone companies ranked: Samsung Electronics led the market with a 26.6% market share helped by its low-cost J Series smartphones, despite a dip in year-on-year and quarter-on-quarter shipments. Home-grown Micromax Informatics ended the quarter with 12.6% share while shipments falling 17.9% for the second consecutive quarter, IDC said. Intex Technologies, another domestic manufacturer, saw its shipments decline 10% during the quarter, but managed to maintain its third position with 9.2% share and was closely followed by China’s Lenovo including Motorola which had a 8.2% share, IDC data showed. (Reuters)
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