Reliance Jio Phone scaled a new high in the fourth quarter on 2017, emerging as the market leader in the feature phone segment with 27 percent share, followed by Samsung at 14 percent share, a new report said on Monday.
The feature phone market witnessed a 36 percent sequential growth in the 4Q and Year-on-Year (YoY) growth of 62 percent in the country.
“Jio Phone was major growth driver for the 4Q 2017. Its shipments grew more than five-fold. This new trend led to surge in market share of feature phones. With locally-manufactured Jio Phones hitting the market in coming quarters, the vendor is expected to better its performance,” Narinder Kumar, analyst at CMR-Industry Intelligence Group (IIG), said in a statement.
This article was sourced from Gadgets360