Jio Phone Emerges Leader in Indian Feature Phone Market: CMR

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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

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