Indian handsets market reports 5% revenue dip | india | Hindustan Times
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Indian handsets market reports 5% revenue dip

india Updated: Jul 09, 2012 23:17 IST
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The Indian mobile handsets market reported a 5% drop in revenue at Rs. 31,215 crore during the financial year ended March 31 due to a fall in feature phone sales and lower average selling price of handsets, said an annual survey by CyberMedia’s Voice&Data on Monday.

The market had registered revenue worth Rs. 33,031 crore during 2010-11.

While firms such as Nokia, Research in Motion (RIM) and Micromax posted fall in revenue, others such as Samsung, HTC and domestic firm Karbonn posted a rise in the revenue. However, despite 8% drop over Rs. 12,929 crore revenue posted during previous financial year, Nokia remained the number one player in the handset business with revenue of Rs. 11,925 crore.

The Finnish company lost market share in smartphones and multi-media segment to Samsung, HTC and Apple, among others with its absence in the Android ecosystem denting its performance. However, it made a headway in the dual SIM phones category. Nokia had a market share of 38.2%.

The Korean giant Samsung, revenue grew 38% to Rs. 7,891 crore and the firm stood on the second spot with a market share of 25.3%. Samsung’s Galaxy Note, a hybrid between smartphone and tablet was a trail blazer selling 40,000 units each month since launch in late 2011.

Homegrown Micromax with revenues of Rs. 1,978 crore ranked third. Micromax had a market share of 6.3%.

Canadian BlackBerry maker RIM dropped the most —25% to post a revenue of Rs. 1,460 crore. It had a market share of 4.7% on the back of entry level smart phones. Taiwanese handset maker HTC saw a maximum growth of 105% among all the brands surveyed by Voice&Data.