Decline of Indian Smart Phones Market
India is the second largest market for smartphones in the world after China. India has more smartphones users than the entire population of the USA. In the year 2015, the Indian mobile companies have the market share of more than 52% and they were performing well in the market. But suddenly their market starts declining when the Chinese mobile companies entered into the market. Now, the situation of Indian companies is that they have only 2% share in the market of mobile phones. The combination of very high sales volumes and the average smartphone consumer behavior has made India a very attractive market for foreign vendors. Currently Xiaomi is leading smart phones with 30% share in Indian market. BBK Electronics is a parent company of OPPO, REALME, VIVO & ONEPLUS with 28% share in the market according to IDC report. These five brands hold large portion of smart phone industry in India. There were many reasons behind Indian smart phones companies went out of the business. 1. ...