The mobile sales graph in India has declined in the recent times and while the mobile market has seen a growth by 25 percent, the rate of growth in the sales have come down by atleast 10 %, compared to the previous fiscal year.
The mobile sales have witnessed a worldwide growth by around 12 percent over last year but compared to the 16 percent growth rate in the last fiscal year, it has come down. Smart phones market saw a growth of 15.7 percent in the second quarter but compared to the earlier 60 percent growth, there is a drastic fall in the growth rate. [source]
The obvious culprit is recession, but do you think gray market plays a bigger role?
I’m a little confused with what this article says. ‘The rate of growth has come down by 10%’ – does that mean that mobile phone growth has gone down, for example from 25% to 22.5%? Or do you mean from 25% to 15%? I also cannot really understand how there is such a disparity in growth of mobiles and growth of the mobile market. Surely its 1 sim card to 1 phone? I doubt that the grey market can account for such a large drop in mobile phone sales. Perhaps this 10% figure is just an off the cuff remark from this person at the Phone Galleria.
Gautam Kshatriya
gautam.kshatriya@moneyvidya.com
http://www.moneyvidya.com/blog
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