India seen as 2nd largest smartphone market next year

The report also said while the high-end smartphone market in India is small, with only 6 million units at the 0-plus range, or 6 percent of the total, macroeconomic and demographic trends, and an appetite for 4G services, will lead users to upgrade to better smartphones over time. (Reuters) India will overtake the US as the second-largest smartphone market next year, and local players, led by Reliance Industries, will benefit in the near term, says Morgan Stanley in its latest report based on a