Sub-Rs 10,000 smartphone segment in India to grow 44% in 2016: CMR report

The sub-Rs 10,000 segment is expected to grow at 44 per cent, driven by consumers upgrading from feature phones to smartphones, says CMR. (Representational Image: ThinkStock)
The under Rs 10,000-smartphone segment is expected to grow 44 per cent this year, constituting 70 per cent of the market, a CMR report said.
According to the research firm, smartphone shipment in the country is expected to grow to about 130 million handsets this year from 97 million last year by 163 brands.
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