53% Indians bought smartphones online in 2016: Survey
While only 39% of smartphone owners preferred to buy it through retail outlets in 2016.
Amid the steady 4G adoption growth, 53% of Indians bought their smartphones online while 39% of smartphone owners still preferred retail stores to buy a new device in 2016, a Deloitte survey revealed on Wednesday.
According to the 'Mobile Consumer Survey 2016', 4G adoption is expected to grow strongly over the next year to become the predominant data network and about 45% of the respondents said that they would subscribe to 4G or LTE in the next 12 months.
"With internet becoming cheaper and higher mobile data penetration, consumers are becoming extremely data hungry. Thus, usage of smartphone is only expected to grow from here onwards," said Neeraj Jain, Partner, Deloitte Touche Tohmatsu India LLP, in a statement.
Communication services namely social networks and instant messaging are the two things consumers check on their smartphones first thing in the morning, the findings showed.
The findings showed that smartphone users wield their devices to check bank balances (54%), pay utility bills (54%) and services bill (53%) the most.
This is followed by transferring money within the country (38 %) and abroad (31 %).
"The most common reason given for not using phone to make a payment was fear about security, cited by 29 % of respondents," the survey noted.
The survey analysed the mobile usage habits of over 2,000 Indian consumers as part of a global survey of 53,000 respondents across five continents and 31 countries.
The India data comprised of representatives from eight urban cities with internet access and adults aged between 18 and 54.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
SCSS vs FD: Which guaranteed return scheme will give you more quarterly income on Rs 20,00,000 investment?
07:33 PM IST