Jio became overall India handset market leader in 2018: Counterpoint
Jio, which has 28 crore users, registered 38 per cent growth in the fourth quarter of 2018 as the Indian market saw new category leaders in both feature phone and smartphone segments.
Reliance Jio became the overall market leader across all handset types in 2018 with a market share of 21 per cent as feature phones grew faster than smartphones for the first time ever, Counterpoint Research said on Friday.
Jio, which has 28 crore users, registered 38 per cent growth in the fourth quarter of 2018 as the Indian market saw new category leaders in both feature phone and smartphone segments.
"India remains the largest market in terms of global feature phone volume. India and Middle East are driving the feature phone market, capturing almost 3/4th of global feature phone sales in 2018," said Tarun Pathak, Associate Director, Counterpoint.
"Reliance Jio captured 38 per cent of the feature phone segment in just over a year with its compelling value proposition compared to normal 2G feature phones," he added.
Reliance Jio Infocomm last week reported a 65 per cent increase in its standalone net profit for the October-December 2018 period.
For Jio, average data consumption per user per month is 10.8GB and average voice consumption is recorded at 794 minutes per user per month.
Watch this Zee Business video
"Additionally, the Jio `Monsoon Hungama` offer focusing on upgrading 2G feature phone users, helped it to drive sales during the second half of 2018," Pathak added.
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
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
08:22 PM IST