Financial Daily from THE HINDU group of publications
Friday, Jul 02, 2004
Financial Daily from THE HINDU group of publications Friday, Jul 02, 2004 |
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Info-Tech
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Telecommunications Marketing - Market Shares LG claims top slot in handset market Our Bureau
Mumbai , July 1 LG CDMA, the Korean handset manufacturer, claims to have displaced Nokia in the Indian handset market, quoting figures from a Voice & Data Research study of the handset market done for 2003-04. LG, with sales of Rs 2,797 crore, had a 33.5 per cent share of the market for the year, while Nokia India recorded sales of Rs 2,481 crore to garner 29.7 per cent share. LG CDMA's performance is largely on account of Reliance Infocomm's large subscriber base. The company recently shipped five million handsets to the company, said a release.The study, which includes both GSM and CDMA markets, said that the Indian mobile handset market grew by 568 per cent during the year, with turnover at Rs 8,344 crore for 2003-04. In the survey, LG and Nokia are followed by Samsung Electronics (12.9 per cent market share) and Motorola (7.6 per cent).
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