Home / Bussiness / Sri Lanka Mobile Phone Market Touches One Million Mark in Q4 2014

Sri Lanka Mobile Phone Market Touches One Million Mark in Q4 2014

Sri Lanka cell phone market has actually observed a rise in sales in CY 2014. Significantly, the cellular phone company has actually been growing tremendously year on year and Q4 2014 was no exception.According to International Data Corporation (IDC), the general cellphone market in Sri Lanka touched 1 million mark in Q4 2014. Cellular phone contributed around 22 % to the general smart phone market as the need observed a constant rise in the year. The information nevertheless, is special of grey imports that are delivered to the nation through illegal channels.Jaideep Mehta, Managing Director, IDC South Asia revealed his pleasure,”

Sri Lanka is ending up being progressively a crucial IT market, and IDC is looking for to satisfy its objective of getting in markets ahead of the curve, then producing world course market knowledge for the advantage of its clients. This step will certainly bring us closer to the regional markets and make sure precise monitoring of vital IT domains.”Globally, there has actually been a quick migration of end users from function phones to cellular phones and Sri Lanka is no exception.

The function Phone classification remained to drop both sequentially and yearly to reach around 78 % of the total cellphone market.”The economy of Sri Lanka is now concentrating on long term development and inclusive development, the effect which is seen on shift in financial investment concerns. Whereas, formerly a high proportion of population use to purchase function phone, the choice is now moving to cellular phones. Likewise, the low expense choices readily available at entry level mobile phones have actually resulted in the increase in need. ” The low expense alternatives readily available at entry level wise phones have actually led to the increase in need. ” States Raj Nimesh, Senior Market Analyst, Client Devices, IDC South Asia.Top 3 Smartphone Vendor Highlights Samsung: With roughly 30 % share, Samsung leads the marketplace in the cell phone classification. Samsung remains to be among the most favored cellular phone brand names in the nation. Galaxy S Duos continues to be to be the hero item series for Samsung.Huawei: Huawei got 2nd position in cell phone classification with near 18 % market share.

The brand name remains to take pleasure in an excellent reach in both leading cities and upcountry markets|upcountry markets and leading cities, as their items are dispersed solely through among the most trusted names in the nation, SINGER.Nokia: Nokia stands 3rd in mobile phone market with near to 9 % market share. Greater brand name recall owing to their function phone penetration remains to drive their company in the nation. Nevertheless, the brand name may quickly discover itself contending carefully with Indian suppliers Micromax and Intex as they prepare to obtain greater market share in the nation.|The brand name may quickly discover itself contending carefully with Indian suppliers Micromax and Intex as they tailor up to acquire greater market share in the nation.

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