14 April 2013

IPhone Outpaced in Surging India by Less Costly Rival



In the fast growing India, Apple and Samsung are being beaten by a couple of aggressive competitors. Bangalore-based Karbonn Mobiles and Micromax is being fuelled by Indian buyers, which will be accessed by more than 300 million people by 2017. Their ultimate selling secret? The price.

In a country where about 800 million people live on less than $2 a day, Karbonn handsets start from 3,599 rupees ($66) and Micromax’s from 3,999 rupees, less than the cheapest Apple and Samsung smartphones. The iPhone 4 is available for 26,500 rupees and Samsung’s Galaxy Y Duos Lite for 6,110 rupees.

“India is poised for a smartphone boom; just look at the Internet penetration and potential,” Deepak Mehrotra, chief executive officer of Gurgaon-based Micromax, said in an interview. “But we don’t see any point to offering a Ferrari.”

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