Despite political tensions, Chinese phone brands hoovered up the Indian market in 2020 - The Fact Factory

Post Top Ad

Monday 15 February 2021

Despite political tensions, Chinese phone brands hoovered up the Indian market in 2020


Last year, tensions between India and China were at a peak after multiple clashes at the border. Trade between the two countries fell by 5.6% as compared to 2019, and India began scrutinizing investment proposals from Chinese firms. However, China’s mobile phone makers had a strong year. A report from analyst firm IDC suggests that Chinese phone makers had more than 70% of the market in 2020. This indicates that the majority of Indian consumers are buying a device made by a company from the neighboring country. The report also notes that after multiple years of growth, the smartphone market fell…

This story continues at The Next Web


No comments:

Post a Comment