The Indian mobile handset market registered a drop of 5% in revenues during the financial year 2011-12 due to slump in sales of feature phones and lower average selling price of handsets, according to Cybermedia Reasearch. The revenues dropped to Rs 31,215 crore from Rs 33,031 crore from a year back said an annual survey by CyberMedia group’s flagship journal for the telecom industry Voice & Data.

The study surveyed over 30 mobile handset firms–both multi-national and Indian–selling feature phones, multimedia phones, enterprise phones and smartphones in India.

The homegrown handset makers who till a few years back gave a tough competition to international brands including Nokia and Samsung registered a negligible peresence. Their main stay—feature phones—saw a negative growth while the entry level smartphones of various companies saw a marginal rise.Read more
Courtesy : timesofindia.indiatimes.com

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