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Nokia slips Samsung Catches up Fast in India

Korean mobile handset maker Samsung is catching up fast with its Finnish competitor Nokia on the back of a strong growth in smartphones and feature phones in India. According to the latest figures made available by the Voice & Data study, Samsung posted a growth of 21.7% to register revenues of `5,720 crore in 2010-11 from India, from `4,700 crore in the previous fiscal. Nokia on the other hand had a flat growth, with revenues of `12,929 crore in 2010-11 from India compared to `12,900 in the previous fiscal, according to the Voice & Data study. Though Nokia remains the market leader in India with a 39% share, its dominance is under pressure, say experts. According to industry sources, Nokia's market share has is 37.5% in january-july this year. Its market share stood at 49.3% in 2010. Samsung's market share has increased to 28% in first seven months. In 2010, Samsungs's had a market share of 20.1%, sources said. In terms of monthly shipment also, Samsung has grown its base at a much faster pace than others.

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