Samsung registers big revenue of Rs 34,300 cr, stands tall in Indian market

New Delhi: After registering 27 per cent growth in mobile business revenue for the financial year 2016-17 touching a mammoth 34,300 crore Samsung has once again become the leader in the highly competitive and price-sensitive Indian market.

“Samsung continues to be India’s smartphone leader by a fair distance. We are growing across segments — premium, mid-segment and affordable,” Asim Warsi, Global Vice President, Samsung India, said in a statement on Thursday.

Read:- Samsung enters into budget tablet market in India

“Our ears are firmly to the ground and this helps us deliver the best smartphone experience to our consumers and that is helping us gain the trust of consumers. We will sustain and consolidate our leadership in the smartphone industry,” Warsi added.

With this kind of growth, Samsung has eclipsed the sales of key Chinese brands such as Xiaomi, OPPO, Vivo, Lenovo and even the Cupertino-based giant Apple.

Read:- Samsung Electronics elevates key India executives to new leadership roles

“We continue to be the market leader in India by a distance and through our innovations and trust and love of our consumers, we will sustain and consolidate our leadership in the smartphone industry over the next few years,” Samsung said.

The South Korean giant had 60 per cent market share (by value) in the premium segment for the August-September-October period, according to German market research firm GfK. For the overall smartphone market, Samsung had over 45 per cent market share (by value) for the last three months.

Read:- Check out the first look of Whatsapp Business app!