India to be world’s second largest smartphone market next year

Q.  According to Morgan Stanley, which will be the second largest smartphone market in 2017?
- Published on 05 May 16

a. US
b. UK
c. Australia
d. India

ANSWER: India
 
India will overtake the US as the second-largest smartphone market next year, and local players, led by Reliance Industries, will benefit in the near term, says Morgan Stanley in its latest report based on a survey.
  • While Apple and Samsung are market leaders, Reliance Industries is set to give them stiff competition
  • Jio is focused on 4G and has its own handset brand as well called LYF.

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