USNMix Report: Smart feature
phones increases in the market,
$ 28 billion expected revenues.
$ 28 billion expected revenues.
The rising sales of smart
feature phones will create opportunities for revenues of $ 28 billion over the
next three years. This information is given in the new study of Counterpoint.
Counterpoint Research Director Neil Shah said that 30
million smart feature phones are expected to be sold worldwide by the end of year 2021, which would
generate much revenue. In year 2018, the biggest contribution made in India in
the demand for Smart Feature Phones.
Smart Feature Phone is a
device which is in the size and design of traditional feature phones, but it
has a chipset and operating system, which provides features such as
sophisticated smartphones, with high speed Internet access as well as
applications and services. The ecosystem is involved.
Tarun Pathak, associate
director of Counterpoint Research, said that in the year 2018, the global
demand for smart feature phones has increased by 252% over the year-on-year
basis, whereas smart feature phones in the total feature phones have only 16%
stake.
Pathak said that India has
been the biggest contributor to this demand. However, demand for smart feature
phones will increase in markets like the US, UK, South East Asia and Africa. We
estimate that by the year 2021, the feature feature of the Smart Feature Phone
will increase in the global feature phone market by more than half.
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