Lenovo MBG emerges as the number 2 smartphone brand in India in CY 2016: IDC report
15 Feb 2017 11:33 AM GMT
Lenovo MBG continues to grow across segments and has registered a 14.8 per cent Year-on-Year growth.
Lenovo reported a $128 million net loss for the year ending March 31, compared with a net profit of $829 million in the same period last year.
Lenovo Mobile Business Group has emerged as the number 2 smartphone brand in CY 2016 with 8.9 per cent and 9.8 per cent market share by volume and value respectively, as per International Data Corporation (IDC) India Q4 2016 Smartphone Market Report.
Fueled by aggressive product launches in mid-tier and premium segment, Lenovo MBG continues to grow across segments and has registered a 14.8 per cent Year-on-Year growth.
According to the IDC Q4 2016 report, Lenovo MBG (comprising of Lenovo and Moto-branded smartphones) maintained its leadership in the online channel by 23 per cent in volume and 23.5 per cent in value market share in CY 2016.
( Source : deccan chronicle )
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