Recently the launch of new galaxy s 3 made a huge hit in the markets and yesterday samsung said that it is aiming for 60% market share in Indian smartphone market by the end of this year. Ranjit Yadav, head of Samsung’s mobile & IT business in India, said that the company’s flagship smartphone Galaxy S III, which was launched on Thursday, would help it widen the lead over competitors.
Yadav said that “Currently we have a market share of around 45%. We hope that with help of Galaxy S III, we are going to touch at least 60% this year”.
Galaxy S III is the latest launch from samsung that runs on Android operating software and is a direct competitor to iPhone 4S in India because this is so sophisticatedly matched that both Apple and Samsung are engaged in a fierce fight to carve out a lion’s share in the fast-growing smartphone market. While in the US Apple holds slight edge but still then Samsung has a big lead in India markets these days. According to a recent report in a Korean newspaper, nine million units of Galaxy S III were pre-booked in the two weeks after the device was announced on May 4, making it one of the fastest selling smartphones of all time. In India, Galaxy S III is priced at Rs 43180, which could play a spoilsport for Samsung.