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Chinese firms capture 49 percent of Indian smartphone market

According to the research firm, CyberMedia Research Chinese vendors captured 49 percent of the Indian mobile phone handset market in the first quarter of 2017 threatening to wipe out domestic players from the overall handset segment, a report said on Friday. Mobile handsets market in India recorded revenues of Rs 34.6 crores in the first quarter of 2017. Samsung of South Korea and the Chinese Itel and Xiaomi were the top market players with 27 percent, nine percent and six percent market share.

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