Comio aims to sell 1 million smartphones by March 2018

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Chinese original device maker Topwise Communication which has recently entered in India with a brand called Comio is aiming to sell one million smartphones by March 2018.

Comio aims to sell 1 million  smartphones by March 2018

"We have launched three devices, which are aimed at different users with propositions like a style, power, and economy. We hope to sell about a million devices by the end of the fiscal," PTI quoted Comio CEO Sanjay Kumar Kalirona.

He said that the devices would be available through offline stores.

"We will be available across 15,000 retail points. Initially, the focus is on north and western parts of the country but by January-March quarter, we will have a pan-India presence," he further said.

Meanwhile, a new report by research firm India Ratings and Research ( Ind - Ra) said that, Indian mobile phone makers' business profile has been adversely impacted due to the rapidly increasing market share of Chinese players and fierce competition.

It says that the increasing strength of Chinese mobile phone manufacturers in the smartphone market is reflected in the 3.4x growth in market share to 51 percent in quarter one of this calendar year (CY).

The report pointed out that the global vendor Samsung Electronics Co Ltd (Samsung) remained the market leader with the 28percent share in 1QCY17 (1QCY16:25 percent), the share of Indian vendors downsized to a mere 14 percent (40 percent).

Lenovo also sustained its position due to the established brands and products in the diversified price segments. Oppo and Vivo India have recorded sales increases of seven to nine times over FY17 respectively.

Ind-Ra also expects Vivo India and Oppo's smartphone sales to grow by around 40 percent -50 percent over FY18.

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