Close to half a billion phones. Per year. 20 Mar, 2008

IDC analyst Aloysius Choong predicts that mobile phone sales in India will grow by 19% this year.

Both Economic Times and Financial Express report that mobile phone sales in the Asia Pacific region excluding Japan are set to grow an annual 10% to 400 million units in 2008.

The current mobile penetration rate in India is 20%. In China, the rate is 40%.

The Pyramid research report “The Next Billion: How Emerging Markets Are Shaping the Mobile Industry” says:

“India, not China, will add the most to the next billion.”

Pyramid Research
October 2007

We believe they’re right.

Read more: Economic Times / Financial Express