Samsung expects record smartphone sales this year

The company said it had been working on India-specific offerings over the years

Mobile phone manufacturer Samsung is expecting record sales this year, exceeding the sales in 2016, mainly driven by Samsung Pay offering in its mid- to high-end smartphones. The firm said it saw a 40 per cent growth in sales during the current festival season as against an industry growth of 25-30 per cent.
 

"In 2016, we had a record performance. We are expecting to do better than that this year," said Aditya Babbar, general manager, Samsung Mobile. 

Quoting research firm GfK, he said the company had a 47 per cent value (total) market share and 68 per cent market share