SMART FEATURE PHONES TO GENERATE $28 BILLION IN REVENUE OF 3 YEARS

smart feature phones
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Smart feature phone, a phone with traditional features form factor with smart design but with the chipset and an operating system that support sophisticated smartphone like features, such as high internet speed along with an application and services. According to report of Counterpoint Research, The revenue opportunity from the increased sales of smart features phones is expected to be about $28 billion over the next three years.

“This will be enabled by a potential of more than 300 million smart feature phone users globally by the end of 2021. Software and services alone will contribute to 71 percent of this near- to mid-term revenue opportunity, or around $20 billion (roughly Rs. 1,40,000 crores),” Neil Shah, Research Director at Counterpoint Research, said in a statement on Monday.

“The global smart feature phone demand grew 252 percent year-on-year in 2018 – albeit from a low base, contributing roughly 16 percent of the total feature phone volumes,” said Tarun Pathak, Associate Director at Counterpoint Research.

“While India is the biggest contributor to this demand, major markets that have driven smart feature phone sales include the US, UK, South East Asia, and Africa. We estimate that smart feature phones will cross more than half of global feature phone volumes by 2021,” Said Tarun Pathak.

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