Amazon,Flipkart big billion days

 SMTV Desk 2018-10-10 18:10:42  Flipkart,Amazon,Big Billion days
Amazon,Flipkart big billion days

Riding on Amazon and Flipkart festive offers, online smartphone sales in India is likely to cross $1 billion (roughly Rs. 7,400 crores) in the next five days.

October is likely to be a record month in terms of smartphones sales volume with share of online channels to hit record 42 percent for the first time ever during October, the report said.

"Online sales are estimated to grow faster than offline sales during this festive month as the top two online retailers are set to leverage pent up festive demand in the next 30 days," said Research Analyst Anshika Jain.

The top two e-commerce platforms will capture more than 90 percent share which is the biggest contribution ever in the Indian online smartphone market during October.

"Online channel contribution in terms of total smartphone sales this year in India is likely to hit 36 percent, the highest in the world, with peak of 42 percent reaching during this festive season," said Tarun Pathak, Associate Director, Counterpoint."