Micromax to reportedly sell smartphones in China and go public in two years
"Micromax focus to the fifth largest phone maker globally by 2020"
In January 2014, India-based Micromax went international and customize its products to Russia. The company also introduces the Canvas Knight 350 as octa-core processor-powered phone its first in Russia in January 2014. Now it seems that the brand plans to sell its equipment in China, which is one of the market's largest phone in the world after the US and India. In addition, the man will go public in the next two years.
Micromax is the co-founder Kikas said Jain said conference technology in Hong Kong in 2020, the company aims to be the fifth largest phone maker in the world in number of devices sold. Jain further added that the brand can not do this without access to customers in China offering all the money. The vendor plans to In the next two years to make money to fund the acquisition of companies that will help them build a network of markets to competition crowded.
"The announcement is a sign that the market of the device in India will save hard business smartphones in general. Seize laptops to India decreased in the past six months, according to data IDC. That is a sign that iPhones and the piling in stores Indian, said IDC report. Many market were priced below $ 100 focus on customer phone-first, who account for most sales micromax said, "read a statement Nasdaq.
Up smartphones government sold China the goal was ambitious Micromax, which sells lower now than smartphones million per month, which are sold mainly in India. According to industry reports, Vivo in China who now lives in the fifth spot in sales of smartphones in the world, selling around four million sacks per month. In India, Micromax is called the maker of the device's second-largest after Samsung. It is also the manufacturer of the device is the third largest in Russia. The company also sells equipment to neighboring Nepal.
"Micromax focus to the fifth largest phone maker globally by 2020"
In January 2014, India-based Micromax went international and customize its products to Russia. The company also introduces the Canvas Knight 350 as octa-core processor-powered phone its first in Russia in January 2014. Now it seems that the brand plans to sell its equipment in China, which is one of the market's largest phone in the world after the US and India. In addition, the man will go public in the next two years.
Micromax is the co-founder Kikas said Jain said conference technology in Hong Kong in 2020, the company aims to be the fifth largest phone maker in the world in number of devices sold. Jain further added that the brand can not do this without access to customers in China offering all the money. The vendor plans to In the next two years to make money to fund the acquisition of companies that will help them build a network of markets to competition crowded.
"The announcement is a sign that the market of the device in India will save hard business smartphones in general. Seize laptops to India decreased in the past six months, according to data IDC. That is a sign that iPhones and the piling in stores Indian, said IDC report. Many market were priced below $ 100 focus on customer phone-first, who account for most sales micromax said, "read a statement Nasdaq.
Up smartphones government sold China the goal was ambitious Micromax, which sells lower now than smartphones million per month, which are sold mainly in India. According to industry reports, Vivo in China who now lives in the fifth spot in sales of smartphones in the world, selling around four million sacks per month. In India, Micromax is called the maker of the device's second-largest after Samsung. It is also the manufacturer of the device is the third largest in Russia. The company also sells equipment to neighboring Nepal.
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