Indian smartphone vendors could crush Nokia in emerging markets

Indian smartphone vendors could crush Nokia in emerging markets:
The first wave of Asian smartphone vendors launched LG (066570) and Samsung (005930), the latter of which ended 2012 as the No. 1 vendor in the world. The second wave began with the emergence of the Chinese powerhouses Huawei and ZTE: Huawei has become the No. 3 smartphone brand in the world with 5% market share. The third wave consists of Indian vendors that have started surging in South-East Asia and have grand designs for expansion from South America to China.

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