Highlights

  • Samsung India expects strong demand for premium phones
  • 5G smartphone sales also to grow in 2023
  • Galaxy S23 series has been quite successful

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Samsung expects high demand for premium phones in India

Samsung India anticipates that the strong demand for its new Galaxy S23 series will continue in the foreseeable future.

Samsung expects high demand for premium phones in India

According to a report, Samsung's Head of Mobile experience Business believes that the premium smartphone market in India will continue to grow, driven by rising 5G adoption and a global consumer trend towards more reliable devices.

He predicts that the premium smartphone market in India, with prices over $400, will grow by over 30 percent in the next few years, while the 5G smartphone market will grow by over 60 percent by 2023.

Samsung recently reported over 140,000 pre-bookings for its Galaxy S23 series in India within 24 hours, twice the number received for its previous S22 series.

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