India to Replace US as Second Largest Smartphone Market as Smartphone Web Traffic exceeds device ownership. Android App Revenues also to hit $6.8 Billion this year.

So yeah, that’s all kind of a mouth-ful. In any case, let me give you the low-down on what you need to know about what’s going on in the mobile industry. “Phablets” (Smartphones bigger than 5″ but small than 6.99″) currently account for more than 30% of India’s total market. International Data Corporation found that the # of phablets shipped grew 17-fold over just last year. Meanwhile devices grew 30% YOY. Comparing Q2 shipments from 2012 (3.5 million) to this years, (9.3 million) it’s more than evident that it has shot up more than 50%. IDC senior market analyst, Manasi Yadav, went on to say: “The growth in the Indian smartphone market is driven by consistent performance by local vendors who accounted for more than half of the total smartphone market in Q213.” IDC senior analyst, Kiranjeet Kaur, also added: “The key for growth in this market, as with most emerging markets, is a low-priced phone equipped with a large screen and dual SIM slots.” Currently Samsung and Nokia...