India overtakes the U.S. to become world's second largest smartphone market

India is now the world's second largest smartphone market, behind China. That pushes the U.S. down to third spot for the first time.

According to Canalys data, India shipped 40 million phones in the third quarter of this year, 23 percent higher than the same period in 2016. That momentum was responsible for propelling India past the U.S.

China overtook the U.Sin 2011 to become the world's largest.

Canalys analyst Rushabh Doshi said India has been working to improve its network coverage, and as more people get reliable 4G access, that's helped push demand for mobile devices too. Read more...