According to Canalys, global Smartphone shipments are set to grow by about 5% in 2016.
The great news about this report are the following growth projections for the APAC region:
- China: ↗️ 13%
- India: ↗️ 21%
- Philippines: ↗️ 26%
Smart phone penetration in these markets remains low, meaning there is a big opportunity for vendors. Growth in established markets is harder to find[…]
THE SWAPIT PERSPECTIVE
Swapit is a true Asian startup. We’re based in Hong Kong – Asia’s World City – and we’ve launched here locally at first. From the onset, we’ve made it very clear that Swapit will go out of Hong Kong and into other markets. Swapit now supports 148 currencies, multi-locations, Android and iPhone and shows phenomenal growth locally in Hong Kong. Yet, we will definitely go out of Hong Kong and into other densely populated markets.
Smartphone growth rates in China, India and the Philippines are extremely encouraging for us. They clearly demonstrate that there is still a lot of growth left in those markets.
MOBILE ONLY … is the Swapit way to success.
From the onset, we wanted to build a truly mobile marketplace. We never even considered to have a full blown desktop website to publish your items, browse items and purchase them. We just believe the world is changing. While “web” is still in people’s minds and many people do like browsing website on a desktop computer (myself included), we also believe that the young generation out there will be truly mobile. Hong Kong for example has a smartphone penetration of more than 200%.
Think of it this way: In 1989 Tim Berners-Lee invented the World Wide Web. Everyone born in the 90’s and 2000’s are now in their teens, 20’s and some are soon reaching their thirties. They have never experienced a day on this world without the Internet.
In many parts of the world like the above mentioned China, India and Philippines, people’s first – and probably only – contact with the Internet will be on their mobile phone. Many will probably won’t never own a proper desktop computer – maybe a laptop at some point, but pretty much all will own a smartphone. They are using it day in and out with extremely high engagement rates on their favorite apps.
We are building Swapit for that future. A future where mobility is everything, where consumers do all their major transactions on and with their phone, where online-to-offline (O2O) transactions are as common as buying a bottle of water at 7-eleven.
Have you tried Swapit yet? Give it a try: http://get.swapit.la/now