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FORME Mobiles was launched in India in 2009 and experienced 200% y-o-y growth in FY10 and will close FY18 with more than 30% y-o-y growth. FORMEMobiles is backed by FORME Technology, an international company specializing in the R&D, manufacturing and marketing of digital electronics and mobile communications products. Based in China, FORME operates in India, the Middle East, Africa, Southeast Asia, Europe and other countries and regions.
"India contributes significantly to FORME's global sales and FORME internet enabled feature phones are very well embraced by India" said Victor Su, Director, FORME Mobiles India. He further added that "We aim to deepen our relation with India in 2018 as we will double our mobile phone production from March onwards. We witnessed a steep rise in demand for our internet enabled feature phones, especially from Tier 2 and 3 cities, which motivated us to increase our production capacity. We will also offer an extensive portfolio of smartphones in affordable segment in 2018."
The growing popularity of feature phones
As per IDC report 2018, India market has experienced an increase in shipment of feature phones in 2017 by 17%, which is 3% higher than...