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Estimate the number of smartphones sold in India every month | Guesstimates - Interview Preparation PDF Download
To estimate the number of smartphones sold in India every month, we can follow these steps:
Step 1: Estimate the population of India
As of 2021, the population of India is around 1.4 billion.
Step 2: Estimate the percentage of people who own smartphones
According to various sources, it is estimated that around 40-45% of the Indian population owns a smartphone. To keep our calculations simple, let's assume that 40% of the population owns smartphones.
Step 3: Calculate the number of smartphone users in India
1.4 billion (population) * 40% (smartphone owners) = 560 million smartphone users
Step 4: Estimate the average lifespan of a smartphone
The average lifespan of a smartphone in India can be estimated to be about 2 years or 24 months.
Step 5: Calculate the number of smartphones sold every month
Since the average lifespan of a smartphone is 24 months, we can assume that every month, 1/24th of the total smartphone users are buying a new smartphone.
560 million (smartphone users) / 24 months (lifespan) = 23.33 million smartphones sold every month
So, approximately 23.33 million smartphones are sold in India every month. Please note that this is a rough estimate and the actual number may vary depending on various factors like market trends, economic conditions, and consumer preferences.
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