"Also, $350-$400 (may be even $500 for topend) is a sweet spot for smart phones in India. "
Given that the average Indian worker makes less than $6k a year, I'm not sure I'd really describe those figures as a "sweet spot".
Given that the average Indian worker makes less than $6k a year, I'm not sure I'd really describe those figures as a "sweet spot".
The market for smart phones is pretty big in India.
(Don't have the sales numbers at hand. But Admob metrics report shows that in the first 3 months of 2010, they served 2.8 billion requests to cellphones in India. 63.1% of them were from smart phones. This doesn't mean that 2 out of 3 cell phones in India are smart phones as folks without smart phones don't usually go online much. But it does mean that the Indian market for smart phones is bigger than the Australian market - where Admob served 656 million requests in the first quarter of 2010.)
India has unequal distribution of wealth compared to western countries. Thinking of India as a poor country is common mistake.