Rs 500 crores (roughly USD 120 million) worth of phones lost.. heck, thats a lot! No wonder, India is such a lucrative market for the Mobile phone manufacturers and service companies!
Indian mobile phones users suffer an annual loss of Rs 500 crore due to theft or misplaced handsets, industry experts said on Thursday.
Speaking at a seminar on ‘Mobile Security India 2007’ Samsung Telecommunications India Managing Director H C Ryu said, “With the explosion in the mobile industry, mobile thefts and misplacements are becoming a common occurrence which leads to an annual loss of Rs 500 crore.”
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