According to data that has been released by Flipkart, an online retailer, it is expecting a compound annual growth rate (CAGR) in mobile commerce of another 150 percent that will occur until 2016. At the moment, e-commerce in India is estimated to be worth about $4 billion. However, as cheaper handsets have become widely available, it has made it much easier for people throughout the country to be able to hunt for products, compare prices, and buy the items that they want in mobile commerce stores. Flipkart has reported that its own visits via smartphone has spiked by 200 percent in a single year. eBay India has been receiving about 35 percent of its overall traffic from these mobile devices.