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Xiaomi, Samsung now rule half of Indian smartphone market

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Samsung and Xiaomi together contributed to almost 45 per cent of the smartphone market in India in the third quarter of this year as the market grew 37 per cent (quarter on quarter) and 18 per cent (year on year), temporarily surpassing the US for the first time ever.
According to the latest research from Counterpoint’s ‘Market Monitor service’, India handset shipments reached an all-time high of over 84 million for the first time ever, driven by strong sale of both featurephones and smartphones.
“This is the first time since 2012 that Samsung and Xiaomi have reached this level of combined share. Additionally, the quarter was marked with return to growth for local handset players such as Micromax and Lava in the smartphone segment,” said Research Analyst at Counterpoint Research, Karn Chauhan.
Chinese brands performance remained strong and contributed to more than half of the total smartphone shipments.
It is the third consecutive quarter when their market share is well over 50 per cent after they took over local players in the second half of 2016.
However, local brands like Micromax and Lava grew 41 per cent and 24 per cent (QoQ), respectively, in the smartphone segment recovering from their all-time low during demonetisation last year.
Micromax Bharat 2 was the bestselling model in the sub US $75 segment.
Xiaomi, iTel, Oppo, Vivo and OnePlus were the fastest growing smartphone brands during the third quarter driven by festive sales.
Featurephone segment declined 4 per cent (YoY) but grew 22 per cent (QoQ) driven by sub-Rs 1,000 devices as well as entry of Jiophone and Nokia branded phones in the market during the quarter.
“It has been almost a year since Reliance Jio launched its 4G LTE network officially, which drove an inflection point for mobile data consumption as well as demand for 4G capable phones,” said Research Analyst at Counterpoint, Shobhit Srivastava.
Within a year, Jio attracted more than 100 million subscribers to its network and now is targeting the next 100 million subscribers by bringing the first ever LTE featurephone to the market.
Three out of four mobile handsets shipped were ‘Made in India’ during the third quarter.
Affordable mid end segment (Rs 10,000-Rs 15,000) was the fastest growing segment driven by strong performance of Xiaomi which contributed to almost half of the shipments.
“Three out of the top five bestselling smartphones in India were from Xiaomi alone. Xiaomi has been popular in the past for its value for money offerings,” said Director, Counterpoint Associate, Tarun Pathak.
Premium segment (above Rs 30,000) grew record three times (YoY) during the third quarter owing to the strong performance of Apple, OnePlus and Samsung.
Qualcomm was the leader among smartphone chipset suppliers.

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