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Technology Other News 27 Apr 2019 Chinese brands rule ...

Chinese brands rule Indian smartphone market with 2/3rds of share: report

REUTERS
Published Apr 27, 2019, 9:48 am IST
Updated Apr 27, 2019, 9:48 am IST
Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.
Xiaomi’s India shipments fell by 2 per cent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.
 Xiaomi’s India shipments fell by 2 per cent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Chinese brands controlled a record 66 per cent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 per cent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 per cent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

 

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

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Cricket World Cup 2019


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