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India smartphone market grew by 4% in Q1, but 10% decline in shipments expected in 2020- Technology News, Firstpost




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Counterpoint Research experiences that the Indian smartphone market has witnessed a development of Four % year-on-year in smartphone shipments in the primary quarter of this 12 months earlier than the lockdown was imposed in March. The report reveals {that a} complete of 31 million models have been shipped in Q1.

Currently, as a result of lockdown, e-commerce web sites are solely purported to ship important items until 3 May. So, it’s only after the lockdown lifts, that we are able to get a transparent image of whether or not these models are literally bought or not. Counterpoint Research urged that resulting from this nationwide lockdown, the market is ready to see a decline in these numbers. In addition to this, Indian smartphone cargo is more likely to see a decline of 10 % this 12 months.

 India smartphone market grew by 4% in Q1, but 10% decline in shipments expected in 2020

Xiaomi noticed a 6 % year-on-year development in shipments in Q1 2020. Image: tech2/ Prannoy Palav

The report means that Xiaomi has dominated the market in phrases of shipments in Q1 2020, with a 30 % market share. Due to the excessive demand for the Redmi eight collection, Xiaomi noticed a six % year-on-year development in the identical quarter. Xiaomi is reportedly adopted by Vivo with a 17 % market share. A decline from 21 % in This autumn 2019 to 17 % in Q1 2020 can be reported in the market share of Vivo. Samsung stands at third place with 16 % market share and Realme secures the fourth place, adopted by Oppo at fifth.

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As per the report, Apple emerged because the market chief in the ultra-premium section (Rs 45Okay and above) with 55 % market share. Discounts on iPhone 11 (Review) on Flipkart and Amazon are expected to be a driving issue right here.

Shilpi Jain, analysis analyst at Counterpoint Research stated in a press release, “smartphones must be thought-about as important gadgets throughout the lockdown as persons are depending on them as a main mode of communication. Sales must be allowed by way of on-line channels or by way of Online to Offline (O2O) mannequin. This is occurring in Europe and the USA the place on-line channels nonetheless stay in service.”

The report additionally mentions that the improve in GST on smartphones to 18 % will margin for OEMs (Original Equipment Manufacturers) and it’ll mirror in the costs of upcoming telephones as properly.

Find newest and upcoming tech devices on-line on Tech2 Gadgets. Get know-how information, devices opinions & rankings. Popular devices together with laptop computer, pill and cell specs, options, costs, comparability.

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