financetom
Technology
financetom
/
Technology
/
India smartphone market reaches all-time high shipment of 42.6 million in FY18, says IDC
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India smartphone market reaches all-time high shipment of 42.6 million in FY18, says IDC
Nov 15, 2018 8:38 PM

Smartphone shipments in India touched an all-time high of 42.6 million units in July-September 2018 quarter, registering an year-on-year growth of 9.1 per cent, according to the research firm IDC. This is the first time when the smartphone market is at par with the feature phone market with each segment contributing 50 percent to the overall mobile phone market, IDC said in a statement.

Xiaomi led the smartphone tally with shipment of 11.7 million units and 27.3 per cent market share, followed by Samsung 9.6 million units (22.6 percent share), vivo 4.5 million units (10.5 percent share), Micromax 2.9 million units (6.9 percent share) and Oppo 2.9 million units (6.7 percent share).

"With the duty hikes in place and the dollar fluctuation, smartphone vendors are expected to raise prices of devices in the coming months rather than absorbing the cost or clocking it under cash backs and financing schemes etc," IDC India Associate Research Director Client Devices and IPDS Navkendar Singh said.

Moreover, offerings like AI, full-screen displays with notches, and higher memory configurations are expected to drive volumes from low to mid-range devices, carving out an affordable premium segment, especially for the upgrades, Singh added.

In the $400 and above segment (premium category), OnePlus clocked its highest ever shipment in a quarter and surpassed Samsung and Apple in terms of shipment in the said quarter.

"With the onset of festive season, shipments in Q3'18 were primarily driven by the e-tailer channel in preparation for the multiple sale events in the run-up to the Diwali festival," IDC India Associate Research Manager Channel Research Upasana Joshi said.

Additionally, strong online exclusive portfolios driven by brands like Xiaomi, Honor, Realme, Asus, OnePlus, etc. resulted in quarter-on-quarter (QoQ) growth of 37 per cent, taking the online share to 39 per cent in the third quarter of 2018, she added.

The offline segment registered a slower annual growth of 6.6 per cent in the September 2018 quarter, IDC said.

With 2.1 per cent y-o-y growth, the feature phone market registered shipments of 43.1 million units in the September 2018 quarter.

First Published:Nov 16, 2018 5:38 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tencent-backed video game 'Black Myth: Wukong' hits record player numbers on debut
Tencent-backed video game 'Black Myth: Wukong' hits record player numbers on debut
Aug 20, 2024
BEIJING (Reuters) - A new video game title launched on Tuesday by a Tencent-backed startup has quickly become the most-played game on a major online platform, highlighting growing interest in Chinese-developed titles. Black Myth: Wukong, based on the Chinese mythological figure and classic novel Journey to the West, topped Steam's most-played games chart with 1.4 million concurrent players hours after...
EU approves biggest grant yet under Chips Act for TSMC Germany plant
EU approves biggest grant yet under Chips Act for TSMC Germany plant
Aug 20, 2024
BRUSSELS, Aug 20 (Reuters) - The European Commission said on Tuesday it had approved 5 billion euros ($5.5 billion) in German state aid to support a new microchip plant in Dresden for the European Semiconductor Manufacturing Company (ESMC). The award for the project led by Taiwan's TSMC is the biggest state subsidy granted so far under the EU Chips Act,...
EU approves 5 bln euro German aid for ESMC semiconductor plant in Dresden
EU approves 5 bln euro German aid for ESMC semiconductor plant in Dresden
Aug 20, 2024
BRUSSELS, Aug 20 (Reuters) - The European Commission said on Tuesday that it had approved a 5 billion euro ($5.5 billion) German state aid measure to support a new microchip manufacturing plant in Dresden for the European Semiconductor Manufacturing Company (ESMC). ESMC is a joint venture between Taiwan Semiconductor Manufacturing Company ( TSM ), Bosch, Infineon and NXP. ($1 =...
Germany's Scholz paints nationalism as threat to industry at new chip plant
Germany's Scholz paints nationalism as threat to industry at new chip plant
Aug 20, 2024
DRESDEN, Aug 20 (Reuters) - German Chancellor Olaf Scholz warned against nationalism in the country's east at the groundbreaking ceremony for a semiconductor plant in Dresden on Tuesday, warning that such resentment endangered investments in key future technologies. We still need a pro-European Germany that's open to the world, instead of nationalism and resentment, Scholz said in a speech at...
Copyright 2023-2026 - www.financetom.com All Rights Reserved