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 >
Goodyear price attacks current resistance - Forecast today - 29-05-2025
Goodyear price attacks current resistance - Forecast today - 29-05-2025
May 29, 2025
The Goodyear Tire Rubber Companys stock price (GT) extended its gains in latest intraday trading and tackled the important resistance of $11.65, boosted by trading above the 50-day SMA, coupled with positive signals from the Stochastic, amid the dominance of the upward correctional trend in the short term. Therefore we expect more gains for the stock, especially if the resistance...
Nvidia stock price faces positive outlook - Forecast today - 12-05-2025
Nvidia stock price faces positive outlook - Forecast today - 12-05-2025
May 29, 2025
Nvidia Corporations stock price (NVDA) edged lower in the last session but indicators pointed to a surge in pre-market trading following strong earnings results, which bolstered investor sentiment and the positive outlook for the price. Technically, the stock still moves within a strong upward trend in the short term alongside the upward trend line, boosted by a surge in trading...
Factbox-Top cases before the US Supreme Court
Factbox-Top cases before the US Supreme Court
May 29, 2025
(Reuters) -The U.S. Supreme Court's current term includes cases involving birthright citizenship, guns, gender-affirming medical care for transgender minors, online pornography, religious rights, preventive healthcare, Planned Parenthood funding, job discrimination, federal regulatory powers on nuclear waste storage and vape products, voting rights and more. Here is a look at some of the cases already argued and decided and still to...
Comparing NVIDIA With Industry Competitors In Semiconductors & Semiconductor Equipment Industry
Comparing NVIDIA With Industry Competitors In Semiconductors & Semiconductor Equipment Industry
May 29, 2025
Amidst today's fast-paced and highly competitive business environment, it is crucial for investors and industry enthusiasts to conduct comprehensive company evaluations. In this article, we will delve into an extensive industry comparison, evaluating NVIDIA ( NVDA ) in comparison to its major competitors within the Semiconductors & Semiconductor Equipment industry. By analyzing critical financial metrics, market position, and growth potential,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved