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 >
China expands rare earth restrictions, targets defence, semiconductor users
China expands rare earth restrictions, targets defence, semiconductor users
Oct 9, 2025
* China curbs export of five new rare earth elements * New rules come weeks ahead of Trump-Xi meeting * Foreign producers who use Chinese tech, material required to comply * Foreign semiconductor users will face more scrutiny (Recasts to include new Chinese rare earth restrictions) BEIJING, Oct 9 (Reuters) - China tightened its rare earth export controls on Thursday,...
Checkmarx One Achieves Unprecedented Enterprise Adoption and Over $150M ARR in Three Years Under New Leadership
Checkmarx One Achieves Unprecedented Enterprise Adoption and Over $150M ARR in Three Years Under New Leadership
Oct 9, 2025
Company pioneers new AI Code Security Assistant category with Developer Assist and delivers groundbreaking research as platform grows PARAMUS, N.J.--(BUSINESS WIRE)-- Checkmarx, the global leader in agentic-AI powered application security testing, today announced record-breaking growth for its flagship platform, Checkmarx One, underscoring a wave of customer adoption fueled by innovation and strategic leadership. The news comes alongside groundbreaking research...
China announces artificial diamond export curbs set to take effect day before US tariff truce deadline
China announces artificial diamond export curbs set to take effect day before US tariff truce deadline
Oct 9, 2025
BEIJING (Reuters) -China on Thursday announced export curbs on some types of artificial diamonds set to take effect just before the U.S.-China tariff truce is scheduled to end, further tightening Beijing's grip over high-tech manufacturing supply chains. Certain artificial diamond micropowders, single crystals, wire saws and grinding wheels will require an export licence from November 8, China's commerce ministry and...
Exodus Movement, Inc. September 2025 Treasury Update and Monthly Metrics
Exodus Movement, Inc. September 2025 Treasury Update and Monthly Metrics
Oct 9, 2025
OMAHA, Neb., Oct. 09, 2025 (GLOBE NEWSWIRE) -- Exodus Movement, Inc. ( EXOD ) (Exodus or “the company”), a leading self-custodial cryptocurrency platform, today announced an update to selected digital asset holdings of Exodus’ corporate treasury, as well as updated user and exchange provider processed volume metrics, as of September 30, 2025: Selected Digital Asset Holdings (Unaudited) Bitcoin (BTC): 2,123...
Copyright 2023-2026 - www.financetom.com All Rights Reserved