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 >
Microsoft Options Trading: A Deep Dive into Market Sentiment
Microsoft Options Trading: A Deep Dive into Market Sentiment
Mar 12, 2025
Deep-pocketed investors have adopted a bullish approach towards Microsoft ( MSFT ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MSFT usually suggests something big is about to happen. We gleaned this information from...
BlackBerry QNX Introduces All-in-One Functional Safety Platform for Smarter, Safer Robotics
BlackBerry QNX Introduces All-in-One Functional Safety Platform for Smarter, Safer Robotics
Mar 12, 2025
BlackBerry Limited ( BB ) division QNX introduced a Functional Safety (FuSa) platform designed for advanced robotic systems. In collaboration with Intel and NexCOBOT, the platform integrates both robotic and safety controls onto a single NexCOBOT board. This consolidation is intended to help manufacturers and developers reduce costs, minimize power consumption, enhance thermal efficiency, and lower the risk of hardware failures....
This Is What Whales Are Betting On Arista Networks
This Is What Whales Are Betting On Arista Networks
Mar 12, 2025
Financial giants have made a conspicuous bearish move on Arista Networks ( ANET ). Our analysis of options history for Arista Networks ( ANET ) revealed 17 unusual trades. Delving into the details, we found 23% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $135,650,...
Japanese Growth Allows For BOJ's Hikes, Provides Trading Opportunities In 2025
Japanese Growth Allows For BOJ's Hikes, Provides Trading Opportunities In 2025
Mar 12, 2025
The Japanese economy is set for moderate growth, helping the Bank of Japan (BOJ) continue with a tightening monetary policy that would otherwise choke the economy. As leading global economies measure the next steps for monetary easing, the BOJ is marching to the beat of its drum, providing numerous opportunities in the Asian currency market. Daiwa Securities predicts Japan’s real...
Copyright 2023-2026 - www.financetom.com All Rights Reserved