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 >
Chip industry groups slam expected rules in private letter to Biden
Chip industry groups slam expected rules in private letter to Biden
Jan 14, 2025
Jan 14 (Reuters) - A half-dozen trade groups from the semiconductor and manufacturing industries sent a private letter to U.S. President Joe Biden complaining that new export controls expected this week were rushed through without consulting them. The Biden administration on Monday released regulations on where computing chips from Nvidia ( NVDA ) can be placed around the world, setting...
Chip industry groups slam expected rules in private letter to Biden
Chip industry groups slam expected rules in private letter to Biden
Jan 14, 2025
(Reuters) - A half-dozen trade groups from the semiconductor and manufacturing industries sent a private letter to U.S. President Joe Biden complaining that new export controls expected this week were rushed through without consulting them. The Biden administration on Monday released regulations on where computing chips from Nvidia ( NVDA ) can be placed around the world, setting up a...
Sprout Social Stock: A Deep Dive Into Analyst Perspectives (6 Ratings)
Sprout Social Stock: A Deep Dive Into Analyst Perspectives (6 Ratings)
Jan 15, 2025
Ratings for Sprout Social ( SPT ) were provided by 6 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings...
After Nvidia, Semiconductor Trade Groups Oppose  Biden's Chip Export Measures: Rules Threaten To 'Derail Innovation And Economic Growth Worldwide'
After Nvidia, Semiconductor Trade Groups Oppose Biden's Chip Export Measures: Rules Threaten To 'Derail Innovation And Economic Growth Worldwide'
Jan 14, 2025
U.S. semiconductor trade groups have mounted strong opposition to the President Joe Biden administration’s new chip export restrictions, warning of potential market share losses to global competitors in a private letter to Biden. What Happened: The letter Tuesday, signed by six trade organizations including the Semiconductor Industry Association and SEMI, criticized the administration’s approach to implementing stricter controls on advanced...
Copyright 2023-2026 - www.financetom.com All Rights Reserved