May 2019 \ Business & Investment \
Xiaomi slips but retains top spot in Indian market

Despite losing its turf in India a little, Chinese smartphone maker Xiaomi ...

Despite losing its turf in India a little, Chinese smartphone maker Xiaomi retained its top slot in the first quarter (Q1) of 2019, garnering 29 percent market share, Counterpoint Research has announced. Xiaomi’s India shipments declined by 2 percent year-on-year (Y-o-Y) as it had recorded 31 percent market share in the same quarter last year. South Korean giant Samsung with 23 percent market share stood second, and Vivo gained much ground to hit the third spot with 12 percent share. The market share of Chinese brands in the Indian smartphone market reached a record 66 percent during Q1 2019, according to Counterpoint’s “Market Monitor” service.

Overall, India’s smartphone shipments grew 4 percent Y-o-Y. “Data consumption is on the rise and users are upgrading their phones faster as compared to other regions. This has led to users spending more on their purchase which is driving up the overall average selling price (ASP) in the market,” explained Tarun Pathak, Associate Director, Counterpoint. As a result, the premium specifications are now diffusing faster into the mid-tier price brands. Volumes for the Chinese brands grew 20 percent YoY, mainly due to the growth of Vivo, Realme and OPPO. Xiaomi’s newly-launched Redmi Note 7 series (Note 7 and Note 7 Pro) crossed the one million mark within the first quarter of its launch. Xiaomi’s offline contribution was highest in March. Samsung’s A-series shipments surpassed two million units. “The newly launched online-only M series started well too, but it will need a strong follow-up device to continue its momentum on the online platforms,” said Counterpoint.

Samsung also recorded a strong sell-in of its premium Galaxy S10 series which drove overall ASP for Samsung. Huawei’s ASP reached the highest-ever level driven by the recently launched HONOR 10 Lite, HONOR View 20 and end of life for its entry-level segment. “Realme continues to figure among top five brands for the second successive quarter while Vivo’s market share reached its highest ever level in India in Q1 2019,” the report added.

Tags: China

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