Xiaomi narrows gap with Samsung; Redmi Note 4 top selling phone in Q3, 2017: Report
Three out of the top five best selling smartphones in India were from Xiaomi alone, reports Counterpoint Research.
Chinese handset maker Xiaomi, which debuted in India in 2014, is now the second biggest smartphone brand in the country, according to the latest report by research firm Counterpoint. While Samsung retained the top position in Q3, 2017 with 23% shipments market share, Xiaomi closed in on with 22%.
According to Counterpoint's 'Market Monitor service', India handset shipments reached an all-time high of over 84 million for the first time ever, driven by strong sale of both featurephones and smartphones.
"This is the first time since 2012 that Samsung and Xiaomi have reached this level of combined share. Additionally, the quarter was marked with return to growth for local handset players such as Micromax and Lava in the smartphone segment," said Karn Chauhan, Research Analyst at Counterpoint Research.
Chinese brands performance remained strong and contributed to more than half of the total smartphone shipments.
It is the third consecutive quarter when their market share is well over 50 per cent after they took over local players in the second half of 2016.
However, local brands like Micromax and Lava grew 41 per cent and 24 per cent (QoQ), respectively, in the smartphone segment recovering from their all-time low during demonetisation last year.
Micromax Bharat 2 was the bestselling model in the sub $75 segment.
Xiaomi, iTel, Oppo, Vivo Aand OnePlus were the fastest growing smartphone brands during the third quarter driven by festive sales.
Featurephone segment declined 4 per cent (YoY) but grew 22 per cent (QoQ) driven by sub-₹1,000 devices as well as entry of JioPhone and Nokia branded phones in the market during the quarter.
"It has been almost a year since Reliance Jio launched its 4G LTE network officially, which drove an inflection point for mobile data consumption as well as demand for 4G capable phones," said Shobhit Srivastava, Research Analyst at Counterpoint.
Within a year, Jio attracted more than 100 million subscribers to its network and now is targeting the next 100 million subscribers by bringing the first ever LTE featurephone to the market.
Three out of four mobile handsets shipped were "Made in India" during the third quarter. Affordable mid end segment (₹10,000-₹15,000) was the fastest growing segment driven by strong performance of Xiaomi which contributed to almost half of the shipments.
"Three out of the top five bestselling smartphones in India were from Xiaomi alone. Xiaomi has been popular in the past for its value for money offerings," said Counterpoint Associate Director Tarun Pathak.
Premium segment (above ₹30,000) grew record three times (YoY) during the third quarter owing to the strong performance of Apple, OnePlus and Samsung. Qualcomm was the leader among smartphone chipset suppliers.