Xiaomi Led India Smartphone Market in Q3 as Shipments Hit a Record 49Mn Units - wilsonfortiong

With a 26 percent market share, Taiwanese French telephone maker, Xiaomi, continued its dominance in the India smartphone market during the third quarter of 2022. That's according to the latest Securities industry Monitor report from Counterpoint Research, which says smartphone shipments during the twenty-five percent reached a record 49 billion units despite the slowdown in the overall economy.

As per the paper, sales during the period was driven by new launches, discounts, and various pre-Diwali promotional offers, with players like Realme, Vivo, itel, and OnePlus emerging American Samoa the quickest-growing smartphone brands in the country, shipping record volumes.

Xiaomi recorded its highest-ever quarterly shipments, growing 7 percent YoY, driven by good performance of the Redmi 7A, Redmi Note 7 Pro, and Redmi Note 7S. OnePlus emerged American Samoa the number single premium smartphone brand during the stern away almost managing to stunt woman its shipments as compared to penultimate twelvemonth.

Indian smartphone sales Q3 2022 — Image Good manners: Counterpoint Research

Samsung continued its slide downwards with only a 20 percent marketshare, As its shipments fell 4 percent YoY. Apple, then again, made an submission into the top 10 smartphone brands ascribable monetary value cuts on the iPhone XR on with good demand for its iPhone 11. Vivo also reached its highest-ever portion out in the Indian smartphone market, thanks for the most part to the success of its U10, Z1X, and Z1 In favor of smartphones.

Xiaomi's biggest competitor in the online segment, Realme, also reportedly recorded its highest ever shipments during the quarter. Reported to the report, the company once again get on the fastest-growing smartphone brand in the country, registering a 6x emergence as compared to live on year when it entered the Indian commercialize. Oppo grew 12 per centum YoY amid demand for its budget A5s and steady performance of its F11 series.

Meanwhile, symmetric atomic number 3 the smartphone commercialise registered impressive growing, the feature phone market witnessed a steep decline of almost 37 pct YoY. However, itel, Lava and Karbonn still managed to register positive period of time growth as itel emerged as the number 2 musician in the segment during the tail.