Samsung becomes second largest brand in India after Xiaomi - as Chinese smartphones' market share falls in June quarter
Samsungclosely followed Xiaomi which logged 29 per cent market share to remain at the top in Q2.
- Samsung also has a diversified supply chain compared to its competitors, which helped it to maintain a steady flow of components. It was the first brand to reach almost full manufacturing capacity by the end of June, the report mentioned.
- It was compounded by stringent actions taken by the government to ban 59 apps of Chinese origin and delay the import of goods from China amid extra scrutiny.
South Korean major Samsung became the second largest smartphone brand with 26 per cent market share in India in the second quarter (April-June period) which is its highest share in the past two years, a new report said on Friday.
Amid stuttering supply for some
Samsung closely followed Xiaomi which logged 29 per cent market share to remain at the top in Q2.
Revamping the M-series and launching it in offline channels together with new schemes like Samsung Care+ helped the brand to further restore its position in the
Samsung also has a diversified supply chain compared to its competitors, which helped it to maintain a steady flow of components. It was the first brand to reach almost full manufacturing capacity by the end of June, the report mentioned.
"The contribution of Chinese brands fell to 72 per cent from 81 per cent in Q2 2020. This was mainly due to the mixture of stuttering supply for some major Chinese brands such as OPPO, Vivo and realme, and growing anti-China sentiment," said Shilpi Jain, Research Analyst at Counterpoint.
It was compounded by stringent actions taken by the government to ban 59 apps of Chinese origin and delay the import of goods from China amid extra scrutiny.
Overall, the smartphone market declined a massive 51 per cent (year-on-year) to just over 18 million in Q2 as April was a washout.
The nationwide lockdown resulted in zero shipments during April.
"The pandemic wiped out almost 40 days of production as well as the sales of smartphones due to the nation-wide lockdown. The quarter was marred by both demand and supply constraints which led OEMs to rethink their go-to-market strategies," said Prachir Singh,
In June, the smartphone shipments registered a mild decline of 0.3 per cent (YoY) thanks to the pent-up demand as well as a push from brands.
Vivo with 17 per cent share at third spot was able to manage post lockdown demand well as it exited the quarter with 60 per cent pre-Covid levels.
The launch of flagship V19 and adding more smartphones like Y50, Y30 to its Y-series portfolio helped the brand to recover fast in June.
"Local manufacturing, R&D operations, attractive value-for-money offerings and strong channel entrenchment by Chinese brands leaves very few options for consumers to choose from. Additionally, in the era of globalization, it is difficult to label a product based on country of origin as components are being sourced from many different countries," said Jain.
Realme maintained the fourth spot though its share declined to 11 per cent as it faced manufacturing constraints due to the shutdown of the factory for almost all of May.
After Google, PwC India declares a company-wide holiday for its employees this Friday – offers time off for a 'well-deserved' break
Mukesh Ambani is now the fifth richest person in the world, according to Forbes
The H1-B visa ban is not what Indian IT firms want— but they are pocketing some savings while it lasts
Popular on BI
- K'taka Assembly passes supplementary budget of Rs 10,265 crore
- Sports NFT platforms have racked up nearly $1 billion in funding this week alone, despite market slump
- COVID-19 virus likely to get weaker and become a common cold, says Oxford-AstraZeneca vax creator
- Best teether for growing baby in India
- TiE Delhi-NCR kickstarts the 10th Edition of India Internet Day themed Digital India: Escape Velocity