Page 2 - Smartphone Market

Samsung leads smartphone market in India with 18% share in 2023: Report

Korean mobile devices maker Samsung led the Indian smartphone market with an 18 per cent share in 2023, market research firm CyberMedia Research said in a report on Monday. In the December quarter, however, Chinese company Xiaomi had the highest market share, the report said. According to CyberMedia Research (CMR) estimates, the India smartphone market grew 19 per cent on a year-over-year (y-o-y) basis and the share of 5G smartphone shipments increased to 65 per cent with a 122 per cent growth. "Samsung maintained its leadership in the smartphone market with an 18 per cent market share, followed by Vivo at 16 per cent in calendar year 2023. In the 5G smartphone segment also, Samsung topped the leaderboard with 23 per cent followed by Vivo at 15 per cent and OnePlus at 13 per cent," CMR's India Mobile Handset Market Review Report said. In the December quarter, the overall mobile market shipments recorded a growth of 29 per cent. "Xiaomi (19 per cent), Samsung (18.9 per cent), and V

Apple pips Samsung to become top global smartphone brand in 2023: Report

According to IDC, Apple recorded an all-time high market share of over 20 per cent in 2023, driving it ahead of Samsung that recorded a market share of 19.4 per cent in the same year

Global smartphone market sees growth after over 2 yrs in October: Report

The data showed that global monthly smartphone sell-through volumes grew 5%, making October the first month to record year-on-year growth since June 2021

Xiaomi posts first sales rise in almost two years as phone market firms

The recent launch of a well-received line of flagship Xiaomi 14 phones could rejuvenate growth during the holidays in China, despite an uncertain consumer economy

Lava eyes 10% smartphone market in 2 yrs with investment of Rs 600 crore

Home-grown mobile devices maker Lava International expects to capture 10 per cent market share in under Rs 30,000-priced smartphone segment on account of up to Rs 600 crore investment in product development and marketing in the next two years, a senior company official said. Lava International President Sunil Raina told PTI that at a time when several Indian mobile phone companies succumbed to the pressure of aggressive pricing of foreign players around 2016-17 coupled with challenges posed by demonetisation and GST implementation, Lava focussed on its core strength and re-worked on the growth strategy. The company relaunched its smartphone business with a small pause with focus on customer experience around devices and providing repair service at home, Raina said. He said that the company has realised that technology has to be competitive for growth along with visibility. "With branding and product development, we will invest Rs 500-600 crore in the next two years with a large par

China dragging global smartphone market to worst year in a decade

"Asia is one of the major hurdles to positive growth, as headwinds halt the economic turnaround anticipated for China," the report said

TECNO eyes 7% market share in 2023, aims to be among top 5 next year

Mobile devices maker TECNO plans to corner a 7 per cent market share in the Indian smartphone market by the end of this year and be among the top five players next year, a senior company official said on Friday. TECNO Mobile, which is owned by China-based Transsion, earlier focussed on affordable and medium-range smartphones but it has now entered into premium and ultra-premium segment this year which has been a high growth segment across the industry. "We are looking to close a 7 per cent market share by the closing of this year and we aim to feature in top 5 players by the next year. We will strengthen our portfolio in the price range of Rs 6,000 to Rs 1 lakh with a product for everyone," TECNO Mobile India CEO Arijeet Talapatra said. He was speaking on the sidelines of the company's annual event, 'World of TECNOlogy' after unveiling the POVA 5 series and MEGABOOK laptop on its inaugural day. "POVA is the online exclusive sub-brand of Tecno which is targeted toward the digital ..

India's smartphone market on the mend, Q2 CY23 shipments slip just 3%

Though overall shipments declined for the fourth consecutive quarter, their magnitude reduced significantly, from 19 per cent YoY in Q1 to 3 per cent in Q2

Realme launches Narzo 60 Pro, Narzo 60 5G phones, Buds Wireless 3 earphone

Both the smartphones will be available for pre-booking on July 6 from 1 pm on Amazon India and Realme online store

Nothing raises $96 mn to expand product and technology portfolio: Details

The fundraising round was led by Highland Europe, with participation from existing investors GV (Google Ventures), EQT Ventures and C Capital, and house music supergroup Swedish House Mafia

With demand for handsets, POCO India eyes 75-80% business growth in 2023

Smartphone player POCO India expects a 75-80 per cent year-on-year jump in business in 2023, mainly due to demand for its handsets in the medium and economy segment, a top company official said on Monday. POCO India Country Head Himanshu Tandon told PTI that as per market research firm Canalys, the overall smartphone market in India has declined 10 to 15 per cent and online sales dropped 20 per cent, but Xiaomi's sub-brand has emerged as the fastest growing online label, with a 68 per cent jump in sales for the March 2023 quarter. The launch of three models in the C-series under Rs 10,000 and X5 Pro in the price range of Rs 20,000-25,0000 segment fuelled the company's growth in the first quarter of 2023, he noted. "It's the start of the year, and we have taken very aggressive targets. From a YoY perspective, we want to have 75 to 80 per cent growth compared to last year," Tandon said. He said the first quarter has been on track with 68 per cent growth, and preliminary numbers for t

Vivo exits German market after OnePlus, OPPO due to patent dispute

After OnePlus and OPPO, now smartphone brand Vivo has also exited the German market and said that its products are currently not available in the country

Apple's iOS 17: Check which models will be compatible with new upgrade

Apple has decided to drop software support for some older models, keeping in mind its growing number of smartphone offerings

Hiring sentiment in sales hit due to slowdown in mobile shipments: Report

The report suggested that while there are no job cuts yet, it could be a possibility, given the shipments do not pick up

Samsung faces serious competitor in fast growing foldable phone market

While Samsung is facing a tougher race in the foldable segment, more competition also means a bigger and more creative ecosystem and wider market adoption

Making a mark: Premium moves up the smartphone food chain, shows data

Analysts expect premium smartphone sales to largely propel growth as shipments of entry-level devices hit the skids

India's smartphone market records steepest first quarter decline of 19%

India's smartphone shipments dipped to about 31 milion units in the January-March quarter, thereby recording the steepest fall of 19 per cent in the first quarter on year-over-year basis, market research firm Counterpoint said on Thursday. Mobile phones priced below Rs 30,000 apiece recorded a sharp decline while shipment in the premium and ultra premium category registered 60-66 per cent increase. "This was the highest ever Q1 decline seen by India's smartphone market, besides being the third consecutive quarterly decline. Sluggish demand, high inventory build-up carried over from 2022, growing consumer preference for refurbished phones and pessimistic channel view of the market contributed to this decline," Counterpoint's market monitor service report said. 5G smartphones's contribution to total smartphone shipments reached a record of 43 per cent. "With a 20 per cent share, Samsung led the Indian smartphone market for the second consecutive quarter. It was also the top 5G brand,

India leads global refurbished smartphone market, Apple captures 49% share

5G is growing in the secondary markets and it now makes up 13 per cent of global refurbished sales, according to Counterpoint Research

Global smartphone market falls 12% in Q1 2023, Samsung improves: Report

Apple fell to the second position with a 21 per cent market share, closing the gap with Samsung due to the strong demand for its iPhone 14 Pro series in Q1 2023

New Nokia smartphone X30 5G with 6.43-inch display launched in India

The X30 5G comes with a 16MP front selfie camera, and is equipped with the Qualcomm Snapdragon 695 processor to optimise the potential of 5G