The smartphone industry of India grew 23% in Q1; Xiaomi leads, Samsung 2nd
By Sanjay Maurya
News Highlights
- India’s smartphone shipments grew by a solid 23 percent in the 1st quarter of the calendar year 2021 to more than 38 percent of units.
- Xiaomi retained its number one position from the front. Xiaomi’s shares fell 3% points to 23 percent.
- Enabling Samsung to grow by 24% for the 1st time in 2 years.
The smartphone industry of India grew 23% in the first quarter of 2021
India’s smartphone shipments grew by a solid 23 percent in the first quarter of the calendar year 2021 to more than 38 percent of units. This is evident from the latest research report of Counterpoints Market Monitor. New product launches, promotions, and financial events; And an increase in demand from the previous year.
However, Counterpoint warned that the 2nd wave of COVID-19, which is more robust and intense than the 1st, could hold back future demand.
Senior Indian analyst Praveer Singh said, “The Indian smartphone industry continues its outstanding growth and records shipments for the 3rd consecutive quarter in the first quarter of 2021.” “Consumer confidence has also increased with the introduction of vaccination campaigns in India.
“These numbers should be viewed with caution as the 2nd and a more viral wave of COVID-19 is currently in the country and is expected to make an impact in the coming quarters,” he said. “The current wave of COVID-19 and subsequent lockdown will reduce consumer demand.
Xiaomi retained its number position 1st from the front, even though its market share fell by 5% points from 31% to 26% in the 2020 first quarter. In the 3rd quarter of 2020, Samsung was well ahead of its nearest rival Samsung, as sentiment rose against China in the country. Overall, Xiaomi saw a 4% increase in the quarter.
In the 3rd quarter of last year, Xiaomi’s shares fell 3% points to 23 percent, enabling Samsung to grow by 24% for the first time in two years.
However, South Korea’s consumer electronics giant saw the highest growth of 52% in the period under review, improving its share of Vivo from 16 to 20 percent ahead. Samsung’s development was driven by a focus on the budget segment with the new M02 series. And many other publications. India’s entire mobile market grew 19% year-on-year in this quarter.
