In response to Counterpoint Analysis, smartphone shipments in India declined 51 % yr over yr within the second quarter of 2020 to only over 1.eight million models, as a result of blockage attributable to corona viruses. Xiaomi continued to guide within the quarter, regardless of provide shortages as a result of COVID 19 pandemic and rising sentiment towards China. Nonetheless, Samsung is alleged to have recovered quickest from the pandemic, reaching 94 % of the nation’s pre-COVID ranges. The South Korean firm elevated from 16 % market share in March to 26 %.
In response to a report from Counterpoint Analysis, the smartphone market is starting to normalize after deliveries have been not recorded as a result of nationwide blockage in April and a slight decline of 0.three % in comparison with the earlier yr was recorded in June. The corporate stated that pent-up demand and model strain had helped the market enhance its place, though this had resulted in a major drop in efficiency over the previous yr.
Xiaomi maintained its dominance on the Indian smartphone market within the second quarter with a market share of 29 %, after 28 % in the identical quarter of the earlier yr, after 30 % within the March quarter. Provide chain constraints as a result of impression of COVID-19 and unfavorable shopper sentiment in the direction of China affected progress. Nonetheless, Counterpoint Analysis claims that a few of its current methods have labored and fashions such because the Redmi 8A Twin, the Redmi Observe eight Professional and the Redmi Observe eight proceed to draw shoppers.
After Xiaomi, Samsung managed to proceed its second place available in the market. The corporate’s market share reached 26 % in comparison with 25 % within the prior yr quarter and 16 % within the first quarter of this yr. The diversified provide chain helped Samsung to get well as shortly as doable among the many nation’s essential smartphone suppliers. The analysis firm additionally discovered that it was the primary model to achieve practically full manufacturing capability in late June.
Vivo took third place within the smartphone market with a share of 17 % within the quarter to June. It’s stated to have reached 60 % earlier than COVID. Realme, which competes strongly towards Xiaomi with its low-margin smartphones, was in a position to keep its fourth place with a share of 11 %. This is a rise of three % over the 9 % share within the second quarter of final yr, however has decreased in comparison with 14 % within the March quarter.
Oppo, which was as soon as Realme’s mother or father, struggled with provide shortages within the quarter, however was in a position to keep its fifth place with a 9 % stake.
Except for the highest 5 gamers, Counterpoint Analysis reported that OnePlus has regained its prime place within the premium smartphone market by means of Rs. 30,000 value section. With the newly launched OnePlus Nord, it ought to proceed to develop. As well as, Apple stays a frontrunner within the extremely premium section, which incorporates telephones over Rs. 45,000 value.
The Chinese language contribution declined
Counterpoint Analysis analyst Shilpi Jain stated within the report that Chinese language manufacturers’ contribution to the Indian market decreased from 81 % within the second quarter to 72 % within the first quarter of this yr.
“This was primarily as a result of mixture of stuttering choices for some main Chinese language manufacturers corresponding to Oppo, Vivo and Realme and the rising anti-China sentiment, which was exacerbated by authorities measures to ban greater than 50 Chinese language-based apps Delaying imports of products from China beneath particular management, ”she stated.
The lower within the share of Chinese language manufacturers is especially as a result of border dispute between India and China.
“Nonetheless, native manufacturing, R&D actions, a gorgeous price-performance ratio and the sturdy anchoring of the channels by Chinese language manufacturers depart shoppers with only a few choices to select from. As well as, within the age of globalization, it’s tough to label a product by nation of origin as a result of elements are sourced from many various international locations, ”added Jain.
The marketplace for practical telephones is most affected by COVID-19
Counterpoint Analysis’s report talked about that the function cellphone market in India contracted an enormous 68 % year-over-year decline within the second quarter as shoppers within the cost-sensitive section made much less discretionary purchases as a result of COVID-19 impression. Itel continued its management within the function cellphone market with a 24 % share, whereas Lava and Samsung completed second and third with 23 % and 22 %, respectively.
Counterpoint Analysis stated that the decline in deliveries of practical telephones within the nation ought to increase the marketplace for used and refurbished cell phones within the brief to medium time period.
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