Smartphone shipments in India declined within the second quarter of 2024 (April-June) regardless of a number of manufacturers reporting year-on-year (YoY) development, in line with a report by a market analysis agency. Xiaomi grabbed the highest spot within the smartphone shipments of Q2 2024 courtesy of it pushing its flagship handsets, whereas Samsung carried over its robust efficiency from the final quarter, main when it comes to general worth, with its ultra-premium section registering a staggering 99 % YoY enhance.
Smartphone Shipments in India: Q2 2024
Based on Counterpoint Analysis’s Monthly India Smartphone Tracker, Xiaomi had a 23 % YoY development in its shipments, rising from 15 % in Q1 2023 to 18.9 % in Q2 2024. Courtesy of this rise, the Chinese language firm reclaimed the highest spot within the Indian smartphone market when it comes to models shipped, with improved advertising and expansive distribution being tipped as a number of the contributing components.
Smartphone Market Quantity Share in Q2 2024
Picture Credit score: Counterpoint Analysis
In the meantime, Samsung led in worth phrases, registering a 1.3 % enhance within the Indian market worth share. Based on the agency, the South Korean know-how conglomerate is anticipated to take care of its management following the introduction of its newest flagship foldable smartphones – the Galaxy Z Fold 6 and Flip 6.
In the identical standards, Vivo attained the second spot with a 16.8 % worth share whereas Apple ranked third with a 16.3 % share. The iPhone maker is anticipated to make a comeback within the subsequent quarter, with the latest worth reductions throughout its total vary of iPhone fashions being touted as a driving issue.
Whereas manufacturers registered development when it comes to worth and shipments, the general shipments declined by 2 % YoY. As per the tracker, heatwave, a seasonal stoop, and slower demand in comparison with final quarter could also be behind this fall. Nonetheless, the 5G adoption in India is displaying constant development, with 5G smartphones having a 77 % share within the whole shipments in Q2 2024. Unique tools producers (OEMs) introducing extra reasonably priced 5G handsets is tipped to be one of many contributing components.
Smartphone Market Worth Share in Q2 2024
Picture Credit score: Counterpoint Analysis
By way of tendencies, Nothing registered the very best development within the first half of the 12 months, registering a 567 % YoY enhance courtesy of just lately launched choices like Nothing Phone 2a and CMF Phone 1.
The chipset market in India can also be seeing competitors between two international tech giants: MediaTek and Qualcomm. Whereas the previous led the general smartphone shipments with a 54 % market share, the latter was reported to be the popular selection within the premium section, with a 33 % share.
