Hyderabad:
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According to Counterpoint Research, the Indian smartphone market crossed 53 million units in Q3 2020.
- The smartphone shipments registered 9% YoY (Year over Year) growth as brands rushed for channel-fill weeks ahead of their usual cycle to capture festive season demand.
- Samsung led the Indian smartphone market with a 24% shipment share for the first time since Q3 Xiaomi followed closely with a 23% share and remained the top online brand.
- Market ASP (average selling price) increased as the mid-tier segment (INR 10,000-INR 20,000) gained its highest ever shipment share in a quarter.
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As per Counterpoint Research, some of the following reasons why some brands did well and some did not do well are:-
Samsung became the leading brand in the Indian smartphone market after two years with 32% YoY growth. From the COVID situation, Samsung bounced back to the number one position because of the multiple strategies, it adopted. Some of these include; an effective supply chain and touching various price points through new launches. It also did a continuous online promotion. The online channel sales were also given emphasis by Samsung.
Xiaomi slipped to the number two position for the first time since Q3 2018 with a 4% YoY decline. A gap between the supply and demand again due to COVID-19, perhaps is the reason for the decline. However the demand for the Redmi 9 and Note 9 series and other marketing strategies that Xiaomi adopted, perhaps would make it to number one in the next quarter.
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Vivo grew 4% YoY and retained its third position in Q3, driven by strong demand for its Y-series models in offline channels. In Q3 2020, it entered the premium market with the X50 series and was the first OEM to launch a gimbal camera that got positive feedback from consumers.
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Realme also grew 4% YoY in Q3 2020 as it was able to manage supply issues with increased production. C series, Nazo Series was a good addition in its portfolio. Realme shipments grew 52% YoY in the mid-tier segment, driven by the Realme 6 and 7 series. It also retained its leadership position on Flipkart.