Realme and Xiaomi shipments recorded the very best decline in the course of the quarter.
Smartphone shipments in India declined 16 per cent year-on-year within the January-March quarter to 31 million items, market analysis agency IDC stated on Thursday.
Smartphone shipments in India declined 16 per cent year-on-year within the January-March quarter to 31 million items, market analysis agency IDC stated on Thursday. Realme and Xiaomi shipments recorded the very best decline in the course of the quarter.
India’s smartphone market is predicted to see flat progress in 2023, the IDC report stated.
“31 million smartphones were shipped in India during the first quarter of 2023, a decline of 16 per cent YoY, and the lowest first-quarter shipments in four years,” International Data Corporation’s (IDC) Worldwide Quarterly Mobile Phone Tracker report stated.
Despite a dip of 11.4 per cent in cargo, Samsung led the market with a 20.1 per cent market share, adopted by Vivo with 17.7 per cent.
Oppo was the one model that recorded progress in cargo in the course of the quarter. It recorded a market share of 17.6 per cent.
Xiaomi’s cargo fell by 41.1 per cent to five million items and its market share fell to 16.4 per cent in the course of the reported quarter from 23.4 per cent a yr in the past.
Realme cargo dropped by greater than half to 2.9 million items and its market share dropped to 9.4 per cent throughout March 2023 quarter from 16.4 per cent within the corresponding quarter of 2022.
“Consumer demand remained sluggish amid uncertain macroeconomic conditions, and inventory levels were elevated because of high stocking in the second half of 2022,” IDC stated.
5G smartphone share elevated to 45 per cent from 31 per cent a yr in the past. The progress in 5G smartphones was led by Samsung, which accounted for greater than 1 / 4 of the shipments within the section.
“5G smartphones continue to increase penetration in the low-end price segment, and we should expect a strong 5G play in the USD 150 to USD 300 segment in the second half of 2023 as high-end 4G models vacate the space,” IDC India Research Manager, Client Devices, Upasana Joshi stated.
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