According to a report released on Thursday, smartphone shipments in India decreased by 11% year-over-year to reach over 45 million units in the third quarter (Q3 2022)of this year. Xiaomi held a 21% market share, closely followed by Samsung with a 19% share. One in three smartphones shipped during the quarter were 5G smartphones, according to the most recent research from Counterpoint’s “Market Monitor service.”
The decline, which is the first ever for the third quarter, can be attributed to the high base that was set last year as a result of the pent-up demand that occurred in Q3 2021 and lower consumer demand in the entry-level and budget segments in Q3 2022. With a 20% share, Samsung dominated the 5G smartphone market, followed by OnePlus and Vivo.
Realme remained in fourth place in Q3 2022, capturing a share of 14%, despite the fact that Vivo’s shipments decreased by 15% year-over-year.
Oppo remained in fifth place in the smartphone market in India. In the high-end market, Oppo is consistently increasing its shipments.
Figure out what experts say about it.
“The unfavorable macroeconomic conditions will continue to affect the Indian smartphone market in Q4 2022 as well, especially after Diwali. However, we may witness a demand uptick during the year-end sales.”
-Senior research analyst Prachir Singh
“After the 5G network rollout, consumers are quite keen on purchasing 5G smartphones, especially the upgrading users. In Q3 2022, 5G smartphones registered 31 percent YoY growth and contributed to 32 percent of the total shipments,” Research analyst Shilpi Jain said.“The sub-Rs 10,000 price band continues to be under pressure due to lower consumer demand and contributed to 27 percent of the total shipments, down from 31 percent a year ago.”