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Xiaomi tops Indian smartphone market for eighth straight quarter

22:50 | 13 August expand

Xiaomi tops Indian smartphone market for eighth straight quarter

Xiaomi has now been the top smartphone maker in India for eight straight quarters, becoming a constant headache for Samsung in the key overseas market that continues to show strong appetite for handsets as their shipment slows, or drops pretty much everywhere else in the world.

The Chinese electronics giant shipped 10.4 million handsets in the quarter that ended in June this year and assumed 28.3% of the market, research firm IDC reported Tuesday. Its closest rival, Samsung, which once held the tentpole position in India, shipped 9.3 million handsets in the nation during the same period and settled with 25.3% market share.

Overall, 36.9 million handsets were shipped in India during the second quarter of this year, up 9.9% from the same period last year and up 14.8% since the quarter before, IDC reported. This was the highest volume of handsets that has ever shipped during the second quarter in India, the research firm said.

As smartphone shipments slow or decline in most of the world, India has emerged as an outlier that continues to show strong momentum as tens of millions of people purchase their first handset in the country each quarter.

Research firm Counterpoint told TechCrunch that there are about 450 million smartphone users in India, up from about 350 million late last year and 300 million in late 2017. This growth has made India, home to more than 1.3 billion people, the fastest and second largest smartphone market worldwide with unmatched room for further growth.

Globally, smartphone shipments declined by 2.3% year-over-year in Q2 2019, IDC said.

Chinese phone makers Vivo and Oppo, both of which spent lavishly in marketing during the recent local favorite cricket season in India, also expanded their base in the country. Vivo had 15.1% of the local market share, up from 12.6% in Q2 2018, while Oppo’s share grew from 7.6% to 9.7% during the same period. The market share of Realme, which has gained following after it started to replicate some of Xiaomi’s early model, also shot up, moving from 1.2% in Q2 2018 to 7.7% in Q2 2019.

GettyImages 1128860832

Samsung showroom demonstrator seen showing the features of new S10 Smartphone during the launching ceremony. (Photo by Avishek Das/SOPA Images/LightRocket via Getty Images)

The key to gaining market share in India has remained unchanged over the years: Increasingly bulk up the specs in handsets and sell them for low prices. The average selling price of a handset during the Q2 was $159 in the quarter that ended in June this year. 78% of the 36.9 million phones that shipped in India sported a sticker price below $200, IDC said.

That’s not to say that phones priced above $200 don’t have any takers in India. Per IDC, the fastest growing smartphone segment in the nation was priced between $200 to $300, witnessing a 105.2% growth over the same period last year.

Smartphones priced between $400 and $600 were the second-fastest growing segment in the country, witnessing a 16.1% growth since the same period last year. Chinese phone maker OnePlus assumed 63.6% of this premium segment, followed by Apple (which has less than 2% of the market share), and Samsung.

Feature phones that have maintained a crucial position in India’s handsets market continue to maintain their significant footprint, though their popularity is beginning to wane. 32.4 million feature phones shipped in India during Q2 this year, down 26.3% since the same period last year.

For Xiaomi, which shipped 32.3 million smartphones globally in Q2 2019, India has become its biggest market, the company said. Xiaomi entered the Indian market five years ago, and for the first two years, relied mostly on selling handsets online to cut overhead costs. But the company has since established and expanded its presence in the brick and mortar market, which continues to account for much of the sales in the country.

Earlier this month, the Chinese phone maker said it has set up its 2,000th Mi Home store in India. It is on track to have presence in 10,000 physical stores in the country by end of the year, and expects to see half of its sales come from the offline market by that time frame.

Samsung has stepped up its game in India in last two years, too. The company, which opened the world’s largest phone factory in the country last year, has ramped up productions of Galaxy A series of smartphones that are aimed at budget conscious customers and conceptualized a similar series that includes Galaxy M10, M20, and M30 smartphone models for the Indian market. The Galaxy A series handsets drove much of the growth for the company, IDC said.

Even as it lags behind Xiaomi, Samsung shipped more handsets in Q2 2019 compared to Q2 2018 (9.3 million vs 8 million) and its market share grew from 23.9% to 25.3% during the same period.

“The vendor was also offering attractive channel schemes to clear the stocks of Galaxy J series. Galaxy M series (exclusive online till the end of 2Q19) saw price reductions which helped retain the 13.5% market share in the online channel in 2Q19 for Samsung,” IDC said.

But the South Korean giant continues to have a tough time surpassing Xiaomi, which continues to abide by its 5% profit margin (Xiaomi says it only makes 5% profit on any hardware it sells). Xiaomi has also expanded its local production efforts in India and created more than 10,000 jobs in the country, more than 90% of whom have been granted to women.

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Xiaomi tops Indian smartphone market for eighth straight quarter

 


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Posted on 13.08.2019 22:50

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