India’s 5G smartphone cargo grows to 57% in Q3, Samsung leads: Report, ET Retail

India’s 5G smartphone cargo share grew to 57 per cent within the third quarter (Q3) of this yr, marking a 78 per cent (year-on-year) development, a brand new report has mentioned.

In response to the CyberMedia Analysis (CMR), Samsung led the 5G smartphone market within the nation with a 23 per cent market share, adopted by Vivo at 16 per cent.

Price $11 billion 5G smartphones have been shipped in Q3 2023. “The 5G smartphone phase continued to headline the market development, with 44 new launches, and a 57 per cent market share. Foldable smartphones skilled exceptional development, doubling year-on-year. Moreover, 4G function telephones confirmed large development, pushed by aspirational India and the demand for companion units in City India,” mentioned Shipra Sinha, Analyst- Business Intelligence Group, CMR.

Whereas India’s smartphone market remained flat year-on-year, the general cellular market noticed a slight one per cent decline, the report mentioned.

The worth-for-money smartphone phase (Rs 7,000-25,000) constituted the biggest share at 69 per cent. Regardless of this, its shipments decreased by 11 per cent (year-on-year).

The reasonably priced smartphone phase ( lower than Rs 7,000) skilled substantial development, surging by 78 per cent (year-on-year).

The premium phase (Rs 25,000-50,000) witnessed an 11 per cent (year-on-year) development. Moreover, the super-premium smartphone phase (Rs 50,000- 1,00,000) and the uber premium phase ( higher than Rs 1,00,000) skilled excellent year-on-year development charges of 87 per cent and 136 per cent, respectively, in accordance with the report.

Apple captured a six per cent market share within the smartphone market in Q3 2023. Enticing offers on its earlier technology telephones resulted in a 44 per cent (year-on-year) development in its shipments.

The 4G function cellphone shipments skilled greater than 300 per cent (year-on-year) development throughout the quarter. This development was pushed considerably by JioBharat K1 Karbonn and JioBharat V2, collectively capturing 63 per cent market share.

The general function cellphone market noticed a decline of six per cent (year-on-year). Notably, 2G function cellphone shipments decreased by 27 per cent (year-on-year), the report confirmed.

Furthermore, the analysts estimated a slight general decline of 1-2 per cent in smartphone shipments for the whole yr.

“In comparison with a yr in the past, smartphone OEMs will exit 2023 with higher stock ranges. As we transfer ahead, OEMs will look to take care of a leaner product portfolio, backed by aggressive advertising to achieve market share,” mentioned Menka Kumari, Analyst-Business Intelligence Group, CMR.

The analysts additionally estimated the general smartphone shipments for the whole 2024 to probably develop by 8-9 per cent, with 5G shipments anticipated to develop over 40 per cent (year-on-year).