Markets

‘Smartphone market hits record 50mn units in Q3’

The smartphone segment in India rebounded after the lockdown to touch an all-time high of 50 million units in the September quarter, with Chinese companies collectively holding 76% market share, according to research firm Canalys.

“Smartphone shipments in India recovered in Q3 2020, posting 8% growth to 50 million units [from 46.2 million units in the year earlier period]. This is an all-time record for smartphone shipments in a single quarter in India,” Canalys said.

Xiaomi remained the market leader with 26.1% share, shipping 13.1 million units. Samsung reclaimed the second place from Vivo with 10.2 million units (20.4% share).

Vivo had 17.6% share (8.8 million units), while Realme had 17.4% share (8.7 million units) and Oppo had 12.1% share (6.1 million units).

Apple regained momentum in India in Q3 with double-digit growth to about 8 lakh units.

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Printable version | Nov 28, 2020 8:09:16 PM | https://www.thehindu.com/business/markets/smartphone-market-hits-record-50mn-units-in-q3/article32922422.ece

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