Smartphone shipments in India declined by 51 % year-over-year (YoY) to only over 1.eight crore items within the second quarter of 2020 as a result of coronavirus-led lockdown, Counterpoint Analysis mentioned on Friday. Xiaomi continued its management within the quarter regardless of dealing with provide constraints owing to COVID-19 pandemic and rising anti-China sentiment. Nevertheless, Samsung is claimed to have seen the quickest restoration from the pandemic and reached 94 % of pre-COVID ranges within the nation. The South Korean firm moved from 16 % market share through the March quarter to 26 %.
The smartphone market is beginning to attain normalcy after dealing with zero shipments as a result of nationwide lockdown in April and registering a gentle decline of zero.three % YoY in June, in keeping with a report by Counterpoint Analysis. The agency mentioned that the pent-up demand in addition to a push from manufacturers helped the market enhance its place regardless of ensuing within the important dip from its final yr efficiency.
Xiaomi managed to retain its domination within the Indian smartphone market within the second quarter with a market share of 29 %, up from 28 % reported in the identical quarter final yr however down from 30 percent within the March quarter. Provide chain constraints as a result of COVID-19 impression and adverse client sentiment in direction of China did have an effect on its development. Nevertheless, Counterpoint Analysis claims that a few of its current methods labored, and fashions together with the Redmi 8A Dual, Redmi Note 8 Pro, and Redmi Note 8 proceed to draw customers.
After Xiaomi, Samsung managed to proceed its second place available in the market. The market share of the corporate reached 26 % from 25 % reported in the identical quarter final yr and 16 % through the first quarter this yr. The diversified provide chain helped Samsung obtain quickest restoration among the many key smartphone distributors within the nation. The analysis agency additionally famous that it emerged as the primary model to succeed in nearly full manufacturing capability by the tip of June.
Vivo ranked third within the smartphone market with a share of 17 % in quarter ending June. It’s mentioned to have reached 60 % pre-COVID ranges. Realme, which is competing strongly towards Xiaomi with its low-margin smartphones, maintained its fourth spot with a share of 11 %. This exhibits an increment of three % from the 9 % share within the second quarter of final yr, nevertheless it’s down from 14 % reported within the March quarter.
Oppo, which was as soon as the mother or father of Realme, struggled through the quarter on account of provide constraints, although it managed to take care of its fifth place with a share of 9 %.
Smartphone shipments in India in Q2 2020
Picture Credit score: Counterpoint Analysis
Other than the highest 5 gamers, Counterpoint Analysis reported that OnePlus regained its prime place within the premium market of smartphones over Rs. 30,000 value phase. It’s more likely to develop additional with the newly launched OnePlus Nord. Additional, Apple stays the chief within the ultra-premium phase, which includes telephones over Rs. 45,000 value.
Chinese language contribution declined
Counterpoint Analysis analyst Shilpi Jain mentioned within the report that the contribution of Chinese language manufacturers within the Indian market declined to 72 % within the second quarter from 81 % within the first quarter of this yr.
“This was primarily as a result of combination of stuttering provide for some main Chinese language manufacturers resembling Oppo, Vivo, and Realme, and rising anti-China sentiment that was compounded by stringent actions taken by the federal government to ban greater than 50 apps of Chinese language origin and delay the import of products from China amid additional scrutiny,” she mentioned.
The decline in share of Chinese language manufacturers is principally as a result of India-China border dispute.
“Nevertheless, native manufacturing, R&D operations, engaging value-for-money choices, and powerful channel entrenchment by Chinese language manufacturers leaves only a few choices for customers to select from. Moreover, within the period of globalisation, it’s tough to label a product primarily based on nation of origin as elements are being sourced from many various nations,” Jain added.
Function telephones market worst affected on account of COVID-19
The report by Counterpoint Analysis talked about that the function cellphone market in India declined by an enormous, 68 % YoY within the second quarter as customers within the cost-sensitive phase decreased discretionary purchases owing to the COVID-19 impression. Itel managed to proceed its management within the function cellphone market with 24 % share, whereas Lava and Samsung got here at second and third spots with 23 and 22 % share, respectively.
Counterpoint Analysis mentioned the decline in function cellphone shipments within the nation is anticipated to spice up the used and refurbished cell phone market within the near-to-mid time period.
Why are smartphone costs rising in India? We mentioned this on Orbital, our weekly know-how podcast, which you’ll subscribe to by way of Apple Podcasts, Google Podcasts, or RSS, download the episode, or simply hit the play button beneath.
Source link
