Smartphone market in India has seen a record-high progress on the finish of October, in response to a report by IDC. “India’s smartphone market registered a large year-over-year (YoY) progress of 42% in October delivery 21 million models,” mentioned IDC.
The report says that the expansion was pushed by a number of on-line sale festivals and persevering with pent up demand from the third quarter of 2020. “That is the best ever October shipments and 2nd highest for a month, following 23 million models in September 2020, an all-time excessive for a single month,” the report acknowledged.
One of many key highlights of this month was that 25% of the market sat in prime tier cities, particularly New Delhi, Mumbai, Bengaluru, Chennai, and Kolkata, registering greater than 50% YoY progress in October. Additional, the Market Working Worth stood at $190 within the month of October as per the report.
“On-line channels fueled progress within the US$100-200 value section, clocking in 93% progress YoY, collectively accounting for nearly half of the gross sales in October. The midrange section (US$200-300) accounted for nearly a fourth of gadgets offered in October and the premium section (US$500+) registered 16% YoY progress in October.”
With regards to the highest 5 corporations within the smartphone market, Xiaomi had a 24.8% market share, Samsung had 20.6% share, Vivo had 17.8% share, Realme grabbed 13.8% share and Oppo secured 12.3%.