India's smartphone market overtakes United States to claim second spot

Canalys has announced that India has overtaken the United States to become the second largest smartphone market in the world.

Redmi India's Twitter page has revealed Xiaomi is working on a selfie-centric smartphone series.

However, the report cited complicated supply chains, local retail laws, import taxes, lower GDP and poorer internet as reasons for impeding sales in India. Oppo's shipments too rose to almost 3.5 million units in Q3 2017 from just over 1 million units in the same quarter past year.

According to figures released by Canalys, Samsung is leading with 9.4 million shipments in Q2 with Xiaomi following closely with 9.2 million. Samsung, which shipped 9.4 million units, and Xiaomi, which shipped 9.2 million units, accounted for almost half of the total smartphone market.

However, within these excellent results is a general concentration of the top five vendors (Samsung, Xiaomi, Vivo, Oppo and Lenovo) who now account for 75 percent of total shipments in India. Growth will continue. Low smartphone penetration and the explosion of LTE are the main drivers, " Dutt added.

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Apple meanwhile doubled its shipments to 900,000 units in Q3 – more than double from the same period past year - even as it started local production of its phones in Bengaluru. The Chinese firm enjoys a good hold in the low-end Indian smartphone market, but it struggles in the mid-range segment (between $230 and $310), where Samsung, OPPO and Vivo are strong. However, Xiaomi was placed second, after Korean tech giant Samsung, which shipped 9.4 million units, which is 30 % more than in Q3 2016. The Indian market is found to have quickly recovered after a wobble in the second quarter of this year.

Overall, the Indian smartphone market may seem to have stabilized, but it is still growing rapidly.

Xiaomi India head Manu Kumar Jain, in a late Thursday Facebook post, said the company was the only smartphone maker to sell more than 4 million units across Amazon, Flipkart, Mi.com, and through offline channel partners in the month-long Diwali sales period which started on September 20.

Affordable mid-end segment (Rs 10,000-Rs 15,000) was the fastest growing segment driven by strong performance of Xiaomi which contributed to nearly half of the shipments.

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