Xiaomi Retained Top Spot During Q1 2019 With 29% Market Share: Counterpoint

Xiaomi's India shipments declined by 2% year-on-year(Y-o-Y) as it had recorded 31% market share in the same quarter last year

By April 26th, 2019 AT 1:40 PM
Highlights
  • Xiaomi is now the leading smartphone brand in India for eight quarters straight
  • The company recently launched Redmi Y3 and Redmi 7 smartphones

Despite losing its turf in India a little, Chinese smartphone maker Xiaomi retained its top slot in the first quarter (Q1) of 2019, garnering 29% market share, Counterpoint Research said on Friday. Xiaomi’s India shipments declined by 2% year-on-year(Y-o-Y) as it had recorded 31% market share in the same quarter last year. South Korean giant Samsung with a 23% market share stood second, and Vivo gained much ground to hit the third spot with 12% share. The market share of Chinese brands in the Indian smartphone market reached a record 66% during Q1 2019, according to Counterpoint’s “Market Monitor” service.

xiaomi top place in indian smartphone market

Overall, India’s smartphone shipments grew 4% Y-o-Y.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions. This has led to users spending more on their purchase which is driving up the overall average selling price (ASP) in the market,” explained Tarun Pathak, Associate Director, Counterpoint.

As a result, the premium specifications are now diffusing faster into the mid-tier price brands. Volumes for the Chinese brands grew 20 per cent YoY, mainly due to the growth of Vivo, Realme and Oppo.

Xiaomi’s newly-launched Redmi Note 7 series (Note 7 and Note 7 Pro) crossed the one million mark within the first quarter of its launch. Xiaomi’s offline contribution was highest in March.

Samsung’s A-series shipments surpassed two million units. “The newly launched online-only M series started well too, but it will need a strong follow-up device to continue its momentum on the online platforms,” said Counterpoint.

Samsung also recorded a strong sell-in of its premium Galaxy S10 series which drove overall ASP for Samsung. Huawei’s ASP reached the highest-ever level driven by the recently launched Honor 10 Lite, Honor View 20 and end of life for its entry-level segment.

READ:  Xiaomi Mi A3 With HD+ AMOLED Display, Triple Rear Cameras Launched in India: Price, Specifications

“Realme continues to figure among top five brands for the second successive quarter while Vivo’s market share reached its highest ever level in India in Q1 2019,” the report added. The Xiaomi Redmi 6A remained the top model, following multiple price cuts followed by Xiaomi Redmi Note 6 Pro, Redmi Y2, Samsung Galaxy M20, and Galaxy A50.

The top 10 models contributed 35% of overall smartphone shipments. “Xiaomi remains the market leader driven by new product launches. However, it faced strong market competition as compared to a year ago. Samsung did a major refresh in its product portfolio launching a new online-only M series,” said Counterpoint’s Anshika Jain.

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Chakri is a go-to guy for your next smartphone recommendation. Back in his engineering days, he used to play with smartphones by installing custom ROMs and that passion got him into the tech industry. He still goes nuts about a smartphone knocking his door for review. Currently managing everything at Telecom Talk, Chakri is trying to master PUBG Mobile in his free time.

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Realme effect.. hehe
‘Xiaomi’s India shipments declined by 2% year-on-year’

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