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Nairaland Forum / Science/Technology / Phones / Xiaomi Starts 2018 On Top, Grabbing A Record 31% Share In India In Q1 (721 Views)
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Xiaomi Starts 2018 On Top, Grabbing A Record 31% Share In India In Q1 by postbox: 6:55am On Apr 26, 2018 |
Xiaomi has shown no signs of slowing down in India. The Chinese smartphone vendor registered an impressive 155% annual shipment growth, taking the lead in a smartphone market that is growing yet rapidly consolidating. Xiaomi shipped over 9 million units, giving it a market share of just over 31%, the highest ever for a vendor since Q1 2014 when Samsung had a share of 33%. Xiaomi also continued to widen the gap between itself and Samsung. The Korean vendor shipped just under 7.5 million smartphones, growing by 24% on last year. Oppo took third place with 2.8 million shipments and Vivo fourth with 2.1 million shipments. Overall, the smartphone market in India grew at 8% to 29.5 million units for the quarter. “Xiaomi is becoming a force to be reckoned with in India,” said Canalys Research Analyst Ishan Dutt. “Apart from being some of the best value devices on the market, Xiaomi’s smartphones are now available in more places and in larger quantities. All in all, Xiaomi’s product and channel strategies are working.” Xiaomi’s recently launched Redmi 5, Redmi 5A and Redmi Note 5 have seen runaway success, with the Redmi 5A reaching record sales of 3.5 million in the quarter. In comparison, Samsung’s best-selling device, the J7 Nxt, shipped just 1.5 million units. “Xiaomi is now bringing this cost disruption to TVs, another consumer market that is dominated by heavyweights, such as Samsung, Sony, and LG. The move will add much-needed equity to its brand and will positively affect its longevity in the market.” The market also continues to consolidate, with smaller vendors finding it extremely difficult to succeed in the face of Xiaomi’s growing prominence. The top four vendors accounted for about 75% of all smartphone shipments to India, with Xiaomi and Samsung accounting for 56%. “India remains a huge investment for any smartphone brand,” said Canalys Research Manager Rushabh Doshi. “For smaller vendors, such as Gionee and Lenovo, the pressure on profitability has forced them to relook at their Indian strategies.” Lenovo’s smartphone shipments were just short of a million units, falling by more than 60% year on year, while Gionee shipped an all-time low of 150,000 units with shipments down 90% year on year. “Local production, offline channel expansion, and huge advertising and marketing costs are weighing down the smartphone vendors. And India’s inability to move quickly to a high-value market has only hurt them further.” “The ongoing consolidation is also not good for the channel,” added Doshi. “India’s massive independent retail channel has always relied on intense competition to negotiate higher margins and marketing funds. But these funds and margins are vanishing as the competition continues to wane. Adding to this dilemma are online retailers, such as Flipkart and Amazon, which remain committed to increasing their share in the smartphone channel. All in all, 2018 will be a trying year for smartphone retailers in India.” Smartphone quarterly estimate and forecast data is taken from Canalys’ Smartphone Analysis service. SOURCE: https://brandspurng.com/xiaomi-starts-2018-on-top-grabbing-a-record-31-share-in-india-in-q1/ 1 Like
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Re: Xiaomi Starts 2018 On Top, Grabbing A Record 31% Share In India In Q1 by PureMe01: 7:35am On Apr 26, 2018 |
when you wanna be the best,u ve got to be ready to beat the best |
Re: Xiaomi Starts 2018 On Top, Grabbing A Record 31% Share In India In Q1 by Prichere: 5:57pm On Apr 30, 2018 |
If this trend continues, Xiaomi phones might overtake the likes of Samsung and Huawei. Xiaomi is fast becoming very popular because their devices are of good quality and they have wallet-friendly price tags. This company also seems to have a robust product development department. Xiaomi is the first company to launch a gaming phone, the Xiaomi Black Shark. |
Re: Xiaomi Starts 2018 On Top, Grabbing A Record 31% Share In India In Q1 by Nobody: 7:05pm On Apr 30, 2018 |
Xiaomi's rise has been phenomenal, and indeed quality at affordable price has been their secret weapon! Their gaming smartphone Xiaomi Black Shark only have one competitor in the ZTE Nubia Red Magic! |
Re: Xiaomi Starts 2018 On Top, Grabbing A Record 31% Share In India In Q1 by dotedote: 6:24am On May 03, 2018 |
Incredible |
Re: Xiaomi Starts 2018 On Top, Grabbing A Record 31% Share In India In Q1 by bigdot1759(m): 6:56am On May 03, 2018 |
xiaomi always release machine at affordable price with quality hardware |
Re: Xiaomi Starts 2018 On Top, Grabbing A Record 31% Share In India In Q1 by kekilika: 6:56pm On May 03, 2018 |
Prichere: Your last statement is not true. Razer phone released last year is. https://www.youtube.com/watch?v=zFa14V8fv4E |
Re: Xiaomi Starts 2018 On Top, Grabbing A Record 31% Share In India In Q1 by Prichere: 8:05am On May 15, 2018 |
kekilika: Was not aware,i Take back my statement |
Re: Xiaomi Starts 2018 On Top, Grabbing A Record 31% Share In India In Q1 by Nobody: 8:28am On May 15, 2018 |
kekilika:Still, Razer phone is no match for Xiaomi Black Shark! |
Re: Xiaomi Starts 2018 On Top, Grabbing A Record 31% Share In India In Q1 by jetz(m): 8:30am On May 15, 2018 |
Flexing ma redmi 5 fucking fast n sweet |
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