CMR, a market research firm has claimed that Chinese smartphone makers like Xiaomi, Vivo, and Oppo are likely to dominate the Indian players. The report claims that these players may wipe Indian players from the list of top five smartphone makers in terms of the number of handsets in the market. The Economic Times report elaborates that Chinese players currently claim 40 percent market share with about 180 percent year-on-year growth in terms of the revenue.
According to the report, Samsung is leading the market with 29 percent in terms of revenue. Xiaomi and Vivo are following Samsung on the second and third spot with 11.7 percent and 11.5 percent market share respectively. Oppo secured the fourth spot with 10.6 percent along with Apple on the fifth spot with 8.8 percent. It is contrasting if we look at the figures from last year with Samsung on top with 35.2 percent followed by Apple, Micromax, Lenovo and Intex with 10 percent, 9.7 percent, 8.3 percent, and 6.5 percent respectively.
Krishna Mukherjee, a telecom analyst with CMR added, “In the smartphone arena, the Chinese brands have already kicked out domestic players from the top five list and in the near future we will see Chinese players wiping out the Indian brands from the top five chart of overall mobile handset segment, too.” The report also pointed out that Samsung leads the market with 27 percent market share in terms of the volume of smartphone followed by Itel and Xiaomi with 9 percent and 6 percent market share respectively.
Published Date: May 22, 2017 14:12 PM | Updated Date: May 22, 2017 14:12 PM