With a market share of 27 per cent, Chinese handset maker Xiaomi took a clear lead over Samsung which had 22 per cent share in the Indian smartphone shipments in the fourth quarter of 2018, Counterpoint Research said on Friday.
Xiaomi also dominated CY2018 with a market share of 28 per cent while Samsung grabbed 24 per cent share in the same period as India's overall smartphone shipments grew 10 per cent.
"India is the second largest smartphone market in the world after China.
It has just surpassed 430 million smartphone users.
However, this accounts for just 45 per cent of the potential total addressable market for smartphones; India is underpenetrated relative to many other markets, " Karn Chauhan, Research Analyst at Counterpoint Research, said in a statement.
"This was one of the key reasons for its growth in 2018 where not only new users shifted towards smartphones but there was a healthy upgrade within price tiers, especially from entry - level smartphones to the mid - tier segment, " added Chauhan.
Among other top smartphone players in the fourth quarter of 2018 was Vivo, with nine per cent market share, new player Realme with a close eight per cent share and OPPO with seven per cent share.
"We saw key players gaining share while smaller brands exited the market as competition intensified.
However, this doesn't mean there is no room for new players.
Hello EnglishHello English
