April 24, According to the industry data showed today, Samsung Electronics shares in Indian smartphone market are down for the second time in a row, Whereas China’s Xiaomi is growing more for the second consecutive quarter in the January-March period of this year.
According to the industry tracker Canalys, Xiaomi accounted for 31 percent shares of the Indian smartphone market in the first quarter, leaving Samsung behind with 25 percent. The most interesting fact is this that the gap between the two companies widened on-quarter from the October-December period of 2017, when Xiaomi and Samsung accounted for 27 percent and 25 percent of the market, respectively.
“Xiaomi is becoming a force to be reckoned with in India,” Ishan Dutt, an analyst at Canalys, said in the report. “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.”
“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 researcher added.
Samsung recently launched its flagship devices Galaxy S9 and S9 Plus which is getting a good response in Indian market but will it be enough to get the measures high next quarter? On the other hand, the Chinese firm posing a serious challenge for the South Korean tech giant in the Indian smartphone market, which is really important for Samsung’s Overseas smartphone business.