Indian smartphone market grows by 17% in Q2 2016, Reliance Lyf maintained its 5th position: IDC
International Data Corporation (IDC), a market research firm has reported that the Indian has a healthy 17.1 percent growth over the previous quarter this year and a marginal 3.7 percent growth over the second quarter of 2015.
According to the IDC’s “Quarterly Mobile Phone Tracker”, smartphone market revived after declining for two successive quarters by registering 27.5 million units of smartphones shipments in Q2 2016.The research firm also stated that both global and Indian vendor’s shipments declined year-on-year, while China-based vendor’s shipments grew at healthy 75 percent in CY Q2 2016.
The companies like Samsung and Micromax have continued to dominate the Indian smartphone market share with about 25.1% and 12.9% share respectively. Intex, however, has slipped from its third spot to fourth with 7.1% market share and is replaced by Lenovo (including Motorola) which had 7.7% shipment share in Q2 2016. Furthermore, Reliance LYF has maintained its position as the fifth largest smartphone vendor with 12.3 percent sequential growth in Q2 2016.
Indian Smartphone Market Share Q2 2016: Samsung- 25.1% Micromax- 12.9% Lenovo- 7.7% Intex- 7.1% LYF- 6.8%Click To Tweet
“China based vendors’ shipments grew 28 percent over previous quarter of which Lenovo group, Vivo, Xiaomi, OPPO and Gionee were key contributors driving the growth. Until now, Lenovo was the only China based vendor to ship over a million units in a quarter, while this quarter saw additional three vendors joining the million shipments bandwagon. Xiaomi’s Redmi Note 3 was not only the top-selling model in online channel but also a star product for the vendor contributing majority of Xiaomi’s total shipments in Q2 2016.”
– Karthik J , Senior Market Analyst, Client Devices, IDC India.