Xiaomi About to Catch Up with Samsung Electronics in India

According to market research firm Strategy Analytics, Samsung Electronics and Xiaomi posted a market share of 26% and 25% in the Indian smartphone market in the third quarter of this year, respectively. The former’s market share increased 26% from a year ago while the latter’s skyrocketed by 300% during the same period. They were followed by Vivo (10%), Oppo (9%) and Lenovo (7%). In the second quarter, the market shares of Samsung Electronics, Xiaomi, Vivo and Oppo had been 21.2%, 15.6%, 11.9% and 9.6%, respectively.

Strategy Analytics reported that the combined market share of Chinese smartphone manufacturers in the Indian market rose from 1% to 57% between the third quarter of 2012 and the third quarter of this year.

According to data of Counterpoint Research, Samsung Electronics’ and Xiaomi’s shares in the Indian smartphone market were 23% and 22% in the third quarter of this year while Vivo, Oppo and Lenovo followed them with 9%, 8% and 7%, respectively. According to the market research firm, Xiaomi’s Redmi Note 4, Redmi 4 and Redmi 4A were the top three best sellers in the market during the period while the Samsung Galaxy J2 came in fourth.

The Indian smartphone market is one of the fastest-growing markets in the world. Strategy Analytics reported that the annual sales volume of the market reached 36 million units, up 7% from a year ago.