TIWN
![Xiaomi-led Chinese brands capture 74% of India's smartphone market Xiaomi-led Chinese brands capture 74% of India's smartphone market](http://tripurainfoway.com/viewimage.php?src=http://tripurainfoway.com/news_pic/2021/xiaomi-1635424797.jpg&w=567)
New Delhi, Oct 29 (TIWN) Led by Xiaomi, Chinese brands captured 74 per cent share in the Indian smartphone market in the third quarter (Q3), as overall shipments declined 2 per cent (on-year) to reach over 52 million units, a new report showed on Thursday.
Xiaomi led the market with a 22 per cent shipment share while Samsung captured the second spot with a 19 per cent share. Samsung led the mid-to upper-tier price segment (Rs 10,000-Rs 30,000) with a 25 per cent market share while OnePlus registered its highest ever shipments in India (Its Nord series cumulative shipments crossed 3 million units), according to the report from Counterpoint Research. "The consumer demand outweighed the supply due to the high pent-up demand. Keeping in mind the global component shortage, most of the brands were aggressively working to secure enough stock for the festive season," said senior research analyst Prachir Singh.
- India's business activity surges to 3-month high in July
- Rs 6.67 lakh crore investment needed by 2031-32 to expand thermal power capacity
- Adani Energy Solutions posts 73 pc net profit growth in Q1, revenue surges 43 pc
- Centre's fiscal consolidation plan will boost India's credit profile: Global agencies
- Experts clarify new capital gains tax regime for realty sector