India’s smartphone market has registered a 6% year-on-year decline in the June quarter of 2023. The overall mobile phone market in India declined by 2 per cent year-over-year. 5G smartphone shipments, however, grew 45 per cent year-over-year.
The overall mobile phone market in India declined by 2% year-over-year in May 2023, while 5G smartphone shipments grew 45% year-over-year. This was the first time that 5G smartphone shipments in India exceeded 40% of the total market share. The most popular 5G smartphones in India in May 2023 were the Samsung Galaxy A53 5G, the Apple iPhone 13, and the Vivo X80 5G.
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5G smartphone shipments in India grow 45% YoY.
India’s smartphone market has registered a 6% year-on-year decline in the June quarter of 2023. The overall mobile phone market in India declined by 2 per cent year-over-year. 5G smartphone shipments, however, grew 45 per cent year-over-year.
The overall mobile phone market in India declined by 2% year-over-year in May 2023, while 5G smartphone shipments grew 45% year-over-year. This was the first time that 5G smartphone shipments in India exceeded 40% of the total market share. The most popular 5G smartphones in India in May 2023 were the Samsung Galaxy A53 5G, the Apple iPhone 13, and the Vivo X80 5G.
Today's Headline in NewsHours
0:00 Intro
2:58 #Google adds new features in Chrome for Android
3:30 #Foxconn Plans $700 Million Plant in India
4:08 #PayPal unveils its own stablecoin
4:35 #Tesla names Indian-Origin Vaibhav Taneja as CFO
5:16 Crypto scammers using AI to target users
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5G smartphone shipments in India grow 45% YoY
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Impact of Supply chain on Smartphone shipments
The ongoing October-December quarter is expected to see a decline in smartphone sales in the country due to the ongoing supply chain related challenges, resulting in annual shipments below 160 million in 2021, as the report from IDC and the first half of 2022 will remain challenging, with some easing out expected in the latter half of 2022. Vendors/channels will keep an eye on the over-stocking situation in case demand stays limited due to the price hikes by the suppliers and vendors. IDC reveals that, India’s smartphone market registered a year-over-year (YoY) decline of 12% in 3Q21 (Jul-Sep), shipping 48 million units after four consecutive quarters of growth. Much of this can be attributed to component shortages as well as an unusually high 3Q20 comparison base whereas this year’s post-lockdown demand was addressed by July.
During the July-September quarter, the online channels clocked a record high 52% share, although with a 5% YoY shipment volume decline. At the same time, the eTailer sales festivals such as the Big Billion Days on Flipkart and Amazon Great India festival started in early October, even before the Navratri festival this year, continuing until Diwali. Whereas, the offline channels registered an 18% YoY shipment decline. IDC expects online shipments to surpass offline shipments in 2021. The report further says that India was the third-largest 5G smartphone market globally, with 7% of worldwide 5G shipments shipping 10 million units at an ASP of US$401 in 3Q21. IDC believes that a growing dependency on smartphones is triggered by remote work and learning, as well as a subsequent requirement for better quality hardware is pushing consumers to spend more. With continued chip shortages and logistics costs, brands are also compelled to expand upwards in terms of price points across channels,” said the experts of IDC. A report from Counterpo
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Falling demand is causing great concern for the entire smartphone supply chain. While component supplies and cost pressures are easing, a few concerns remain within logistics and production, such as some emerging markets’ tightening import laws and customs procedures delaying shipments. Deep collaboration with channels to monitor the state of inventory and supply will be vital for vendors to identify short-term opportunities while maintaining healthy channel partnerships in the long run.
The global smartphone shipments fell by 17 per cent (year on year) in Q4 2022, with entire 2022 shipments declining by 11 per cent to fewer than 1.2 billion, a new report has shown. Despite shrinking demand and manufacturing issues in China’s Zhengzhou, Apple reclaimed the top spot in Q4 and achieved its highest quarterly market share ever at 25 per cent, as per Canalys.
At the same time, Samsung took the number one spot in the fourth quarter for the first time since Q3 2017, shipping 6.7 million units for a market share of 21 per cent. The second place went to vivo, which shipped 6.4 million units, mainly via offline channels. India was better positioned to weather the global downturn than other markets. But domestic consumer spending cooled in the last few months of 2022.
Even during the festive season, the domestic market suffered a fall in transactions, retail spending and electronic imports. In 2022, consumers already had up-to-date technology that they had bought during the pandemic, thereby delaying further purchases. This led to smartphone brands struggling with inventory management because demand was subdued, say analysts.
The Indian economy started to feel the impact of the global economic slowdown toward the end of 2022. We are entering 2023 with economic indicators suggesting a sluggish performance in the short term.
But, in 2024, India is set to hold its general election and the government's strategy will be to boost con
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