May 02, 2017 06:28 PM EDT
Samsung Electronics is currently stable and leading the Indian smartphone market in terms of shipments. A new global industry tracker report illustrates the current state of the South Korean tech giant and the emerging rival Chinese smartphone manufacturers in the Indian tech market.
According to Android Authority, an estimation report published by the Singapore-based Canalys gives complete shipment details of Samsung and other rival companies like the Xiaomi, Oppo, and Vivo for the first quarter of 2017. It is reported that the Indian smartphone market has grown 12 percent year on year in the first quarter of 2017 with the shipment reaching more than 27 million units.
Samsung is reported to have shipped around 6 million units grabbing 22 percent of the Indian smartphone market share for the first quarter of 2017 and is currently holds the top spot. The report states that sustained J-series shipments to its established offline distribution partners ensured that it stayed on top.
Canalys estimates also show that out of 27 million units shipped, Xiaomi accounted for 14 percent market share and is currently at the second spot after Samsung. The company is reported to have gone up from 3 percent as seen in the same period last year. Vivo, another Chinese smartphone maker grabs the third place by having an 11 percent market share and the reason for its success is reported to be the "highly fragmented 'unorganized' retail market," and investment in marketing campaigns. Lenovo moved up a place to fourth, while Oppo fell back to fifth.
According to The Korea Times, the Indian smartphones is currently the fastest emerging market and the sales are slowing down in the United States and European tech markets. Therefore, the smartphone makers are unveiling their best built immediately after the launch.
It is reported that Samsung is speculated to remain at the top spot with more number of shipments in the coming quarters of this year. The newly launches Samsung Galaxy S8 and S8 Plus smartphones started receiving the pre-orders starting from April 19 and it is reported that the preorders reached 80,000 in a week, which is four times more than the pre-orders made for the Samsung Galaxy S7 and S7 Edge smartphones.
There are speculations made that the pre-order numbers might hit up to 150,000 before the official entry of these amazing smartphones in the Indian tech market as planned on May 5. Stay tuned for more updates.
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