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Xiaomi, Samsung Now Constitute 45 Percent of Indian Smartphone Market: Counterpoint

Samsung  and  Xiaomi  together contributed to 45 percent of the smartphone market in India in the third quarter of this year as the market grew 37 percent (quarter on quarter) and 18 percent (year on year), temporarily surpassing the US for the first time ever - echoing  similar results  from  Canalys . According to the latest research  from Counterpoint's 'Market Monitor service', India handset shipments reached an all-time high of over 84 million for the first time ever, driven by strong sale of both feature phones and smartphones. "This is the first time since 2012 that Samsung and Xiaomi have reached this level of combined share. Additionally, the quarter was marked with return to growth for local handset players such as  Micromax and Lava in the smartphone segment," said Karn Chauhan, Research Analyst at Counterpoint Research. Chinese brands performance remained strong and contributed to more than half of the total smartphone shipme...