Xiaomi Redmi Note 4 is the Best Selling Smartphone for the Third Successive Quarter; Xiaomi Secures 22.3% Market Share
Xiaomi is on the verge of becoming India’s largest smartphone brand. The Chinese company, who started operations in 2014 now has a market share of 22.3% in the country, which is just a 0.5% less than Samsung’s 22.8% market share. Xiaomi has registered a growth of 292% Year-on-Year (YoY), and the entire credit goes to the company’s uber-cheap yet premium smartphones. According to Counterpoint Research firm, the Xiaomi Redmi Note 4 is the best-selling smartphone in the third successive quarter. Counterpoint revealed these reports in its preliminary estimates for Q3 2017 ended September 30, 2017. “The rise of Xiaomi brand in India can be attributed to the fact that the mid-price segment (about Rs 10,000) in India started to peak in late 2016. Xiaomi, with its Redmi Note 4, was right there and became the model of the market within no time,” Tarun Pathak, Associate Director, Mobile Devices and Ecosystems, Counterpoint Research told IANS. “It will be difficult for Xiaomi...