India's 5G smartphone shipment grows to 57% in Q3, Samsung leads: Report
India's 5G smartphone shipment share grew to 57 per cent in the third quarter (Q3) of this year, marking a 78 per cent (year-on-year) growth, a new report has said.
According to the CyberMedia Research (CMR), Samsung led the 5G smartphone market in the country with a 23 per cent market share, followed by Vivo at 16 per cent.
Worth $11 billion 5G smartphones have been shipped in Q3 2023. «The 5G smartphone segment continued to headline the market growth, with 44 new launches, and a 57 per cent market share.
Foldable smartphones experienced remarkable growth, doubling year-on-year. Furthermore, 4G feature phones showed tremendous growth, driven by aspirational India and the demand for companion devices in Urban India,» said Shipra Sinha, Analyst- Industry Intelligence Group, CMR.
While India's smartphone market remained flat year-on-year, the overall mobile market saw a slight one per cent decline, the report said.
The value-for-money smartphone segment (Rs 7,000-25,000) constituted the largest share at 69 per cent.
Despite this, its shipments decreased by 11 per cent (year-on-year).
The affordable smartphone segment ( less than Rs 7,000) experienced substantial growth, surging by 78 per cent (year-on-year).
The premium segment (Rs 25,000-50,000) witnessed an 11 per cent (year-on-year) growth. Additionally, the super-premium smartphone segment (Rs 50,000- 1,00,000) and the uber premium segment ( greater than Rs 1,00,000) experienced outstanding year-on-year growth rates of 87 per cent and 136 per cent, respectively, according to the report.
Apple captured a six per cent market share in the smartphone market in Q3 2023.
