Due to the demand of smartphone users, the Indian smartphone market has become a big market in the world. In 2019, with the annual shipment of 158 million (15.8 crores) smartphones, America overtook the US for the first time. India has become the second-largest smartphone market globally. This is revealed in the latest report of Counterpoint Research. Smartphone shipments have increased by 7% in 2019 compared to last year. Counterpoint said in its report, 'This was due to the rapid growth of the midrange segment, in which Chinese smartphone companies are looking to upgrade their first or second smartphones with an aggressive approach to flagship-grade features has launched many devices. Online shopping platforms have become the preferred selling platforms to bring these products to market faster.
POCO will change the name of this smartphone, company confirmed
Regarding the matter, Associate Director of Counterpoint Research, Tarun Pathak said, "Although the development for the smartphone market was only one digit for the first time on an annual basis, India is in a better position than the rest of the markets." He said that smartphone sales are expected to increase further in the coming time. According to the report, Xiaomi topped the market with 28% market share in 2019.
After Vivo, Oppo and other companies, another smartphone brand iQOO launched
Samsung (21%), Vivo (16%), Realme (10%) and Oppo (9%) are also in the list of top brands. On the Indian market, a smartphone from Xiaomi has made its place in the list of 10 best selling phones in the world. In the third quarter of 2019, research firm Counterpoint has made the list of top-selling models in the world, in which Xiaomi's Redmi 7A has been placed at No. 9. The report said that Xiaomi faced stiff competition in its domestic market.
Big news for customers, Huawei's 5G smartphone will be launched at the lowest price