Electronics giant Samsung yesterday said its market share in the Indian smartphone segment has crossed 40 percent in June. “Our marketshare (smartphone) has crossed 40 percent by value in June this year. Since January 2015, we continued to grow for six consecutive months and widened the gap (marketshare),” Samsung India VP marketing (IT and mobile) Asim Warsi claimed on the basis of GfK data. Also Read - Samsung and LG confirm presence at in-person CES 2022
“Our marketshare during January 2015 was about 35 percent,” he said during the launch of Galaxy A8 handset. Warsi said 2015 has a great start for the company with 16 devices launched till now. However, he declined to comment over the margins in India when asked about reports over shrinking margin levels in the mobile division of its parent Samsung Electronics Co. “India is an encouraging market with double digit growth,” Warsi said. Also Read - Galaxy S21 FE to support 25W charging but will Samsung put it in the box?
Mobile industry was growing at 12-14 percent with 6-7 million unit market for smart phones, he said. Warsi refused to share details about its sales revenue from online channel and said it has 2,100 exclusive Samsung stores and reaches to 1,500 modern retail outlets. Also Read - Samsung Galaxy M32 launch in India next week: Top specs, price around Rs 15,000, more