Xiaomi toppled Samsung in the best-seller slot for smartphone models in the under Rs 10,000 segment in the second quarter of 2017, market research firm Counterpoint Research said on Thursday. The top two positions were grabbed by Xiaomi Redmi Note 4 with 7.2 percent and Redmi 4 with 4.5 percent market share, followed by Samsung Galaxy J2 at 4.3 percent. Also Read - Poco M3 India launch soon: Company releases teaser videoAlso Read - Xiaomi Mi 10 to relaunch in 2021 with new Qualcomm chip: Price and other details
“Xiaomi’s comeback can be attributed to strong demand for its sub-10K portfolio, making the Redmi Note 4 the top-selling model in the first half of 2017,” said Tarun Pathak, Associate Director, Counterpoint Research, in a statement. “This is the first time any brand has been able to topple Samsung which has held the best-seller slot for its models over the last four years due to its enormous reach and scale,” he added. Also Read - Xiaomi Redmi Note 10 could launch next month, hints company GM
However, Samsung retained its top position in the overall handset shipment in both feature-phone and smartphone categories, with 25.4 percent and 24.1 percent market share, respectively. ALSO READ: Xiaomi Redmi Note 4 to get Android Nougat update soon
According to Counterpoint, the base of the 4G handset in India crossed 150 million units in the second quarter, only behind China and the US and is estimated to surpass the US in one year. LTE-capable smartphones contributed to 96 percent of smartphone shipments with Xiaomi, Vivo, Oppo, and Gionee being the fastest-growing brands in the country.
The stronghold of the feature-phone segment is estimated to further strengthen with the announcement of LTE-based “Jio Phone” by Reliance, which will slow down the conversion rate from feature-phones to smartphones. In terms of performance, smartphone shipments grew by a modest four percent Year-on-Year (YoY) with the top five brands contributing to almost 70 percent of the total smartphone market, leaving local brands behind in the third successive quarter. ALSO READ: Xiaomi eyes over $2 billion revenue from India business this year
“Local brands did relatively well during the quarter after three-quarters of a lull but still have a significant task cut out to reclaim the market share back from rivals,” noted Karn Chauhan, Research Analyst, Counterpoint Research.