Three smartphone players — Xiaomi, Samsung and Realme — captured 57 per cent of the Indian festive sales volumes as smartphone sales in the Diwali season (October 9-November 8) grew 26 per cent year-on-year (YoY) compared to the same period last year, a new report said on Wednesday. Also Read - OnePlus Nord CE vs Redmi Note 10 Pro Max: Does 4G still outdo 5G at a lesser price?
According to market research firm Counterpoint Research’s “Market Pulse”, this was driven by e-commerce platform Amazon India and Flipkart’s series of online sales and OEM promotions (such as Mi.com) that offered deep discounts and no-cost EMI on debit and credit cards. Also Read - Samsung now lets you make an appointment to shop at its stores, book demo via WhatsApp
“Flipkart stood out due to the most number of exclusives while Amazon benefited from the launch of OnePlus 6T,” Karn Chauhan, Research Analyst, Counterpoint Research, said in a statement. Also Read - Xiaomi is hiding the front camera on its next Mi flagship smartphone
While Xiaomi dominated the season with record performance, thus, widening gap with rivals, smartphone player Realme witnessed a record performance for any new brand ever in India, becoming the second largest brand across the e-commerce channels.
“Top three smartphone brands, Xiaomi, Samsung and Realme captured 57 per cent of the overall Diwali festive season smartphone sales. Xiaomi widened the gap with Samsung which still did relatively well in offline channels, capturing 30 per cent share,” said Tarun Pathak, Associate Director, Counterpoint Research.
“Newly-launched player Realme had a record festive performance for any new brand ever in India. Realme immediately captured 9 per cent share jumping to the third spot in overall sales volume performance. Huawei had a strong performance in online segment while Vivo performed exceedingly well in offline channels,” Pathak said.
“Emerging brands such as OnePlus, Pocophone, Asus and HMD Nokia also registered strong uptake during the festive season due to the new launches ahead of the festive sale period. Meanwhile, Apple’s new iPhones had a lukewarm response for its new and older iPhone models,” said Hanish Bhatia, Senior Analyst, Counterpoint Research.