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    Home»Featured»Xiaomi, Vivo, Samsung retain top spots even as smartphone market shrinks
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    Xiaomi, Vivo, Samsung retain top spots even as smartphone market shrinks

    Finance KhabarBy Finance KhabarJuly 18, 2020No Comments2 Mins Read
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    New Delhi: The national lockdown enforced by the government in March to control the Covid pandemic has shrunk the smartphone market by nearly half. Q2 2020 recorded a 48 per cent decline in smartphone shipments to 17.3 million units, according to market analyst firm Canalys. Production hurdles along with import delays apart from prohibition for online and offline retailers to sell smartphones were the challenges faced by vendors leading to current fall. The decline in Q2 followed the 12 per cent growth in shipments in Q1 2020 to 33.5 million units even as Canalys had expected the shipments to plunge in Q2 due to the lockdown.

    However, with Chinese brand Xiaomi retaining the top spot, there wasn’t a major change in the pecking order. Vivo with 21.3 per cent market share and Samsung having 16.8 per cent share were the other top brands following Xiaomi’s 30.9 per cent share. However, Realme with 1.7 per cent market share slipped to fourth position in Q2 from third in Q1 replaced by Oppo with 2.2 per cent share. The decline in shipments for these brands was also quite significant. While Xiaomi’s shipment volume dropped from 10.3 million in Q1, 2020, to 5.3 million in Q2, Vivo’s decline to 3.7 million units from 6.7 million. Similarly, Samsung, Realme, and Oppo witnessed decline from 6.3 million to 2.9 million, 3.9 million to 1.7 million, and 3.5 million to 2.2 million respectively.

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