Counterpoint Analysis uncovered fascinating insights into the Indian smartphone marketplace for 2024. The findings point out that Samsung dropped from its main place within the Asian nation, now rating third. Vivo accounted for 19% of complete shipments, whereas Xiaomi adopted carefully with 17%.
Apple maintained its place because the market share chief, because it did in 2023. The iPhone 15 was essentially the most shipped machine in This autumn 2024, reinforcing the corporate’s dominance on this space.
In 2024, wholesale income rose by 9%, though shipments solely elevated by 1%, totaling 153 million items.
vivo secured the main place due to a robust offline community, additional supported by its sub-brand iQOO. Xiaomi surpassed Samsung as a result of the Korean firm adopted value-driven methods, in accordance with Analysis Analyst Shubham Singh. This method resulted in a decline in gross sales for inexpensive gadgets, though the Galaxy S sequence continued to carry out nicely.
In 2024, Nothing emerged because the fastest-growing model, boasting a exceptional 577% development, pushed primarily by Cellphone (2a) gross sales and the launch of the CMF sub-brand. Moreover, 5G smartphone shipments accounted for 78%, that means that three out of each 4 telephones had been appropriate with 5G.
Whereas smartphone producers are in fierce competitors, chipset makers expertise a unique dynamic. MediaTek has outperformed Qualcomm, holding a 52% market share in comparison with Qualcomm’s 25%, marking a document excessive for the Taiwanese firm.
Within the function cellphone class for 2024, itel stands out because the chief with a 32% market share.
