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India Trumps US To Become World’s 2nd Largest Smartphone Market

Smartphone market
India grew its mobile phone shipments by 23% from the previous year. (Image courtesy: Google)

According to independent tech analyst Canalys, India has overtaken the United States to become the second-largest smartphone market in the world.

Recovering from a brief slide, India grew its mobile phone shipments by 23% from the previous year.

It received just over 40 million smartphone shipments in Q3 2017, with mobile brands Xiaomi and Samsung accounting for nearly half of the total market.

Xiaomi shipped 9.2 million units, closely trailing Samsung’s 9.4 million in India.

Meanwhile, China has retained it’s numero uno smartphone market status.

The top five vendors in India, including Samsung, Xiaomi, Vivo, Oppo and Lenovo, account for 75 percent of the total shipments in India, according to the report.

Canalys Analyst Rushabh Doshi believes that inexpensive smartphone maker Xiaomi will soon over take the Korean company “within a couple of quarters.”

Still, it’s not just low-end phones making inroads in the country.

Apple only started local production in India this year, and iPhone shipments have more than doubled to 900,000 units in the third quarter.

According to Canalys, one of the main reasons for this boost were the low barriers to entry India affords mobile phone manufacturers.

Other key factors driving the rise are Indian consumers’ increasing emphasis on LTE (Long-Term Evolution) and the country’s low smartphone penetration.

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