India Smartphone Shipments Bounce Back, Chinese Cos See Strong Growth: Canalys
News 18Smartphone shipments recovered in the third quarter of 2020, posting an 8 percent growth to 50 million units. Chinese smartphone maker Xiaomi continued to dominate the charts with a market share of 26.1 percent, therefore posting annual growth of 9 percent annually. Notably, all the top ranked OEMs posted positive annual growth in smartphone shipments, marking a turnaround after the Covid-19 pandemic pegged the market back. According to Canalys, when compared to the last quarter of 2019, Vivo’s smartphone shipments grew by 12 percent to 8.8 million units, while Realme’s shipments increased by 23 percent to 8.7 million units. Noting the recent market trends, the Canalys report adds, “As much of India remains physically disconnected, the smartphone has increasingly become a necessity not only for social connection but also for entertainment, education, banking, payment and more.” The report further states that Apple, which does not feature in the top five list, managed double-digit growth in Q3 2020, shipping nearly 800,000 units.