The premium segment, defined as devices priced above $800, took the hardest hit as both Apple and Samsung saw declines in their flagship sales
Festive season means that both online and offline retailers are expected to usher in a slew of discounts on smartphones, which could give a shot in the arm to the Indian smartphone market
Apple shipped around 10 million iPhones in India in 2023 and cornered 7 percent of the market, according to data from Counterpoint
This was Lenovo's second consecutive quarter with a decline in revenue
According to the CyberMedia Research (CMR) report, Xiaomi led the overall smartphone market with a 21 per cent market share while Samsung led in the shipment of 5G smartphones with a 23 per cent market share.
India is emerging as Apple Inc.’s next manufacturing hub as assembly partners seek to add resilience to a supply chain heavily centered on China and shaken by its geopolitical and health challenges.
Premium phones enjoyed increased sales compared to the last quarter. Samsung emerged as the top seller with a market share of 20.2 percent.
The company is likely to introduce the 'Note 9' in the Indian market later this month. In the Indian market, Note 9 will compete head-on with Apple's iPhones as well as OnePlus' smartphone among other smartphones.
The U.S. firm on Thursday released a China-specific version of 'Files Go', a storage management tool for smartphones, the second China-specific app it has released since its flagship services were banned.
Motorola, which competes with brands like Samsung, Xiaomi, Oppo, vivo and others in India, today launched 'moto x4' for Rs 20,999 onwards.
Smartphone is one of the biggest categories for Flipkart, which is locked in a fierce battle with US-based Amazon for leadership in the booming Indian e-commerce market.
Among all, Lenovo saw its shipment volume rise to the second only after Samsung in the third quarter last year, state-run China Daily quoted global research firm International Data Corporation (IDC) survey as saying.
Local manufacturing is expected to help Apple price its phones more competitively in India as it currently attracts 12.5 percent additional duty on imports.
LeEco is jumping into a fiercely competitive US smartphone market with LePro 3 and its 'little brother' Le S3, pricing them lower than flagship models from rivals to entice people over to its 'ecosystem" of online offerings.
The two phones -- Pixel and Pixel XL -- will be available in India, priced at Rs 57,000 onwards, in 32GB and 128GB versions. The eagerly awaited smartphones replace the existing Nexus line.
The shipments have revived after two successive quarters of decline. Handset makers had shipped 23.5 million units in the first quarter of this year.
The high-end smartphone market in India is expected to grow by 19 per cent this year as customers upgrade to premium brands like Samsung and Apple, research firm CMR today said.
The sequoia India-backed firm, which makes media streaming device Teewe, said it is looking at partnering other handset makers for its proprietary operating system, Fuel.
Lenovo said net profit for the three months ended December 31 was USD 300 million, a 19 percent increase year-on-year and higher than the average estimate of analysts polled by Bloomberg, who predicted a decline in profit to USD 242.5 million.
In its TMT Predictions 2016, Deloitte India said India is estimated to generate about USD 1.7 billion for smartphone owners at an average value of about USD 90 in FY 2016 with outright sale or trade-in of approximately 20 million handsets.
Apple, maker of the iconic iPhone, has been sharpening its focus on the the world's largest democracy as it sees India "quickly becoming the fastest growing BRIC (Brazil, Russia, India and China) country".
The California-based company, which saw total iPhone sales growing 76 percent in the country, said it will continue to invest in markets like India in the long-term.
According to a Financial Times report, the company is going to unveil a new plan for Android One in the next few weeks.
Xiaomi, whose low-priced but feature-rich smartphones have made it the biggest smartphone vendor in China, entered India in July and sells its phones primarily through flash sales on online retailer Flipkart.com.
The research firm said the market share of Samsung Electronics Co eroded further to 11.3 per cent. It was 22.2 percent a year earlier. Kantar conducts a monthly online survey of the same 15,000 city-dwelling Chinese who are 16 years or older.