Indian smartphone market rises by 23% in Q1 2016, Reliance Lyf among the top five brands
Counterpoint, a technology research firm has posted a report on Indian smartphone shipments, stating that Indian smartphone market grew 23 per cent in the first quarter of 2016. Moreover, India has surpassed US to become the second largest smartphone market in terms of users.
The companies like Samsung and Micromax share about 29% and 17% respectively of the total Indian smartphone market share. Intex is on third spot with 10% share, while Lenovo had 8% shipment share in Q1 2016. Surprisingly, Reliance LYF clinched the fifth spot with sharing over 7% of total Indian smartphone shipments in first quarter of 2016.
“In first quarter of its inception, LYF instantly climbed to become one of the top five smartphone brands in India in terms of shipment volumes. Jio with its massive LTE network and scale could be the key player to watch out for as it has already become the second largest LTE phone supplier during the quarter,”
– Tarun Pathak, Senior Analyst at Counterpoint.
According to the report, more than a billion smartphones will be sold in India over the next five years. The rising 4G LTE network infrastructure will also be a key catalyst in the country’s smartphone adoption in coming years, it said. The firm also states that more than 60% of the smartphones shipped sported a 5 inch or larger display and also that one in three smartphones shipped was powered by a MediaTek processor, while almost 39% of LTE smartphones were integrated with a Qualcomm processor.
“India which surpassed USA to become the second largest smartphone market in terms of users has continued to register strong demand for smartphones. There is a massive opportunity for every player in the mobile value chain when the second largest market by volume is still under penetrated and growing, while the rest of the world smartphone demand has waned. India is the next China.”
– Peter Richardson, Research Director at Counterpoint Research
Recently, IDC has also released the data about the global shipment volumes of smartphones.
