According to the latest report by International Data Corporation, the Smartphone market in India has crossed a record 30 million unit shipments for the first time ever on quarterly basis in Q3 2016. The year on year growth is reported to be 11 percent. The quarterly shipments increased to 32.3 million units to be precise with a 17.5 percent growth when compared to previous quarter. The shipments of 4G enabled smartphones significantly increased by 24.8 percent, thanks to the launch of Reliance Jio network.
On the other hand, overall mobile phone shipments was recorded at 72.3 million units with a quarterly growth of 18.2 percent. Expectedly, the market for feature phones continued its decline, by 12.4 percent when compared to the same period last year.
Among the vendors, Samsung topped the list with 23 percent share of the total shipments and showing a quarterly growth of 8 percent and a year-on-year growth of 9.7 percent. Next to Samsung was Lenovo combined with Motorola with 9.6 percent of share with a whopping quarterly growth of 46.1 percent.
At the third place stood Micromax with a total of 7.5 percent of share of total shipments. Not surprisingly, Micromax witnessed a decline of 32 percent when compared to the previous quarter. Xiaomi closely followed Micromax with 7.4 percent share at fourth position. Interestingly, the Chinese handset manufacturer grew about 2.5 times when compared to the shipments for the same period last year.
Surprisingly, Reliance Jio made its way to fifth position even though it lost around 20.9 percent when compared to last quarter. The third quarter saw Jio’s commercial launch which spiked up the demand for Lyf branded smartphones, hence, Reliance Jio managed to make its way to top 5 vendors in terms of smartphone shipments.