Xiaomi Continues to Lead Indian Smartphone Market, While Vivo Sees Strong Growth: Canalys
- Canalys report says overall Indian smartphone market declined marginally
- Vivo resulted in a 63 percent growth annually in the second quarter
- The growth of the top five vendors expanded in the quarter
Xiaomi has retained its leadership in India for the eighth consecutive quarter with a market share of 31 percent, according to a new report by Canalys. The report also highlights that Xiaomi arch-rival Vivo has marked a commendable growth of 63 percent in its shipments, though the overall Indian smartphone market declined marginally to 33 million units. In the second quarter of this year, the analyst firm claims that the Indian market continued to consolidate about the top five vendors that accounted for 88 percent of the total market, compared with 80 percent a year ago.
According to the latest report by Canalys, Xiaomi shipped 10.3 million smartphones in India in the second quarter. This shows a four percent annual growth from 9.9 million shipments reported in the same quarter last year. Recently, research firms Counterpoint Research and Strategy Analytics also claimed the retained leadership of Xiaomi in the country in the second quarter through their separate quarterly reports.