Technology

India's premium smartphone market logs 8% growth in 2018: Counterpoint

Updated : January 31, 2019 06:27 AM IST

However, in December quarter, China's OnePlus led the shipment chart, capturing 36 percent market share.

It added that OnePlus recorded its highest-ever shipments in a single quarter and captured 36 percent market share in October-December.

India's premium smartphone market logs 8% growth in 2018: Counterpoint

India's premium smartphone segment, above Rs 30,000, witnessed an eight percent growth in 2018 with Samsung leading the shipment chart with 34 percent market share, as per Counterpoint Research.

However, in December quarter, China's OnePlus led the shipment chart, capturing 36 percent market share. "Premium smartphone segment (Rs 30,000/$400 retail price) shipments reached its highest ever (levels) in a quarter (December quarter 2018) and a year (2018).

"The overall premium segment grew 8 percent year-on-year for...2018 and 16 per cent year-on-year for fourth quarter 2018," Counterpoint Research said in a blog.

It added that OnePlus recorded its highest-ever shipments in a single quarter and captured 36 percent market share in October-December. Samsung, on the other hand, had 26 percent share in the said quarter.

"However, Samsung led the premium market for the full year 2018 in terms of shipments (34 percent), narrowly inching ahead of OnePlus (33 percent)," it noted.

The top three brands -- OnePlus, Apple and Samsung -- accounted for 92 percent of the overall premium market in the fourth quarter.

Speaking to PTI, OnePlus India General Manager Vikas Agarwal said the company has taken a number of steps over the last few quarters to enhance the user experience that has translated into strong growth.

"We have been investing (in India) to set up our own stores across major cities, expanding service centre network to create a differentiated and premium experience for our customers," he said.

Agarwal added that OnePlus witnessed 58 percent growth in volume terms in 2018 and expects to maintain the momentum this year as well.

Counterpoint said Apple's premium segment shipments declined 25 percent year-on-year in December quarter, "mainly due to extreme high-premium-commanding pricing for iPhones as Apple continues to choose to pay 20 percent import duty on new imported iPhones instead of manufacturing in India".

"As a result, we believe Apple to start manufacturing locally for latest iPhones in 2019 and beyond to potentially lower the current higher iPhone pricing," it added.

Apple's share of the premium segment in 2018 stood at 23 percent.The report pointed out that competition for the US-based company will increase in 2019 with the entry of Android-powered premium offerings by Chinese brands including Huawei and aggressive sales and distribution strategy from OnePlus, Samsung, Huawei and Google.

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