New Delhi: The 5G smartphone shipments grew 14 % (year-on-year) in India within the first quarter (Q1) 2023, with 5G smartphone cargo share rising to 41 %, a brand new report mentioned on Friday. According to CyberMedia Research (CMR), India’s 5G smartphone momentum continued via Q1 2023 with 34 new 5G launches, with Samsung main the nation’s market with a 23 % share, adopted by Apple with a 17 % market share.
In addition, India’s smartphone market shipments declined by 21 % (year-on-year), throughout Q1 2023, whereas the general cell market within the nation declined by 20 % (year-on-year). (Also Read: Get Samsung Galaxy A14 5G For Just Rs 1299 – Here’s How)
“The decline in smartphone shipments during Q1 2023 marks the first ever Q1 decline since 2019 and is attributed to extended inventory, weakened demand, and inflation. The overall feature phone segment declined by 19 percent (year-on-year), driven by muted demand and an increase in feature phone to smartphone upgrades,” mentioned Shipra Sinha, Analyst – Industry Intelligence Group, CyberMedia Research (CMR). (Also Read: Tamil Nadu Opens Liquor Vending Machines: How It Works – Watch)
Moreover, the report confirmed, attributable to difficult financial circumstances and gradual demand, India noticed a 38 % (year-on-year) decline within the reasonably priced smartphone phase (sub-Rs 7000), a 25 % (year-on-year) decline within the value-for-money smartphone phase (Rs 7000 – Rs 25,000), and a 23 % decline within the premium smartphone phase (Rs 25,000 – Rs 50,000).
However, the super-premium smartphone phase (Rs 50,000 – Rs 1,00,000) and the uber premium phase (>Rs 1,00,000) shipments noticed outstanding progress of 96 % and 208 % (year-on-year), respectively.
Samsung (20 %), Vivo (17 %), and Xiaomi (16 %), captured the highest three spots within the smartphone leaderboard in Q1 2023, adopted by Oppo (10 %) and Realme (9 %).
Around $2 billion value of 5G smartphones shipped in Q1 2023. The report additional talked about that the cumulative 5G smartphone shipments are set to cross the 100 million mark in Q2 2023.
Apart from the 5G smartphone phase, Samsung additionally held the highest spot within the smartphone market with a 20 % market share in Q1 2023. Vivo secured the second spot with a 17 % market share, whereas, Xiaomi slipped to the third place within the smartphone leaderboard with a 16 % share.
“The overall foldable smartphone shipments grew 125 percent (year-on-year) in Q1 2023. This growth in the foldable smartphone market will bolster the overall smartphone market in CY2023 and beyond,” mentioned Menka Kumari, Analyst-Industry Intelligence Group, CyberMedia Research (CMR).
Further, OPPO secured the fourth place with a market share of 10 %, whereas, Realme held the fifth place with a market share of 9 %.
However, Apple maintained its regular progress with a 7 % market share within the smartphone market in Q1 2023, recording a major (year-on-year) enhance of 67 % in its shipments.