India smartphone market data 50.6% YoY decline in Q2 2020, predicted to get better in 2H 2020:IDC
In Q2 2020, the Indian smartphone market shipped 18.2 million models, recording a decline of 50.6% YoY, in line with a report by IDC. The decline was primarily attributable to the COVID-19 and the highest 5 smartphone sellers for the quarter have been Xiaomi, Samsung, Vivo, realme and OPPO.
Whereas the market did report an enormous decline within the second quarter of 2020, researchers at IDC predict that the Indian smartphone market will get better within the third quarter. There was a rise in demand from customers post-lockdown, particularly within the low-end and mid-range section. Relying on how producers alter their provide chains and meet this demand, the market will seemingly get better.
Xiaomi leads the cargo numbers in Q2 2020, transport a complete of 5.4 million models, which calculates to a decline of 48.7% YoY. The highest fashions included Redmi 8A Twin, Note 8, Note 9 Pro, and Redmi 8. Samsung took second place with 4.8 million models and a YoY decline of 48.5%, pushed by the gross sales of the favored Galaxy M21.
Vivo dropped to 3rd place, transport 3.2 million models, decline 42.9% YoY. realme discovered itself at 4th place with 1.78 million models shipped. The inexpensive C2 and C3 smartphones accounted for a majority of its cargo numbers. At fifth place, OPPO shipped 1.76 million models in 2Q20, which calculates to a decline of 51.0% YoY.