India mobile phone market stays steady in 2023 as deliveries fall 2% to 148.6 mn systems: Canalys

NEW DELHI: The India smart device market stayed steady in 2023 as deliveries minorly fell 2% to 148.6 million systems, according to the most recent information launched by Canalys on Thursday. The research study company now anticipates a mid-single-digit development this year driven by economical 5G handsets and the pandemic duration replacement cycle, nevertheless, increasing bill-of-materials might end up being an obstacle. “The market showed strength,” stated Canalys, associating it to better customer self-confidence in the latter part of the year, and regardless of suppliers dealing with stock difficulties, very little inflation enhancements, and changing need for the majority of the year. Samsung was the marketplace leader in Q4 2023 with 7.6 million systems delivered for a 20% share, whereas for the complete year, it clocked deliveries of 28.4 million systems and a 19% share. Second-ranked Vivo’s deliveries grew in CY2023 by 3% year-over-year to 26.1 million systems and its market share broadened from 17% in 2022 to 18% in 2023. Third-ranked Xiaomi’s deliveries tanked 15% year-over-year to 25.1 million which deteriorated its market share from 20% in 2022 to 17% in 2023 Realme, in the 4th position, taped the greatest fall in deliveries at 16% year-over-year to 17.4 million systems, and its market share avoided 14% in 2022 to 12% in 2023. Fifth-ranked Oppo’s deliveries likewise fell 7% year-over-year, however its market share stayed the same at 11%. “In 2023, growing financial investment in mainline retail area showed benefic
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