The Sensex and the Nifty have opened the day on a
Join us as we follow the top business news through the day.
‘Smartphone market hits record 50mn units in Q3’
The smartphone segment in India rebounded after the lockdown to touch an all-time high of 50 million units in the September quarter, with Chinese companies collectively holding 76% market share, according to research firm Canalys.
“Smartphone shipments in India recovered in Q3 2020, posting 8% growth to 50 million units [from 46.2 million units in the year earlier period]. This is an all-time record for smartphone shipments in a single quarter in India,” Canalys said.
Xiaomi remained the market leader with 26.1% share, shipping 13.1 million units. Samsung reclaimed the second place from Vivo with 10.2 million units (20.4% share).
Vivo had 17.6% share (8.8 million units), while Realme had 17.4% share (8.7 million units) and Oppo had 12.1% share (6.1 million units).