sincity Posted June 21, 2019 Share Posted June 21, 2019 The Indian online smartphone shipment rate has seen a 17% YoY growth in Q1 2019 while the offline smartphone market shipment declined by 4%. This is according to a new Counterpoint Research report, which states that online sales drove the segment to capture its highest ever market share.If we look at the Indian online marketplace space, it's majorly dominated by multi-brand retail stores like Amazon and Flipkart. However, the new report reveals that Xiaomi has been able to amass 11% of the online market share in the first quarter of this year. Tarun Pathak, Associate Director at Counterpoint Research said, "Offline expansion is a key strategy for the growth of these players. Having said that we believe that the online channel will continue to hold significant importance in a price-conscious market like India.” Let's take a look at some of the major highlights of the report.http://cdn.mos.cms.futurecdn.net/SjRXzeBqGTANN8HuYApPnN.pngImage Credits: CounterpointFlipkart is leading the online market space with 53% sharePopular brands like Xiaomi, Asus, Huawei, and Realme have worked wonders for Flipkart along with the regular deals and offers released by the e-tailer. Flipkart has also hosted a Mobile Bonanza sale along with other such events on its platform which have driven the sales of these phones.Amazon India saw faster growth in Q1 2019Coming second, Amazon India had a speedier growth in Q1 2019 and currently holds 38% of the market share. This is mainly due to brands like OnePlus, Xiaomi, Samsung and Huawei. The report states that Amazon received volume orders for products like OnePlus 6T, Samsung M-series and Xiaomi Redmi 6A, to name a few.Amazon dominates the online premium smartphone segment with an 81% market share courtesy of OnePlus, Samsung and Apple, whereas Flipkart contributes 17% of premium smartphone sales to the online market.http://cdn.mos.cms.futurecdn.net/TnSTBC2WryFvy7UEfZJeTc.jpg Image Credits: Counterpoint Xiaomi dominates online smartphone shipment market in India with 43% shareWith the launch of its revamped mid-range series, the Redmi Note 7, Xiaomi was able to double down on sales and as a result, now dominates the online space with 43% market share.The company was also able to boost its online e-store as it captured 11% market share when it comes to the sales channel in India.The report also reveals that Redmi 6A was the most popular selling smartphone in the first quarter this year. Another interesting tidbit-- six out of the top ten best-selling phones that were sold in Q1 2019 were from Xiaomi.In the price range between Rs 15,000 - Rs 20,000, Xiaomi Redmi Note 6 Pro saw a volume number of sales followed by Honor 10 Lite.Samsung's flash sales increased its market share to 15% in Q1 2019With the launch of the M-series earlier this year, Samsung implemented a flash sale model as the phones were online exclusive. This has strengthened Samsung's stake in the Indian smartphone market and allowed it to grow by 15% in Q1, 2019.Also Read: Vivo's 120W Super FlashCharge charging tech can fill a 4,000mAh battery in just 13 minuteshttp://feeds.feedburner.com/~r/techradar/digital-home/~4/C0SpElRAR-M Quote Link to comment Share on other sites More sharing options...
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