Canalys: Xiaomi Q3 ranks first in India with 21% market share, surpassing Samsung, vivo and OPPO

Thank CTOnews.com netizens for the clue delivery! CTOnews.com, October 21, according to the latest research report released by market research firm Canalys, Xiaomi ranked first in the Indian market with 9.2 million units shipped and 21% market share in the third quarter of 2022.

Apart from Xiaomi, Samsung, vivo and OPPO ranked second, third and fourth, with 8.1 million (18%), 7.3 million (16%) and 7.1 million (16%) respectively, while realme fell to fifth with 6.2 million (14%) shipments.

CTOnews.com learned that the report showed that India shipped 44.6 million smartphones in the third quarter of 2022, down 6% from the previous year, due to a lack of support in the low-end market.

Canalys analyst Sanyam Chaurasia pointed out that due to the impact of inflation, the market contribution of entry-level devices has declined this year, while the mid-and high-end markets have performed relatively well due to active promotional activities. One plus and iQOO are two important brands that promote the growth of mid-end mobile phone sales in e-commerce channels during this period. Flagship models, especially the older generation of flagship products, have also experienced strong demand after the price reduction, such as Samsung Galaxy Z Fold3, Galaxy S22 series, Apple iPhone 13 and so on.