Report: India's smartphone shipments in Q4 2023 increased 28% year-on-year, setting a new high quarterly growth rate

Breakings ·  Feb 21 14:56
In Q4 2023, India's smartphone shipments increased 28% year over year to 38.2 million units. This is the highest quarterly growth rate in India's history. This increase was due to the holiday season, the momentum of 5G development, and relatively favorable external factors. In Q4 2023, the top three smartphone markets in India were Xiaomi, vivo and Samsung, with market shares of 18.8%, 17.8%, and 16.2% respectively. Xiaomi re-entered the Indian market with a mid-range 5G device portfolio. Meanwhile, Samsung continues to focus on value rather than shipment volume. Its portfolio of high-end and folding screen phones is becoming increasingly popular in India. (TechInsights)

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