Prachir singh - Latest News Update, Information, Photos & Videos on Prachir singh at Lokmat Times

New Delhi, July 24 Stuttering supply for some major Chinese brands and the anti-China sentiment helped South Korean major Samsung gained big and became the second largest brand with 26 per cent market share in India in the second quarter (April-June period), a Counterpoint Research report said on Friday.Samsung reached its highest share in the past two years owing to the fact that pent-up smartphone demand after lockdown pushed the June volumes and the company was ready with full manufacturing capacity to meet that demand.Samsung closely followed Xiaomi which logged 29 per cent market share to remain at the top in Q2 2020.Revamping the M-series and launching it in offline channels together with new schemes like Samsung Care+ helped the brand to further restore its position in the Indian market, according to Counterpoint's 'Market Monitor Service'.Samsung also has a diversified supply chain compared to its competitors, which helped it to maintain a steady flow of components. It was the first brand to reach almost full manufacturing capacity by the end of June, the report mentioned."The contribution of Chinese brands fell to 72 per cent from 81 per cent in Q2 2020. This was mainly due to the mixture of stuttering supply for some major Chinese brands such as OPPO, Vivo and realme, and growing anti-China sentiment," said Shilpi Jain, Research Analyst at Counterpoint.It was compounded by stringent actions taken by the government to ban 59 apps of Chinese origin and delay the import of goods from China amid extra scrutiny.Overall, the smartphone market declined a massive 51 per cent (year-on-year) to just over 18 million in Q2 as April was a washout.The nationwide lockdown resulted in zero shipments during April."The pandemic wiped out almost 40 days of production as well as the sales of smartphones due to the nation-wide lockdown. The quarter was marred by both demand and supply constraints which led OEMs to rethink their go-to-market strategies," said Prachir Singh, Senior Research Analyst at Counterpoint.In June, the smartphone shipments registered a mild decline of 0.3 per cent (YoY) thanks to the pent-up demand as well as a push from brands.Vivo with 17 per cent share at third spot was able to manage post lockdown demand well as it exited the quarter with 60 per cent pre-Covid levels.The launch of flagship V19 and adding more smartphones like Y50, Y30 to its Y-series portfolio helped the brand to recover fast in June."Local manufacturing, R&D operations, attractive value-for-money offerings and strong channel entrenchment by Chinese brands leaves very few options for consumers to choose from. Additionally, in the era of globalization, it is difficult to label a product based on country of origin as components are being sourced from many different countries," said Jain.Realme maintained the fourth spot though its share declined to 11 per cent as it faced manufacturing constraints due to the shutdown of the factory for almost all of May.( With inputs from IANS )

Prachir SinghFOLLOW

Prachir singh, Latest News

New Delhi, June 20 Global smart device brand OPPO emerged as the leader in the 'Made in India' ... ...

New Delhi, June 17 'Made in India' smartphone shipments grew 7 per cent year-over-year (YOY) in the first ... ...

New Delhi, April 28 India's smartphone shipments declined 1 per cent (on-year) to reach over 38 million units ... ...

New Delhi, Feb 10 In a first, Samsung will bring all models in the newly-launched Galaxy S22 series ... ...

New Delhi, Jan 31 India's smartphone market revenue crossed $38 billion in 2021 with 27 per cent (on-year) ... ...

New Delhi, Oct 28 Led by Xiaomi, Chinese brands captured 74 per cent share in the Indian smartphone ... ...

New Delhi, July 28 Despite the lethal second Covid wave, the smartphone shipments in India grew 82 per ... ...

New Delhi, July 24 Stuttering supply for some major Chinese brands and the anti-China sentiment helped South Korean ... ...