New Delhi: 5G smartphone shipments in India grew by 14 percent (year-on-year) in the first quarter (Q1) of 2023, while the share of 5G smartphone shipments increased to 41 percent, said a new report on Friday. India’s 5G smartphone momentum continues through the first quarter of 2023 with 34 new 5G launches, with Samsung leading the country’s market with 23 percent share, followed by Apple with 17 percent market share, according to CyberMedia Research (CMR). is with.
Furthermore, during Q1 2023, India’s smartphone market shipments declined by 21 percent (year-on-year), while the overall mobile market in the country declined by 20 percent (year-on-year). ,Also Read: Get Samsung Galaxy A14 5G for just Rs 1299 – Here’s how,
“The decline in smartphone shipments during Q1 2023 marks the first quarterly decline since 2019 and is attributed to expanded inventory, weak demand and inflation. 19 percent (y-o-y) in the overall feature phone segment Smartphone upgrades have been driven by demand and feature phones, said Shipra Sinha, analyst at CyberMedia Research (CMR) – industry intelligence group.ALSO READ: Tamil Nadu opens liquor vending machine: How it works – watch,
Furthermore, the report showed that due to challenging economic conditions and slowing demand, India saw a 38 percent (Y-o-Y) decline in the affordable smartphone segment (under Rs.7000), 25 percent (Y-o-Y) ) a decline in the value-for-money smartphone segment (Rs 7000 – Rs 25,000), and a 23 percent decline in the premium smartphone segment (Rs 25,000 – Rs 50,000).
However, the super-premium smartphone segment (Rs 50,000 – Rs 1,00,000) and the uber premium segment (>Rs 1,00,000) saw a significant growth of 96 percent and 208 percent (Y-o-Y) in shipments, respectively.
Samsung (20 percent), Vivo (17 percent), and Xiaomi (16 percent) occupied the top three spots in the smartphone leaderboard in Q1 2023, followed by Oppo (10 percent) and Realme (9 percent).
About $2 billion worth of 5G smartphones are expected to be shipped in the first quarter of 2023. The report further mentions that the cumulative 5G smartphone shipments are set to cross the 100 million mark in the second quarter of 2023.
Apart from the 5G smartphone segment, Samsung also topped the smartphone market in Q1 2023 with 20 percent market share. Vivo grabbed the second spot with 17 percent market share, while Xiaomi slipped to the third spot in smartphones. leaderboard with 16 percent share.
Menaka Kumari, Analyst-Industry Intelligence Group, CyberMedia, said, “Total foldable smartphone shipments grew by 125 percent (y-o-y) in the first quarter of 2023. This growth in the foldable smartphone market is expected to continue throughout calendar year 2023 and beyond.” will strengthen the overall smartphone market.” Research (CMR).
Furthermore, Oppo grabbed the fourth spot with 10 percent market share, while Realme grabbed the fifth spot with 9 percent market share.
Apple, however, maintained its steady growth with a 7 percent market share in the smartphone market in Q1 2023, registering a significant (year-on-year) growth of 67 percent in its shipments.