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Read more about Xiaomi pips Samsung to become top smartphone seller in India in Q4 2017 on Business Standard. MUMBAI (Reuters) - Samsung Electronics <005930.KS> has lost its crown as the top smartphone seller in India for the first time in six years, as it was outsold by China's Xiaomi in the final quarter of 2017, data from two tech research firms shows.
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smartphone seller in India in Q4 2017
Samsung Electronics has lost its crown as the top smartphone seller in India for
the first time in six years, as it was outsold by China's Xiaomi in the final quarter
of 2017, data from two tech research firms shows.
Xiaomi's aggressively priced suite of high-spec handsets and market expansion
strategy enabled it to take the top spot in the world's biggest smartphone market
after China, said Tarun Pathak of Counterpoint Research.
The Chinese company, which is exploring a public listing and is now valued at
close to $100 billion, entered India just over three years ago.
Its strategy there has so far rested on flash sales on leading homegrown e-
commerce player Flipkart and US tech giant Amazon.com's Indian site, an
approach that helped it snatch market share without have to spend heavily on
Counterpoint pegged Xiaomi's smartphone market share in India at 25 percent in
the fourth quarter based on shipments, ahead of Samsung's 23 percent.
Lenovo, Oppo and Vivo came in behind them, each with about 6 percent market
However, it ranked Samsung as the top seller for the year as the South Korean
company was well ahead of Xiaomi in the first half of 2017.
Separately, research firm Canalys said Xiaomi shipped 8.2 million smartphones in
the fourth quarter, while Samsung shipped 7.3 million.
"Multiple factors have contributed to Xiaomi's growth, but the key reason for its
current success lies in the autonomy that it granted its Indian unit, letting it run
the business locally," said Canalys analyst Ishan Dutt.
Canalys estimates Xiaomi has 27 percent of the Indian market while Samsung is
on 25 percent.
"Samsung's loss comes from its inability to transform its low-cost product
portfolio," said Rushabh Doshi of Canalys.
The South Korean company has been unable to win over cost-conscious buyers,
thereby losing market share in the sub-15,000 rupee ($235) segment to Xiaomi
quarter after quarter, he said.
Samsung said in a statement that it led Indian smartphone sales in the September
to November period, based on data by research firm GfK.
Xiaomi could not immediately be reached for comment.