‘Over the past 18 months, India’s smartphone market has been rocked by dramatic changes. The rise of online channels, the arrival of new international vendors (particularly from China), the move to LTE and the desire for higher-quality devices have all had a big impact. Indian companies have struggled as incoming vendors have been quicker to address these trends,’ said Ishan Dutt, research analyst at Canalys.
“Micromax, in particular, has been through tough times, with key executives leaving. Now the company is aiming to revamp its strategy to incorporate an ecosystem of services around payments and content,” according to the study. The indigeneous smartphone maker’s market share fell by a couple of percentage points to 16.7% in Q1 2016.
But other vendors are maneuvering to move up the market share rankings. Though in eighth place, Apple continued to climb in India, increasing shipments by 56% to make it the second fastest-growing vendor in the top 10. ”
“Apple is outperforming the overall market in India, and still has great growth potential,” said Canalys mobility analyst Wilmer Ang. It is seriously challenging Samsung’s dominance of the premium segment. For devices priced over $300 (Rs 20,000), Samsung’s market share fell from 66% in Q1 2015 to 41% in Q1 2016, while Apple grew its market share from 11% to 29%.
Over the rest of the year, Canalys expects to see more vendors partnering with financing establishments, which will help boost overall affordability and ensure growth in a cost-conscious market.