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Lenovo, Apple fastest growing among India’s top 10 phone vendors: Canalys

Lenovo, Apple Fastest Growing Among India's Top 10 Smartphone Vendors: Canalys

Lenovo noticed its shipments upward push 63 percent year-on-year.
The Indian telephone market grew 12 percent YoY in shipments.
Apple noticed its shipments rise fifty six percent yr-on-year.
Canalys has posted its Q1 2016 record for Indian cellphone shipments, and has observed that Lenovo and Apple had been the quickest developing carriers in the length.

As per Canalys, the Indian phone marketplace grew 12 percentage yr-on-yr in phrases of shipments, with 24.four million gadgets shipped. while the top five companies (Samsung, Micromax, Intex, Lenovo, and Lava) remained the same as Q1 2015, Lenovo skilled the largest boom – its shipments rose 63 percentyear-on-year.

The report attributed Lenovo’s big increase to its “price-for-money handsets and offline channel method.” The record delivered that Microsoft, BlackBerry, Sony, and LG were the most important losers in market inphrases of shipments, not able to compete in a marketplace this is trending closer to low-cost handsets. Micromax on the other hand experienced a moderate drop in marketplace proportion from the yr in the past quarter to sixteen.7 percentage.

As for Apple, the enterprise was on the wide variety eight function in terms of shipments in Q1 2016, butskilled the second one largest boom in the back of Lenovo among the top 10 telephone vendors. Itsaw smartphone shipments boom by means of fifty six percent whilst as compared to Q1 2015.

in line with Canalys, within the premium segment or for devices priced above $three hundred (Rs. 20,000), Samsung noticed its market proportion deplete from 66 percent in Q1 2015 to 41 percent in Q1 2016, while Apple saw its market share grow from 11 percentage to 29 percent in the same length. The iPhone 5s, way to its many rate cuts over the 12 months, have become the maximum famous Apple toolin the Indian marketplace.

Canalys introduced that it expects to look extra vendors getting financing to assist increase overallaffordability in their merchandise, and ensure boom inside the costaware Indian market.

“Apple is outperforming the overall marketplace in India, and still has fantastic growth capacity,” statedCanalys Mobility Analyst Wilmer Ang, including, “Apple’s boom run will be quick-lived. The 5s’achievement in India has extra to do with affordability of a top class brand than a preference for smallertelephones, and the flow to the more costly SE will discourage price range shoppers. also, the recentgovernment law curtailing discounts on smartphones bought by using online systems will affectdemand.”

Ishan Dutt, research Analyst at Canalys, described the general state of affairs, “over the last 18 months, India’s clever telephone marketplace has been rocked by dramatic adjustments. The upward thrust ofon-line channels, the arrival of recent worldwide providers (mainly from China), the move to LTE and thechoice for betterfine gadgets have all had a massive effect. Indian companies have struggled as incoming companies were quicker to cope with those trends. Micromax, in particular, has been thru hardtimes, with key executives leaving. Now the enterprise is aiming to redesign its method to contain anatmosphere of offerings around payments and content.”

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Tags: Apple, BlackBerry, Canalys, India, Intex, iPhone 5s, Lava, Lenovo, LG, Micromax, Microsoft, Samsung, Smartphones, Sony