As per the latest information, the United States has been overtaken by India, and now India is the second largest smartphone market this year – July-September 2018 quarter to be more specific. This is according to the report that was released by one of the research firms known as Canalys.
The report also claims that for the first time, the smartphone shipment India had crossed the 440.4 million mark in Q3 2018 courtesy of 23 % annual growth.
In addition, this report also has it that India saw a shipment of about 40.4 million units during the third quarter, hence placing the country into the second position after China where approximately 100.6 million smartphones were shipped. During the July-September 2018 period, smartphone shipment in the US stood at 40 million units.
This quarter, India became the second largest market after overtaking the US, though in both countries, a weaker seasonal performance was experienced as compared with the last year. There was a fall of 7.2 percent in the worldwide smartphone shipment year-on-year to 348.9 million units during the period of July-September 2018 as confirmed by Canalys.
“Since the year 2015, this was also the worst third quarter performance. In seven out of the top ten markets, a decline in year-on-year was recorded. This was as a result of lengthening smartphone replacement cycle which also caused worst international trading conditions and a tough competition among the major Chinese vendors”, added Canalys.
Among the top 10 markets, only three of them registered growth. They include: Russia (11.5 percent jump y-o-y to 8.8 million units), Germany (2.4 percent jump y-o-y to 5.5million units) and Indonesia (13.2 percent jump y-o-y to 8.9 million units)
The decline in the shipment of the China’s smartphone was recorded at 15.2 percent y-o-y, the US by 0.4 percent and India by 1.1 percent in the September 2018 quarter.
In the above stated quarter, Samsung was leading the vendor tally with approximately 20.4percent share. It is followed by Huawei which is tallying with 14.9percent, Apple holds the third place with 13.4percent, followed by Xiaomi with 9.6percent and finally Oppo with 8.9percent.
At the momen11.5 percent jump y-o-y to 8.8 million unit)
At, the worldwide smartphone market is facing an unpredictable challenge, while at both the vendor and country levels, there is a rapid changes in its dynamics. This avails growth opportunities for aggressive vendors with the urge to provide a quick response to them market changes.
In the previous month, there were also some reports from relevant sources that this year, India would overtake UK as the world’s fifth biggest economy.
According to the same report, in the year 2019 when Prime Minister Narendra Modi seeks the vote of above one billion Indians for his party to remain in power, 2018 Gross Domestic Products (GDP) figures will be released by the World Bank for all nations in the world.
If the growth trend of the past will be taken in consideration as anything to go by, then it would be declared by the World Bank that India has overtaken its erstwhile colonial master – UK to become world’s fifth biggest economy.