Vivo Surpasses Samsung As the Top Smartphone Brand In India: IDC Vivo's growth can be attributed to building its portfolio across price segments/channels and supporting offline partners; Samsung - despite the new lineup - witnessed declining shipments

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Handout

In the first quarter of 2024, Vivo emerged as the top smartphone brand in India with a market share of 16.2 per cent, up from 15.4 per cent in the first quarter of 2023. Samsung stood at the second position with a market share of 15.6 per cent, a 13 per cent year-over-year (YoY) decline compared with last year. Xiaomi's market share was 12.8 per cent up from 12.6 per cent last year, according to the International Data Corporation's (IDC) Worldwide Quarterly Mobile Phone Tracker report. Vivo's growth can be attributed to building its portfolio across price segments/channels and supporting offline partners. Amongst the top 10 brands, Motorola registered the highest growth, led by affordable launches; Samsung - despite the new lineup - witnessed declining shipments.

"The first few months of the year have provided momentum for the smartphone market in India. However, the second half of the year will be crucial. IDC estimates a modest overall annual growth in the mid-single digits for 2024. Challenges around attracting first-time smartphone users and mitigating the impact of the secondhand market continue to restrict market growth. Notably, the market's concentration among the top brands is weakening, with the long tail of smaller brands and sub-brands gaining volume. The share of the top five brands has dropped to 65 per cent from 69 per cent a year ago," said Navkendar Singh, Associate Vice President, Devices Research, IDC.

India's smartphone market shipped 34 million smartphones in 1Q24, with 11.5 per cent growth YoY, making it the third consecutive quarter of growth in shipments. Shipments to online channels grew by 16 per cent YoY, and its share increased to 51 per cent in 1Q24 compared to 49 per cent in 1Q23. Apple, with an ASP of US$953, had a record first-quarter shipment, growing by 19 per cent YoY. Price discounts, special deals on eTailer platforms, and attractive financing options led to this consistent growth for Apple beyond the festive season. iPhone 14/15 made up 56 per cent of shipments for Apple.

"Several new launches across multiple price segments happened during the quarter, coupled with increased promotional activities, particularly around premium offerings. Brands continued their focus on micro financing schemes to drive affordability. eTailers organized several sales events and offered discounts on models nearing their end-of-life (EOL), resulting in increased demand and lean inventory," said Upasana Joshi, Senior Research Manager, Client Devices, IDC India.

As many as 23 million 5G smartphones were shipped in the quarter. The share of 5G smartphone shipments increased to 69 per cent, up from 46 per cent in 1Q23, while 5G smartphone ASPs dropped to US$337, a decline of 21 per cent YoY in 1Q24. Within 5G, shipments of the mass budget (US$100

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

Walter Elias Disney

Uncle Walt

Leadership

From Elite Athletes to Tech Titans — Discover the Surprising $100-Million Habit That Leads to Extraordinary Success

Success comes from mastering focus, eliminating distractions and prioritizing what truly matters.

Fundraising

These 30 International Entrepreneurs Really Are Solving the World's Problems

The world has countless problems, unless you're an entrepreneur, in which case the world has countless opportunities.

Growing a Business

How Meta Generated $32 Billion in Ad Revenue Last Quarter — and How You Can Create Million-Dollar Weekends Using the Same Strategies

Meta's staggering $32 billion quarterly ad revenue isn't just about size; it's about strategy, systems and execution as well.