• India’s smartphone market tumbles in the second quarter: Canalys

    Sci & Tech
    India’s smartphone market tumbles in the second quarter: Canalys

    According to Canalys, Apple's iPhone 13 continues to see demand and growth in the premium market, while Samsung's flagship S series had a favourable response, increasing its value share. The iPhone 13's local production and competitive cost also contributed to the growth.

    Digital Desk: Requests for response from a spokeswoman
    for the trade and food ministries were not immediately returned.



    According to preliminary data, the sugar cane area in top
    producers Maharashtra and Uttar Pradesh is greater for the crop that will be
    harvested in the season beginning on October 1, indicating that supplies will
    be sufficient for the following year, according to Jhunjhunwala.



    According
    to Jhunjhunwala, the nation would have more than 6 million tonnes in its
    inventories on September 30- more than enough to supply local demand before cane
    crushing begins in October- even after exporting an additional 1 million tonnes
    this season.




    With 6.7 million shipments, Samsung landed in second
    place, followed by realme in third place with 6.1 million shipments. With
    shipments of 6.0 million and 5.5 million devices, respectively, Vivo and OPPO
    rounded out the top five.



    According
    to a news release from Canalys Analyst Sanyam Chaurasia, "Vendor activity
    remained modest in Q2 due to dropping demand and government scrutiny of Chinese
    manufacturers." Consumers' disposable income was impacted by ballooning
    inflation, and businesses are finding it difficult to cover their operating
    expenses. Top Chinese businesses like Xiaomi, Vivo, and OPPO battled government
    scrutiny in addition to financial issues, he continued.




    According to Canalys, Apple's iPhone 13 continues to see
    demand and growth in the premium market, while Samsung's flagship S series had
    a favourable response, increasing its value share. The iPhone 13's local
    production and competitive cost also contributed to the growth.



    Customers
    should anticipate some additional reductions, particularly on e-commerce
    platforms, the research group said, given the huge inventory buildup. The
    inventory of smartphones is growing frighteningly large, thus Chaurasia noted
    that vendors are aiming to take advantage of good channel coordination. Before
    the holiday shopping season begins, "brands are employing early deep
    discount deals, which started in June via the e-commerce channel," the
    author continued.



     



    More of these monsoon season
    bargains on Flipkart and Amazon are expected, according to Canalys, with steep
    reductions to boost demand. "Growth in the sub-US$200 market is being
    hampered by the depreciating Indian rupee, rising retail pricing, and compliance
    problems associated with Chinese products. In the short run, the domestic
    economic climate is still cautious, the analyst continued.

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