The Q2 transaction report for Indian Smartphone market published on Friday, giving the whole tech world a notable business goal about Indian marketplace. In Q2 of 2016, the shipment of Smartphones in the Indian market has seen a 17.1% hike over the same quarter of previous year.
Market research organization International Data Corporation (IDC) on Friday announced the Smartphone sale report of Indian Market according to which Q2 has revived the Indian bazaar with major growth after two sluggish succeeding quarters. In Quarter 2 of 2016, 27.5 million units of Smartphones shipments recorded which is 17.1% higher than previous year’s same quarter.
Apart from Indian marketplace, global Smartphone bazaar also has witnessed a notable growth, while China-based Smartphone vendors have played crucial roles. Chinese Smartphone makers like Lenovo, Xioami and Vivo, are driving the development of Q2 while Korean leader Samsung has maintained the top position with 25.1% market share, followed by Micromax (12.9%), Lenovo (7.7%), Intex (7.1%) and Reliance Jio (6.8%).
In the same quarter of previous year, Samsung had recorded 15% less growth than this year’s quarter which was hiked to 10.9% in Q1 of 2016. Following it, Micromax, Lenovo, Intex, and Reliance Jio have continued to overwhelm Indian market in Q2. But surprisingly, Chinese smartphone makers lie Xiaomi, and Vivo has emerged to be new entrants of this race with the acquisition of significant hike sin transaction margin.
In Q1 2016, the shipment margin in India was 23.5 million units while in Q2, the edge is 26.5 million units, which is 3.7% from the past one. As said by IDC, the festive season is coming, and a number of premium Smartphones are in the queue for launching, which eventually may lead to more growth in upcoming quarters of this year. All most every Smartphone makers have started to re-calibrating their market policy for strengthening their sale margin in imminent celebratory season, and this may drive the volumes of future sale rate.