Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
»
1-min read

India overtakes US to Become Second Largest Smartphone Market in Q3: Canalys Report

According to a new report from Canalys which claims smartphone shipments in India crossed the 440.4 million mark for the first time in Q3 2018 courtesy of 23 percent annual growth.

PTI

Updated:November 9, 2018, 1:43 PM IST
facebookTwitterskypewhatsapp
India overtakes US to Become Second Largest Smartphone Market in Q3: Canalys Report
Heavy Screen Time Appears to Impact Childrens' Brains: Study (Representative image: REUTERS/Enrique Calvo)
Loading...

India has overtaken the US to become the second largest smartphone market in the July-September 2018 quarter, according to a report by research firm Canalys. India -- which saw a shipment of 40.4 million units during the third quarter - was second to China where 100.6 million smartphones were shipped, the data showed. Smartphone shipment in the US was at 40 million units in the July-September 2018 period.

"India overtook the US this quarter to be the second largest market, though both countries were hit by weaker seasonal performance compared with last year," it said. Worldwide smartphone shipments fell by 7.2 percent year-on-year to 348.9 million units during July-September 2018, a fourth consecutive quarter of decline, Canalys said. "This was also the worst third quarter performance since 2015...Seven of the top 10 markets recorded year-on-year declines, caused by lengthening smartphone replacement cycles, worsening international trading conditions and competition from major Chinese vendors," it added.

The three markets (among the top 10) that registered growth were Indonesia (13.2 percent increase y-o-y to 8.9 million units), Russia (11.5 percent jump y-o-y to 8.8 million units), and Germany (2.4 percent rise y-o-y to 5.5 million units). China's smartphone shipment declined 15.2 percent y-o-y, India by 1.1 percent and the US by 0.4 percent in the September 2018 quarter. Samsung led the vendor tally with 20.4 percent share in the said quarter, followed by Huawei (14.9 percent), Apple (13.4 percent), Xiaomi (9.6 percent), and Oppo (8.9 percent).

"The worldwide smartphone market faces an unprecedented challenge, while its dynamics are changing rapidly at both the vendor and country level. This is providing growth opportunities for aggressive vendors with the speed to respond quickly to market changes," Canalys Research Manager Rushabh Doshi said.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: ---
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results