Produced by: Danny Dcruze Designed by: Manoj Kumar
In 2023 Q4, the market saw a significant uptick with a 25% YoY growth in the last quarter of the year. All thanks to the increased adoption of 5G smartphones and a boost in the premium segment. Check the top players, according to Counterpoint Research
With an impressive comeback in 2023 Q4, Xiaomi managed to get an overall market share of 18%, thanks to growing sales of cost-effective 5G Redmi phones
Holding its ground firmly at second place, Vivo captured a 17% market share
Despite slipping to third place in Q4, Samsung managed to grab 17% of the smartphone market share
Capturing a solid 11% of the market, Realme continued to maintain a position in the top 5 with its budget-friendly smartphone offerings
Rounding off the top five with a 10% share, Oppo managed to remain planted in the highly competitive mid-range segment