Monday, August 4, 2014

#Micromax has sold more mobile phones in India than #Samsung in last 3 months

Micromax has became the leading mobile phone supplier brand in India in Q2 2014 for the first time ever surpassing Samsung capturing 17% market share up from 13% in Q1 2014, according to market research firm Counterpoint Research. Micromax was also the  second largest smartphone vendor closing in on Samsung, capturing 19% share in this fast growing segment.It has widened the gap with the third largest smartphone player as the race for the third place is up for grabs with fierce competition between Karbonn, Motorola, Celkon, Nokia, Apple and Sony.Globally, Micromax also jumped up the rankings becoming the tenth largest handset brand in terms of mobile phone shipment volumes.

Indian mobile phone market grew a modest  2% annually but the smartphone segment grew a handsome 68% annually as demand for feature phones fell 16% annually in Q2 2014.Indian brands together captured more than two-thirds of the total mobile phone shipments and more than half of the smartphone shipments.Majority of growth in smartphone segment during the quarter was driven by long tail of local and other Asian brands operating in this huge market.The surprise performance was  from Motorola thanks to its attractive but leaner portfolio of Moto X/G/E and go-to-market strategy. The brand which could soon be part of Lenovo has built a strong base in the high volume India smartphone market, entering the top five rankings surpassing Nokia, Apple, Sony and others.More intensified competition in the Indian smartphone space is expected as Asian OEMs such as Xiaomi, Gionee, Huawei and Asus enter with premium-like hardware at an aggressive price-point attracting young tech-savvy but price-conscious urban buyers. However, these brands will have to work hard on their brand awareness, distribution and service network to continue the growth beyond the early spike in demand in this very important mobile phone market.