According to a report released on Wednesday, 5G smartphone shipments in India increased by 30% year-over-year in Q3 2022, while smartphone shipments decreased by 12% year-over-year. Additionally, smartphone shipments increased by 16% quarter-over-quarter.
CMR claims that the overall mobile market experienced a 16% year-over-year decline in Q3 2022.
“During the quarter, shipments of 5G smartphones continued to gain momentum on the back of the recent 5G auctions.According to Menka Kumari, Analyst – Industry Intelligence Group, CyberMedia Research (CMR), “consumer appetite for 5G, value for money, and premium smartphones saw strong growth driven by the festive season sales.”
Xiaomi had a 22% share of the smartphone market, while Samsung held the overall mobile market lead in India with a 19% share.
According to the report, 79% of smartphones shipped in the value-for-money smartphone segment (Rs 7,000-Rs 25,000) in Q3 2022 reflected strong consumer demand.
However, shipments increased by 9% and 39% (year-over-year) in the premium smartphone segment (Rs 25,000-Rs 50,000) and the super-premium smartphone segment (Rs 50,000-Rs 1,00,000).
The general component telephone section kept on declining, mirroring the ongoing macroeconomic climate and powerless purchaser opinion, said the report.
When compared to the previous year, the 2G and 4G feature phone segments experienced declines of 21% and 58%, respectively.