Canalys: Indian smartphone market starts strongly in 2024, maintaining 15% growth in first quarter

The latest report from Canalys, a world-renowned third-party technology analysis agency, shows that in the first quarter of 2024, the Indian smartphone market performed strongly, with shipments reaching 35.3 million units.

After entering 2024, manufacturers’ inventory conditions have improved, which allows the channel to undertake a number of new products launched this quarter. Due to low shipments in the first quarter of 2023 and the market facing inflationary pressure, weak demand, inventory and other issues, the market grew by 15% year-on-year in the first quarter.

In the first quarter of 2024, Samsung maintained its number one position in the market with a 19% share and 6.7 million units shipped. Vivo ranked third with shipments of 6.2 million units.

OPPO (excluding OnePlus) and realme ranked in the top five with shipments of 3.7 million and 3.4 million units respectively.

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