Global smartphone shipments are expected to surpass 170 million in 2022, with 5G mobile shipments in India increasing by more than 300% YoY in the first quarter.
According to Cyber Media Research's (CMR) 'India Mobile Handset Market Review Report,' while inexpensive smartphone shipments [under Rs. 7,000(US$ 90.35)] decreased, premium smartphone shipments [Rs. 25,000(US$ 322.68) and above] increased 58%, indicating strong customer willingness to switch and upgrade.
In the first quarter, Samsung dominated the 5G market with a 23% market share.
Apple's shipments increased 20% YoY in the first quarter, with a 77% share of the super-premium [Rs. 50,000-100,000 (US$ 645.37-1,290.73)] sector.
The whole feature phone category decreased 43% YoY in the first quarter of 2022, owing to supply shortages, increased operator tariff plans, and rising inflationary tendencies.
The 2G and 4G feature phone segments both decreased by 42% and 50% YoY, respectively.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.