The Indian smartphone market grew 10% annually in 2018 in terms of total shipments with Xiaomi leading the pack, even as the global market has been shrinking, according to a new report by Singapore-based industry tracker, Canalys. India now accounts for more than 10% of the global smartphone market with a total of 137 million smartphones shipped in 2018 - up from 124.9 million in 2017. The report, though, qualifies that India wasn’t the fastest growing smartphone market in 2018. Samsung, which was ahead of Xiaomi in 2017 with 23.6% market share and 29.4 million units, slipped to second position in 2018 with market share of 25.8%. The slump in the Chinese smartphone market has made India a major playground for Chinese companies.

Source: Mint February 08, 2019 08:48 UTC