Korean electronics major Samsung expects its new foldable devices Galaxy Fold 5 and Galaxy Flip 5 will enable it to capture half of the super premium smartphone segment in India, currently dominated by iPhone maker Apple.
Shipments of 5G smartphones spurted by 74 per cent in 2022 even as overall mobile phone shipments declined by 8 per cent in the year, CyberMedia Research said on Tuesday. According to the CyberMedia Research (CMR) report, Xiaomi led the overall smartphone market with a 21 per cent market share while Samsung led in the shipment of 5G smartphones with a 23 per cent market share. Driven by a resilient consumer appetite to switch and upgrade, the premium smartphone market continued to gain traction, the report said.
Heads of Apple, Microsoft and HP, Infosys and Wipro's IT business would be keenly watched.
The top 5 cities of India made up about 60 per cent of the online smartphone sales in India.
Only one in five handsets sold in India this year is likely to be made locally.
Chinese handset maker Xiaomi is expected to launch its latest 4G device Mi4 in the country later this month as it looks to strengthen its position in the booming Indian smartphone market.
Motorola said it has crossed the three million device sales milestone.
However, the firm continued with its operation in the Indian market.
India is the world's third largest smartphone market.
India continues to be the fastest growing smartphone market in the Asia Pacific region.
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