India has left behind the US to become the second largest smartphone market in the July-September 2018 period, as per a report by a research firm Canalys.
According to the data, India saw a shipment of 40.4 million units during the third quarter, which was second to China with 100.6 million smartphones shipped.
In the July-September 2018 quarter, the shipment of smartphones in the US was at 40 million units.
The research firm said, “This was also the worst third quarter performance since 2015…Seven of the top 10 markets recorded year-on-year declines, caused by lengthening smartphone replacement cycles, worsening international trading conditions and competition from major Chinese vendors.”
MARKET GROWTH:
Among the top 10, the three markets that registered growth were:
Indonesia – 13.2% increase year-on-year to 8.9 million units
Russia – 11.5% jump year-on-year to 8.8 million units
Germany – 2.4% rise year-on-year to 5.5 million units
In the September 2018 quarter, the markets which declined are:
China – declined 15.2%
India – dropped 1.1%
USA – plunged 0.4%
The shipment of smartphones worldwide dropped by 7.2% year-on-year to 348.9 million units during July-September 2018, the fourth quarter of decline in a row, Canalys said.
