Home / Gadgets / Indian smartphone market grew by 4% in Q1, but projected to decline by 10% this year

Indian smartphone market grew by 4% in Q1, but projected to decline by 10% this year

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Indian smartphone market grew by 4% in Q1, but projected to decline by 10% this year – TechCrunch

India has emerged as one of the fastest growing smartphone markets in the last decade, reporting growth each quarter even as handset shipments slowed or declined elsewhere globally. But the world’s second largest smartphone is beginning to feel the coronavirus heat, too.

The Indian smartphone market grew by a modest 4% year-over-year in the quarter that ended on March 31, research firm Counterpoint said Friday evening. The shipment grew annually in January and February, when several firms launched their smartphones and unveiled aggressive promotional plans.

But in March the shipment saw a 19% year-over-year dip, the firm said. Counterpoint estimated that the smartphone shipments in India will decline by 10% this year, compared to a 8.9% growth in 2019 and 10% growth in 2018.

The research firm also cautioned that India’s lockdown, ordered last month, has severely slowed down the local smartphone industry and it may take seven to eight months to get back on track. Currently, only select items such as grocery products are permitted to be sold in India.

Prachir Singh, Senior Research Analyst at Counterpoint Research, said the COVID-19 impact on India was relatively mild until mid-March. “However, economic activities declined as people save money in expectation of an extended period of uncertainty and an almost complete lockdown. Almost all smartphone manufacturing has been suspended. Further, with the social distancing norms, factories will be running at lower capacities even after the lockdown is lifted,” he said.

Overall, 31 million smartphone units shipped in India in Q1 2020. Chinese smartphone maker Xiaomi, which has held the tentpole position in what has become its biggest market globally for more than two years, widened its lead to command 30% of the market.

Vivo’s share grew to 17%, up from 12% during the same period last year. Samsung, which once led the Indian market, now sits at the third spot with 16% market share, down from 24% in Q1 2019. Apple maintained its recent momentum and grew by a strong 78% year-over-year in Q1 this year. It now commands 55% of the premium smartphone segment (handsets priced at $600 or above.).

More than 100 smartphone plants in India assemble or produce about 700,000 to 800,000 handsets a day, some of which are exported outside of the country. But the lockdown has halted the production and could cost the industry more than $3 billion to $4 billion in direct loss this year.

“We often draw parallels between India and China. But in China, their factories have adopted automation at various levels, something that is not the case in India,” said Tarun Pathak, a senior analyst at Counterpoint, earlier this week.

China, where smartphone sales declined by 38% annually in February this year, has already started to see recovery. Xiaomi said last month that its phone factories were already operating at more than 80% of their capacity. Globally, smartphone shipment declined by 14% in February, according to Counterpoint.

n

Five years before it finally entered the smartwatch market in earnest, Apple introduced a square touchscreen nano. Three years before the arrival of the first Pebble, people were already considering the smartwatch possibilities. Accessory makers quickly took advantage, introducing wrist bands that would let it function as a touchscreen music watch. That sixth-gen product ultimately served as a foundation for the popular device to come.u00a0n

Per Chaudhri: n

n

i had just wrapped up ios5 and took it down to show the ID team what notification centre and siri was u2013 and what it could be in the future. i never got to share it with steve. we lost him right after ios5.nn

Other interesting bits here include:n

    n

  • The Solar watch face was designed as u201cas a way for muslims observing ramadan to quickly see the position of the sun and for all to understand the sun’s relationship to time.”n
  • The butterfly animation was created using real (albeit deceased) butterflies (one of which is now framed in his home).n
  • The touch feature originally went by the name E.T. (electronic touch).n
  • The Digital Touch drawing feature was inspired by his time as a graffiti artist.nn”,”protected”:false},”excerpt”:”rendered”:”

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Ventures’ Charles Hudson on ‘the conversation no one has during an upmarket’”,”content”:{“rendered”:”

    For pre-seed startups, precarious times are baseline until they secure their first customer, first hire and first check. But no matter how built-in turbulence might be for a pre-seed founder, weu2019re entering a period where stresses are amplified and outlooks are unpredictable.n

    In light of the new market conditions, a harder fundraising market and slower expected growth, Charles Hudson (founder and general partner of Precursor Ventures) is urging his portfolio companies to reassess their futures with a refreshingly human question: u201cAre you excited and prepared to run this company for the next two years?n

    If not, you might want to do something else. Why? Because if a super early-stage company manages to survive the COVID-19 era, making it out the other end, itu2019s not clear that theyu2019ll be venture-ready when markets recover. As Hudson put it, u201cthereu2019s never been a better time to maybe fold.u201d Thatu2019s because, he explained, startups that merely survive wonu2019t be judged merely against their peers that also survived; they will also compete with brand-new startups for capital and companies that didnu2019t need to hunker down during lean times.n

    Itu2019s possible to make it through, but it wonu2019t be an easy path.n

    TechCrunch spoke with Hudson earlier this week as part of our ongoing Extra Crunch Live series that brings leading founders and investors to our (virtual) stage. Between our editors and journalists and the best questions from the audience, weu2019re working with guests to understand the new world that we find ourselves in. That weu2019re hosting these events virtually instead of in-person is testament to our changed reality.n

    But the chat was far from all gloom; Hudson is bullish on a number of things. Niche publications with subscription economics? Yes. Social services targeting particular audiences? Yep! Precursor is still cutting checks into net-new deals, and while itu2019s wrapping up its second main fund and first opportunity fund, the firm is also raising a new, larger capital pool.n

    The conversation ran the full hour we had set aside for it, meaning we had to condense some later discussions about fintech and the new trade-off between growth and profit, but we did get to diversity in venture and startups in the future, and what impact a recession might have on both (itu2019s a bigger possible impact than youu2019re considering).n

    Hit the jump for the best Hudson takeaways and the full audio recording from the session. Head here if you need Extra Crunch access; there are some trials for just a few bucks, so everyone can access the chat. Letu2019s go!n

    Raising a fund in the COVID-19 eran



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I'm a 50 year old PLC programmer from Burnley, UK. I severed my time as an electrician in the baking industry and soon got involved with the up and coming technology of PLC's. Initially this was all based in the Uk but as the years went by I have gradually worked my way around the globe. At first it was mainly Mitsubishi with a bit of Modicon thrown in but these days the industry leaders seem to be the Allen Bradley range of PLC and HMI’s.

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