Regardless of stiff competitors from Samsung and OnePlus within the high-end smartphone market, Apple’s market share in India continues to develop. New knowledge from Counterpoint Analysis suggests Apple was the sixth-largest smartphone vendor in India within the fourth quarter of 2020, due to 171 per cent progress. The tech big grew 93 per cent YoY in 2020.
In line with the report, Apple managed to ship 1.5 million iPhones within the nation within the final quarter of 2020. A rise in gross sales of older-generation iPhone 11 and the newer mid-range iPhone SE has helped Apple develop throughout the busiest purchasing months in India.
Over the previous few years, Apple has taken a hyper method on the earth’s second-largest smartphone market. Like its opponents, Apple is betting on enormous reductions and cashback provides on iPhone fashions to lure new prospects. Since final 12 months, Apple can be promoting its fancy merchandise by way of its on-line retailer. The technique appears to be paying for the corporate, which goes after aspirational shoppers who’re able to pay extra for its superior iPhones.
Consultants say India might be the intense spot when Apple reveals the outcomes of its most up-to-date monetary quarter in an earnings name later within the day. Wall Avenue analysts count on Apple will put up its first-ever quarter with greater than $100 billion in income, pushed by the robust demand for the iPhone 12 series in addition to the continued demand for the Mac and iPad throughout the pandemic. Although Apple not gives unit-sales metrics, some counsel extra prospects are choosing higher-priced iPhones and extra storage configurations.
Most tech corporations, together with Apple, intently displays the developments being made within the Indian smartphone market. Xiaomi, Samsung, Vivo, Realme, and Oppo lead the smartphone market within the fourth quarter of 2020, as per Counterpoint. Xiaomi had a 26 per cent market share in This fall 2020, whereas Samsung got here second with a 20 per cent market share.