Surveys from market research companies such as Canalys and Counterpoint have given that in the fourth quarter of 2017, Xiaomi sales amount in India mobile market is the number one, overtake Samsung for the first time.
Xiaomi will bring the company into the IPO market in the second half. It has been revealed that the value of a business could be hundreds of billions of dollars. It is expected to be the IPO of this year’s largest technology company.
Both research firms reveal revenue sharing in the last quarter of last year revealed that Xiaomi has a 27% share (Canalys) and 25% (Counterpoint), respectively. However, if you think of a yearly share, Samsung is still number one at 24% while Xiaomi has a share of 19%.
Rushabh Doshi, Analyst from Canalys explains why Xiaomi jumped at the forefront of the Indian mobile market very quickly. This is because of the advantage of the smartphone with the cheap price that ideal for consumers
in India more than Samsung. Especially the Redmi series, it has been very popular. But what makes Samsung hang in the Indian market? It is an advantage in terms of research, development center (R & D) that they are full invest here. In addition, Counterpoint adds that the best-selling smartphone is the smartphone with pricing between $150-240.