The country’s smartphone market decreased by 6 percent last year to 15.16 crore units. Slowdown and supply issues are the major reasons behind this decline. India’s smartphone market declined for the first time in the fourth quarter. Shipments declined by 27 percent to 32.4 million units in the fourth quarter.
According to a report by market research firm Canalys, South Korean consumer electronics company Samsung grabbed the first spot with shipments of 6.7 million units in the fourth quarter. The market share of the company was 21 percent. Chinese smartphone maker Vivo came second with shipments of around 6.4 million units. Most of Vivo’s sales are offline. China’s Xiaomi suffered a big loss in the fourth quarter. It slipped to the third position with shipments of around 5.5 million units after being at the top for 20 quarters. However, for the whole year Xiaomi smart fone The largest manufacturer of
Canalys says that reducing consumer spending, slowdown and supply difficulties are the main reasons behind the decline in smartphone shipments. It has been said in the report that there may be a slight increase in the country’s smartphone market this year. 5G handsets will account for a major share of smartphone sales this year.
Samsung is at loggerheads with the central government over a manufacturing incentive of about Rs 900 crore. The company is demanding this incentive from the government for the last financial year. However, the government believes that this amount is much less than this. Bloomberg has reported in a report quoting sources aware of the matter that the government has agreed to give Rs 165 crore to the company. the government says that if Samsung If you are claiming more amount than this, then more information and documents will have to be provided for that. The incentive is an important part of Prime Minister Narendra Modi’s Make in India campaign to make the country an electronics manufacturing hub. Two years ago, the government had announced to give $ 6.7 billion as Production-Linked Incentive (PLI) to companies manufacturing smartphones in the country.
