According to the latest reports, smartphone makers like Xiaomi, Samsung and Realme went on to capture 57 per cent of the Indian festive sales volumes as the sales during the Diwali season went on to grow almost 26 per cent year on year in comparison to last year.
The market research firm Counterpoint Research's "Market Pulse" suggests that this was driven by e-commerce platform Amazon India and Flipkart's series of online sales and OEM promotions (such as Mi.com) that offered deep discounts and no-cost EMI on debit and credit cards.
"Flipkart stood out due to the most number of exclusives while Amazon benefited from the launch of OnePlus 6T," Karn Chauhan, Research Analyst, Counterpoint Research, said in a statement.
Xiaomi went on to dominate the season with its record performance that widened the gap with rivals and Realme too went on to witness a record performance for a new brand in India that became the second largest brand amongst the e-commerce channels.
"Top three smartphone brands, Xiaomi, Samsung and Realme captured 57 per cent of the overall Diwali festive season smartphone sales. Xiaomi widened the gap with Samsung which still did relatively well in offline channels, capturing 30 per cent share," said Tarun Pathak, Associate Director, Counterpoint Research.
"Newly-launched player Realme had a record festive performance for any new brand ever in India. Realme immediately captured 9 per cent share jumping to the third spot in overall sales volume performance. Huawei had a strong performance in the online segment while Vivo performed exceedingly well in offline channels," Pathak said.
"Emerging brands such as OnePlus, Pocophone, Asus and HMD Nokia also registered strong uptake during the festive season due to the new launches ahead of the festive sale period. Meanwhile, Apple's new iPhones had a lukewarm response for its new and older iPhone models," said Hanish Bhatia, Senior Analyst, Counterpoint Research.
(With IANS inputs)