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Xiaomi out of top 5 in India by value share
Business Standard
|May 03, 2025
Apple Inc hit top spot for a second quarter
India's smartphone sweepstake is seeing a discernible shift. On the one hand, Chinese giant Xiaomi, which once was a key player in the Indian market, has slipped out of the top five in terms of value share (revenue based on wholesale price) for the first time since the first quarter of calendar year 2016 (Q1CY16).
Its value share fell sharply by half in Q1CY25 to hit 5 per cent from 10 per cent in Q1CY24, according to data from Counterpoint Research. At its peak, its value share based on wholesale price had touched 19 per cent in Q3CY20.
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