Smartphones Worth $181 Billion Sold In China And India In 2018 [REPORT]

Must Read

E-Commerce Industry In India Worth $13.5 Billion In 2014: Will Cross $16 Billion In 2015

According to the latest report by IAMAI and IMRB International, the eCommerce industry in India reached a value of INR 81,525...

When A Guy Bought Google Domain For Rs 415 And Pulled The Search Engine Down!

Google is the world’s biggest search engine and it has got its own country-specific domains for almost every nation....

Can CBD Gummies Be Beneficial For College Students?

College students often feel more pressure than they have ever—or will ever—feel in their entire lives. Many students are...

The global smartphone industry showed trends of improvement in 2018. According to a report from GFK, global smartphone sales increased 5% amounting to $522 billion in 2018. However, it’s the contribution of the APAC region which is no less than a surprise. A whopping $254 billion worth of the smartphones sold in the Asia Pacific region alone!

The report also highlights the total number of smartphone sold in the APAC region, which amounted to 732 million units, making it the world’s largest region in terms of smartphone consumers.

Global Smartphone Sales 2018: China Drove The Growth

The growth of the global smartphone market is largely driven by the sales of smartphones in the APAC region. The main contributors, however, are India and China.

Advertisements

Just like the population graph, India and China have dominated the global smartphone industry as well, maintaining their first and second spots, respectively. China accounted for 60% of the total smartphone market value of the APAC, and 54% of the market volume.

India came a distant second as the total smartphone sales in the country clocked over 161 million units, amounting to $28.5 billion, which helped India to capture 11.2% of the total smartphone market by value in the APAC region.

This represents an overall increase of 19% and 21% in the sales volume and value, respectively.

The above stats very well point out how far ahead the Chinese smartphone industry is from the rest, in spite of lukewarm iPhone sales the country recorded in 2018. Even Tim Cook claimed that the overall revenue estimation in fiscal Q1 2019 was going down because of a lack of iPhone sales in China.

The contribution of India to the global smartphone market depicts the influence of the world’s fastest-growing mobile market on the Asia Pacific as well as the global smartphone market. This influence is reinforced by the number of smartphone brands, currently operating in India, which competes for every price segment in the smartphone market. Xiaomi’s dominance in India and Huawei’s year-over-year growth in smartphones shipments, globally are examples of that. However, USA’s recent trade aversions to the Chinese brands might pose a threat to their influence, making them take the shady route.

Advertisements

Global Luxury Smartphone Market: Promising Future

About 12% of the smartphones sold globally in 2018 belonged to a price bracket above $800. We can safely categorize them into the luxury smartphone segment. It results in an increase from 9% last year.

Smartphones price tagged between $150 and $400 emerged as the most popular one. The segment accounted for 46% of the global smartphones sales in 2018.

The rise in the luxury segment of the smartphones points towards the trend that the global smartphone market is experiencing more sales in value as well as volume year on year. With the increasing number of players, the share of premium and luxury smartphones is expected to swell in 2019 and further.

As the first time smartphone users have started graduating, we can expect a significant rise in the number of upgrading smartphone users. However, as the smartphone market in the developed countries has almost hit to a saturation point, it would be interesting to see if the developing markets, such as India and Africa, could keep the future growth of global smartphone sales intact.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

The Launch Of Smartphones And Other Devices In India Are Getting Postponed!

Dell, H.P, Lenovo, Xiaomi, Oppo and Vivo will delay product launches as India has not approved the import of...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded and unparalleled...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter, with a...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one of the...

More Articles Like This