As you know, India is the second largest smartphone market in the world, second only to China. Analysts at IDC summed up the results of the first quarter and concluded that the Indian market started the year with strong growth. During the quarter, 38 million devices were sold, which is 18% more than in the same period last year. True, compared to the fourth quarter, there is a decline of 14%, but this is due to the fact that the fourth quarter traditionally has the largest rise in demand.
At the same time, analysts note that the beginning of the second wave of COVID-19 by the end of the quarter led to a decrease in consumer demand. In this regard, a slowdown in growth is expected. However, it will not be as pronounced as a year ago, as factories continue to operate and logistics restrictions are in place at the state level rather than nationally.
Moreover, IDC expects consumer sentiment to recover in the second half of 2021, leading to less than 10% year-over-year growth. As we have already reported, TrendForce experts forecast 8.5% growth.
It remains to add that smartphone shipments on MediaTek platforms continued to lead for three consecutive quarters with a 52% share, widening the gap with Qualcomm, which accounted for 35%.
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