Asian smartphone market is witnessing some serious shifts. Samsung's dominance has ended both in India and in China. In India, Micromax is the leading smartphone brand now which is manufactured by an Indian company called Micromax Informatics. In China, Xiaomi, a local Chinese company has dethroned Samsung.
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For Samsung Electronics (005930:KS), the bad news in Asia isnt confined to China. The Korean company has lost its No. 1 spot in the worlds largest smartphone market, research firm Canalys said on Monday. Pushing aside Samsung in China is Xiaomi, a young, Beijing-based company that has the worlds fastest-growing smartphone brand. Samsung, the longtime leader in China, slumped to a 12 percent market share, lagging Xiaomis 14 percent.
Samsungs longtime dominance in the other giant Asian marketIndiais under threat, too. Micromax Informatics (MICRO:IN), a company from the Delhi satellite city of Gurgaon that started selling phones only in 2008, is now the top brand in India. According to Counterpoint Research, Micromax has 16.6 percent of the mobile phone market (including both smartphones and feature phones), making it No. 1 in India for the first time.
While Samsung still leads in the more important smartphone market, with a 25 percent share, Micromax is making gains there, too, with 19 percent of the market. This is a vendor which [the] mobile industry will have to keep an eye on, Counterpoint said in a statement.
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Samsung Loses Ground in India - Businessweek
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For Samsung Electronics (005930:KS), the bad news in Asia isnt confined to China. The Korean company has lost its No. 1 spot in the worlds largest smartphone market, research firm Canalys said on Monday. Pushing aside Samsung in China is Xiaomi, a young, Beijing-based company that has the worlds fastest-growing smartphone brand. Samsung, the longtime leader in China, slumped to a 12 percent market share, lagging Xiaomis 14 percent.
Samsungs longtime dominance in the other giant Asian marketIndiais under threat, too. Micromax Informatics (MICRO:IN), a company from the Delhi satellite city of Gurgaon that started selling phones only in 2008, is now the top brand in India. According to Counterpoint Research, Micromax has 16.6 percent of the mobile phone market (including both smartphones and feature phones), making it No. 1 in India for the first time.
While Samsung still leads in the more important smartphone market, with a 25 percent share, Micromax is making gains there, too, with 19 percent of the market. This is a vendor which [the] mobile industry will have to keep an eye on, Counterpoint said in a statement.
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Samsung Loses Ground in India - Businessweek