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‘Well-prepared to fend off Chinese competition in India’

‘Well-prepared to fend off Chinese competition in India’

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  24 May 2018 6:30 PM GMT

New Delhi, May 24: Stressing that there has not been any significant loss of its market share owing to the rise of Chinese smartphone brands in India, a top Samsung executive has said the company is well prepared to fend off challenges from its competitors. “India being the second largest smartphone market and the fastest growing globally, we have extremely aggressive plans for the country,” Mohandeep Singh, Senior Vice-President, Mobile Business, Samsung India, told IANS here.

Samsung became the leader in the Indian flagship smartphone market, garnering 49.2 per cent share in the first quarter of 2018, the German research firm GfK revealed last week. In the full financial year (April 2017-March 2018), Samsung registered 55.2 per cent market share in the Rs 40,000 and above price segment, said GfK that reports final consumption of the devices and not only shipments. In March alone, the South Korean giant registered a massive 58 per cent market share in the flagship segment. (IANS)

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