Vivo ships whopping 5.8 million smartphones in Q2, these 2 are top of list
Vivo India has registered a 63% annual growth and has broken its previous shipment record of 3.6 million (Q2,2018) to clock a record, shipping 5.8 million units in Q2, 2019 according to Canalys Q2 2019 report.
Vivo India has registered a 63% annual growth and has broken its previous shipment record of 3.6 million (Q2,2018) to clock a record, shipping 5.8 million units in Q2, 2019 according to Canalys Q2 2019 report. This is during the same quarter when India’s overall smartphone shipment declined by 0.5%. As per the report, the top selling devices this quarter were the Vivo Y17 and Vivo Y91, which shipped over 1.5 million units.
By launching devices in both the less than 20K segment (Y series) and the 20k plus segment (V series), vivo was able to secure the third position with 18% market share in Q2, 2019, up from 10% a year ago and 15% in Q1, 2019, according to company.
Nipun Marya, Director-Brand Strategy, Vivo India said, “The continued growth momentum is a testimony to vivo’s innovation in products and an unremitting focus on customers. We have always believed in keeping the fundamentals right and building a competitive product portfolio that offers unique value.
Earlier in Q1 2019, the smartphone brand registered a phenomenal growth of 119 percent Y-o-Y as per Counterpoint Research, becoming the fastest growing brand in India.
''Both our budget-friendly Y series and innovation-led V series has received a tremendous response from our customers. India remains an important market for vivo globally. Going forward, we shall continue to revolutionize smartphone technology and surprise our customers with innovative products,''Marya added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Tata Motors, Muthoot Finance and 3 more: Axis Direct recommends buying these stocks for 2 weeks; check targets, stop losses
05:36 PM IST