Xiaomi and Samsung top smartphone brands in India

A smartphone-obsessed nation

A smartphone-obsessed nation

He cited IDC data saying the company ranked as the third largest smartphone player in the country with nine per cent market share of the total shipments in the July-September 2017 quarter. The report also indicates that the overall mobile phone registered a 30 percent quarter-on-quarter growth, highest sequential growth ever in India with more than 80 million of mobile phone shipments in the third quarter of 2017. Almost 13 million smartphones were billed to e-tailers with 35 percent annual growth and 73 percent growth from the previous quarter. While past year Xiaomi shipped 32% of all online devices, this time the percentage rose to 37%. "On the back of fresh infusion of funds and focus on (the) India market, the e-tailers are expected to remain aggressive in 2018 as well". The top five vendors now have a 72% share in the Indian smartphone market, IDC said, compared to 50% a year ago.

Xiaomi and Samsung top smartphone brands in India: Report

During the quarter, Xiaomi closed the gap on market leader Samsung and the two brands together now control almost 50% of India's smartphone market. The report further indicates that Samsung and Xiaomi led the smartphone market in the quarter with each having 24 percent market share. Xiaomi was one of the strongest gainers with around threefold increase in numbers. The Redmi Note 4, which was launched a year ago continues to dominate the Indian smartphone market and is still the best-selling smartphone in India with nearly 4 million units sold in Q3. According IDC, Samsung has seen a "record-breaking quarter" with 23% year-on-year growth. Xiaomi toppled Lenovo-Motorola, which has dropped to third position. Galaxy J2, Galaxy J7 Nxt, and GalaxyJ7 Max were the key models that contributed to nearly 60 percent of Samsung's volume.

Regency Centers Corporation (REG) to Issue Quarterly Dividend of $0.53
Following the completion of the sale, the director now owns 17,145 shares in the company, valued at approximately $1,127,112.30. BMO Capital Markets started coverage on shares of Regency Centers Corporation in a research report on Monday, September 11th.

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