Tag: Smartphone Market Competition

  • Realme Unveils India-Exclusive P-Series, Aiming for 50 Million Sales in 2022

    Realme Unveils India-Exclusive P-Series, Aiming for 50 Million Sales in 2022

    Realme, an established Chinese smartphone maker, announced the P-series exclusively designed to appeal to Indian markets on Flipkart e-commerce platform. Realme’s Vice President Chase Xu announced its debut through social networking site X (previously known as Twitter). Chase noted Realme’s mission of “democratizing technology by providing superior experiences in mid-range smartphone markets”.

    Realme P-Series Bring Power And Affordability Together

    Realme’s P-series of smartphones aims to deliver premium features at reasonable prices while catering specifically to young consumers, according to ET Telecom reports. Positioned above budget-centric C-series offerings, Realme aims for 50 million P-series sales this year alone.

    “Realme India targets tech-savvy individuals looking for products with cutting-edge features at prices they can afford,” stated Tarini P Das, Director of Sales and Business Development of Realme India to ET Telecom.

    Innovative Collaborations And Attractive Designs

    Realme has confirmed its latest P-series phones will feature visually appealing smartphones designed by P.S. Rathor – this suggests visually attractive yet stylish smartphones in this new line-up of Realme P-series phones. While more details regarding hardware and software specifications of Realme’s P-series remain undisclosed, Realme is said to have joined forces with one of India’s premier visual artists P.S. Rathor as its co-designer; suggesting visually pleasing yet stylish smartphones from this series.

    Realme’s bold initiative comes amid fierce competition in India’s smartphone market. Although their P-series remains their flagship offering for 2024, Realme also plans on reinvigorating their GT series for enhanced performance as previously noted by Chase Xu and will still offer their number series and C series handsets in India.

    Realme has announced plans to manufacture its P-series smartphones exclusively in India using Oppo’s Noida plant and partnerships with multiple original equipment Manufacturers (OEM).

  • Apple vs Oppo: Survival Battle in China as Huawei Dominates Smartphone Market

    Apple vs Oppo: Survival Battle in China as Huawei Dominates Smartphone Market

    Competition in the smartphone industry is currently at its fiercest, with numerous brands battling it out to survive and expand their market presence in a highly competitive landscape. Additionally, economic challenges like inflation are adding to the complexities faced by these companies.

    Smartphone Sales Decline in China

    A recent market research study by Counterpoint revealed a 7% year-over-year decrease in smartphone sales in China during the initial six weeks of 2024. This downward trend has particularly impacted major players like Apple and Oppo, with both facing significant challenges and witnessing a decline of more than 24%.

    Apple's Struggles in the Chinese Market

    Apple, along with OPPO and vivo, experienced substantial drops in sales within the Chinese smartphone market during the same period. The report indicates that overall smartphone sales in China plummeted by 7% in the first six weeks of 2024 compared to the prior year. Apple, in particular, encountered significant hurdles, partly due to the resurgence of Huawei and the similarity in design between the iPhone 15 series and the previous iPhone 14 series.

    Market Challenges for Various Brands

    While the decline in sales is a common trend across many brands, Oppo faced an even more challenging situation than Apple, witnessing a significant 29% decrease compared to the first six weeks of 2023. Xiaomi also experienced a 7% decline, while vivo saw a 15% drop in sales. Contrarily, Huawei and Honor have shown resilience during this period, with Huawei marking a 64% sales increase and Honor growing by 2%. Notably, Honor and vivo emerge as the only pair with increased market shares compared to the previous year.