Chinese smartphone maker Vivo created history by grabbing the second spot in the Indian smartphone market for the first time in the fourth quarter of the calendar year 2019.
Vivo captured 21 percent market share to reach the second spot as Samsung slipped to third place with 19 percent market share. Xiaomi was at No 1 position with 27 percent share in Q4 2019, according to Counterpoint Research. Oppo and Realme were other players in the top-five list, with 12 percent and eight percent market share, respectively.
Vivo grew 76 percent (year-over-year) in the full year 2019 and 134 percent YoY in Q4 2019, driven by good performance of its budget segment series. Over the past four years, Vivo has grown 24 times in the Indian market. Vivo has a presence in over 70,000 retail outlets across the country.