In response to a brand new report by analysis agency Counterpoint, Chinese language manufacturers proceed to develop in Bangladesh and now seize 29 p.c of the market, up from 13 p.c a 12 months in the past.
The report mentioned that main Chinese language manufacturers like Huawei, iTel, Xiaomi, and OPPO have already began to make their presence felt by grabbing market share from native manufacturers.
Commenting on the expansion of Chinese language manufacturers, Shobhit Srivastava, Analysis Analyst at Counterpoint Analysis mentioned, “Chinese language manufacturers have been aggressively increasing within the Bangladesh smartphone market with low-cost choices. Main Chinese language manufacturers like Huawei, iTel, Xiaomi, and OPPO have already began to make their presence felt by grabbing market share from native manufacturers. The anticipated launch of 4G companies in January 2018 will additional add to the benefit of the Chinese language manufacturers, as they provide funds 4G smartphones with good specs. Native manufacturers like Symphony, Walton, and Winmax must rapidly adapt to the change available in the market in the event that they need to keep share.”
In the meantime, Bangladesh handset market grew 19 p.c Y-o-Y and 1 p.c sequentially. Flat sequential progress through the quarter was attributed to extra stock available in the market post-EID competition and the impression of heavy rainfall throughout the nation for nearly two weeks.
“Samsung was capable of keep its second place within the smartphone phase with 14 p.c market share. Its gross sales nonetheless declined three p.c in comparison with Q3 2016. Its Galaxy J2 mannequin was the primary smartphone offered within the nation through the quarter because of robust promotions,” report added. Huawei managed to garner the third spot with eight.5 p.c market share within the quarter as its low-cost Y collection smartphones helped the model keep related to Bangladeshi customers and iTel, one other is at quantity 5 captured 6.9 p.c share.
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