Spurred by Flipkart, Amazon Deals, Online Smartphone Sales in India May Cross $1 Billion

Riding on Amazon and Flipkart festive offers, online smartphone sales in India is likely to cross $one billion in the next five days, Counterpoint Inquiry said on Tuesday.

October is likely to be a record month in terms of smartphones sales volume with share of online channels to hit tape 42 pct for the first time always during October, the study said.

"Online sales are estimated to grow faster than offline sales during this festive month as the top 2 online retailers are ready to leverage pent up festive demand in the next 30 days," said Research Analyst Anshika Jain.

The top ii e-commerce platforms volition capture more than 90 percent share which is the biggest contribution ever in the Indian online smartphone market during October.

"Online channel contribution in terms of total smartphone sales this year in India is likely to striking 36 per cent, the highest in the earth, with peak of 42 per cent reaching during this festive season," said Tarun Pathak, Acquaintance Director, Counterpoint.

Xiaomi is likely to remain the marketplace leader in the online channels as it is all set to capture over one-half of the total online market.

Nevertheless, this fourth dimension Xiaomi is likely to confront competition from brands like Realme, Award, Asus and Nokia, which now have a portfolio spread beyond the popular price points during the festive season, said the report.

Samsung is also looking to drive volumes by bringing a couple of its all-time sellers on online platforms too. Its Galaxy S9 is now available for Rs 42,990 ($578) from its before retail price of Rs 62,500 ($840) on Amazon.

"The contribution of Chinese brands to total online sales is estimated to cross 70 per cent mark this time," the study added.

Source: https://beebom.com/flipkart-amazon-deals-online-smartphone-sales-india-billion/

Posted by: tiradoarsties1994.blogspot.com

Share this post