Samsung is not doing very well in the Chinese market. More than a month ago we you informed about its market share in the Chinese market falling below 1%, according to analyst firm Strategy Analytics. Samsung is really disappointed because no matter what it does, it is unable to grab a bigger share in the Chinese market, which is considered to be the largest smartphone market. But the good news is that it maintains its dominant position in the second largest smartphone market, India, despite competition from Chinese brands here as well.
Samsung has launched in the Indian market Galaxy J6, Galaxy A6, Galaxy A6+ and Galaxy J8. In an interview with reporters at the launch of new models, the director of Samsung India revealed interesting insights about the performance of the South Korean giant in the country.
Samsung claims to have a 40% market share in India
Samsung's revenue increased by 27%, which means that the company is selling smartphones it grossed $5 billion in the Indian market. During Q1 2018, the smartphone maker gained 40% share in the Indian market.
Furthermore, the director stated that all products sold in India are manufactured in a local plant in the city of Noida. Samsung plans to expand production facilities as it aims to produce 2020 million smartphones annually in India by 120. At the same time, the company plans to manufacture most of its devices in India and export them to other markets from there.
