Research Suggests Apple Doubled Its Market Share in India Last Year
Apple's market share in India increased from 2% to 4% in the quarter that ended in December, based on data collated by research firms Counterpoint and Cybermedia.
According to the data, Apple managed to double its market share thanks to improved sales of the iPhone 11, iPhone XR, iPhone 12, and the 2020 iPhone SE. Overall, Apple shipped more than 3.2 million iPhone units in India in 2020, up 60% year-on-year.
The results follow several recent moves by Apple in the country, including the launch of a regional online store in September 2020 and a Diwali promotion in October that offered free AirPods with every iPhone 11 purchase.
Apple has historically struggled to be competitive in what is the world's second largest smartphone market, in part due to the premium price tags of its iPhone models versus the low cost of rival handsets from the likes of Xiaomi, Oppo, and Vivo that have swamped the market.
However, Apple has taken advantage of the Indian government's Made in India initiative to increase its regional manufacturing base, which has allowed it to save import duty costs and pass on the savings to customers by reducing prices on older generation iPhone models.
Local production of newer iPhone models is next on Apple's agenda, and Apple supplier Wistron recently began trial production of the iPhone 12 at a new facility near Bengaluru, with full production set to begin in mid-2021. The iPhone 12 would be the seventh iPhone model to be manufactured in India, but the first high-end device to do so.
Apple is also planning to open retail stores in India in the near future, all of which suggests its strategy in the country is headed in the right direction. Apple is due to report its earnings on Wednesday, so expect India to be a highlight.