ETtech Top 5: Chinese smartphone share decline, Ather funding & more
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The growing anti-China sentiment in the country along with supply crunch faced by major Chinese brands pulled down their contribution to India's smartphone market
Meanwhile, electric vehicle startup Ather got a booster shot from its largest backer to continue with its expansion plan
Declining Chinese smartphone share
About 72% of the smartphone shipments were from Chinese brands for the quarter ended June 30, a notable dip from 81% share in the quarter ended March 30, according to market researcher Counterpoint Research. It attributed this decline to the supply crunch faced by smartphone makers like Oppo, Vivo, and Realme as well as the rising anti-China rhetoric.
The overall smartphone shipments fell 51% to just over 18 million units, since the manufacturing facilities and sales were suspended during the first 40 days of the lockdown.
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