The richest mobile company in India, based on market value share in Q2 2024, is Samsung.
Samsung holds the largest share of the Indian mobile market in terms of value, indicating its leading position in revenue generation among the top brands. While "richest" can sometimes refer to profitability or overall company net worth, in the context of market performance data, it typically refers to the brand with the highest market value share.
India's Leading Mobile Brands by Market Share (Q2 2024)
The competitive landscape of the Indian mobile market is dynamic, with several key players vying for dominance. As of Q2 2024, the market share by both volume and value provides a clear picture of the leading brands.
Here's a breakdown of the top mobile brands based on their market share data for Q2 2024:
| Brand | Market Volume Share Q2 2024 (in %) | Market Value Share Q2 2024 (in %) |
|---|---|---|
| Samsung | 18.1 | 24.5 |
| Apple | NA | 16.3 |
| Realme | 12.5 | NA |
| OPPO | 11.4 | 10.1 |
Note: 'NA' indicates that data for that specific metric was not available.
Understanding Market Share
- Market Volume Share refers to the percentage of total units sold in the market. A higher volume share indicates a company sells more devices.
- Market Value Share represents the percentage of total revenue generated in the market. A higher value share suggests a company captures more of the market's monetary value, often due to selling higher-priced devices or a larger quantity of devices across various price points.
Samsung's substantial lead in market value share underscores its strong presence across various segments, including premium and mid-range devices, contributing significantly to its overall revenue in India. While Apple holds a notable value share, it often achieves this with lower volume due to its premium pricing strategy.
