Shipments of Indian manufactures smartphones have declined 11 per cent (year-on-year) to reach just over 45 million units in Q3 in 2022. Xiaomi with a 21 per cent market share, followed by Samsung at 19 per cent share, according to a report published on Thursday.

According to the latest research from Counterpoint's 'Market Monitor service,' the decline, which is the first ever for a Q3, can be attributed to the high base last year due to the pent-up demand during Q3 2021, as well as lower consumer demand in the entry-tier and budget segments in Q3 2022. One in three smartphones shipped during the quarter was a 5G smartphone. Samsung led the 5G smartphone segment with a 20 per cent share, followed by OnePlus and vivo.