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Samsung predicted to lose major chunk of its share in India’s premium smartphone market

Samsung has been on top of India’s smartphone market for a few years now, its current market share stands at 48 percent. Market research agency Counterpoint Research has come up with a new report which claims that Samsung is going to lose a significant chunk of its market share in the high-end segment due to the Galaxy Note 7 crisis and strong potential of the iPhone 7.

The report estimates that Samsung had a 58 percent share in India’s high-end smartphone market in the third quarter of this year, only handsets priced at Rs. 30,000 ($450) and above are included in this segment. It’s predicted that the market share in this segment is going to see a significant decline in the October-December quarter this year and that Samsung would not be able to benefit from the usual increase in sales due to the festive season.

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