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Chinese(Korean) phonemakers hold 90% of Indian smartphone marketshare now


hyperbole

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How Chinese phonemakers have destroyed Indian ones? 

In 2015 when the share for Chinese players was just 9%, Indian companies collectively -- Intex, Karbonn, Lava, and Micromax had 80% marketshare -- it has now  tanked to just 7.6% , almost an inversion of the 2015 landscape.

Micromax's valuation has nosedived from its peak of ₹21,000 crore four years ago to a measly ₹1,500 crore and eventually staring at bankruptcy, signalling a spectacular 93% drop over the period..

 

Smartphone-Market-Share-Q2-2019.jpg

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