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New Delhi, Hong Kong, Seoul, London, Beijing, San Diego, Buenos Aires –
December 17th, 2019
The share of Chinese brands reached the highest ever level, accounting for 57% of smartphone sales in Q3 2019 in the Philippines market, according to the latest research from Counterpoint’s Market Pulse Service. The rise of Chinese players is mainly due to the growth of Vivo, OPPO and realme and their efforts to grow share with new product launches, increased marketing and distribution channel expansion.
Looking at the competitive landscape in the Philippines, Tarun Pathak, Associate Director, said, “Samsung, Vivo and OPPO have become the top smartphone players in the Philippines smartphone market capturing 57% share. The share of local players is declining due to the growth of Chinese players that are focused on launching high-end features at affordable prices through an expanding presence across channels. realme quickly entered the top ten smartphone brands within a year of launching; it has established a strong presence in the region through both online and offline channel expansion and by launching an array of products from budget to upper mid-range to target millennials and Gen-Z consumers.”
Commenting on the overall market, Anshika Jain, Research Analyst said, “The overall smartphone market has shown an 11% decline YoY as consumers hold-off ahead of the upcoming holiday season and the expectation of big discounts mid- and high-range smartphones. Q3 has always been a seasonally slow period in the Philippines.
“There has been a shift in the Philippines as consumers' preferences are moving toward smartphones with higher specifications and better features. Due to this, we have seen the growth of Chinese players that are renowned for introducing new products with industry-leading feature sets. As a result, we have also seen the ASP of the market gradually moving up, from $162 in Q3 2018 to $171 in Q3 2019,” she added.
Exhibit 1: Philippines Smartphone Market Share Q3 2019
Source: Counterpoint Research Market Pulse Q3 2019
Market Summary:
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The Counterpoint Market Pulse is based on sell-through estimates based on retail surveys, vendor polling triangulated supply chain checks and secondary research.
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