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Business trends

Apple loses top slot of India's premium smartphone market to Samsung

iPhone maker's market share slumps after duties boosted prices

MUMBAI (NewsRise) -- Apple slipped from the top of India's high-end smartphone market in January-March as the iPhone maker lost ground to South Korea's Samsung Electronics and China's OnePlus amid a surge in tariffs on imported handsets.

Apple's market share in the premium price segment above 30,000 rupees ($452) stood at 18% in the quarter, compared with 45% in the year-earlier period, Hong Kong-based Counterpoint Research said Friday. Samsung vaulted past second-ranked OnePlus and dethroned Apple to lead the market with a 50% share. OnePlus held ground with a 25% share, Counterpoint said.

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