Xiaomi overtakes Samsung as leader in India’s smartphone market: Report

After nearly six quarters, China’s Xiaomi has surpassed Korea’s Samsung, regaining the top position in India’s smartphone industry. This marks a significant turnaround for Chinese brands in this highly competitive market, after reporting a significant decline in profits at the end of financial year 2022-23 (FY23) in India. Meanwhile, Samsung fell into third place behind Vivo in the June quarter, according to data from market researcher Canalys.