A new report from IDC states that OnePlus has recorded a staggering growth for the fourth quarter of 2017 in India. The premium smartphone maker, that dubs its smartphones ‘flagship killers’, captured 48 percent market share for premium Android smartphones in that respective quarter. This puts OnePlus above Samsung and that is no mean feat!
As for the complete fiscal year of 2017, the Chinese brand grew by leaps and bounds at the rate of 1116 percent. This is no small achievement by the company as it enters its fourth year. The premium segemnt is dominated by the likes of Samsung and Apple in India. Amidst these mammoth companies, a four-year-old OnePlus is now valued at $1.4 billion.
General Manager of OnePlus, Vikas Agarwal, said, “It is truly remarkable that OnePlus has become the biggest Android premium smartphone brand within just three years of entering the Indian market.”
The new report by IDC comes after OnePlus itself announced record revenues in 2017 owing to good sales.
OnePlus recently released the Lava Red variant of the OnePlus 5T as a limited edition in India. The handset has quickly gone out of stock in the country after being launched three weeks back. This was also the case with the Sandstone White variant which is a fan favorite. The variant although didn’t launch in India but went out of stock in mere hours after launch.