The India smartphone market remained stable in 2023 with a minor 2% decline in shipments, as per Canalys. Samsung led the market in Q4 2023 with a 20% share, followed by Vivo and Xiaomi. Realme recorded the highest fall in shipments, while Oppo’s market share remained unchanged. Growing investment in mainline retail space played a significant role in stabilizing the market. Xiaomi and Realme saw their highest offline shipment share in Q4.