October 26, 2020

Oppo, Vivo sales drop by 30% in July

Chinese smartphone brands Oppo and Vivo, which together captured 22% of India’s smartphone market in just about a year, reported sales fall for the first time in July even as some online-only brands such as Xiaomi entered the offline retail space.
Sales of Oppo and Vivo declined 30% in July and they continue to remain down this month, according to four leading cellphone retail chains and several neighbourhood retailers who felt this could be a precursor to a churn in the market.
Their fall came even as the Indian smartphone market grew by around 8% in July as per initial estimates.
Panic stricken, the Chinese owners of Oppo and Vivo have sent Chinese expats into the market along with Indian executives to talk to distributors in every state to take stock of the situation, three senior industry executives said.
Emails sent to Oppo and Vivo did not elicit any response till Monday press time.
Trade executives attributed the sudden reversal of fortune for Oppo and Vivo, which focused on brick-and-mortar trade along with aggressive marketing spends, to offline foray of online-focused brands led by Xiaomi, the country’s second largest smartphone brand after Samsung.