The Smartphone heavyweights Samsung,
In the fray are South Korea's
Following up on the launch of its flagship Galaxy S6 and Galaxy S6 Edge in March, Samsung introduced Galaxy S6 edge+ in August and Galaxy Note 5 in September. Google Tuesday unveiled two devices -
"The launches will ignite excitement in the segment," Vishal Tripathi, research director at Gartner told The Economic Times. "Premium smartphone is a critical part of phone makers' portfolio, including those that lead the market, because consumer demand to upgrade to the next new model is growing, although slowly, in India."
Big-ticket introductions are set to reinvigorate the segment. Premium smartphone shipments fell 26% to 1.77 million units in 2014 from a year earlier and climbed back up to 1.97 million as of August this year, according to CyberMedia Research.
Samsung and Apple have been taking turns at leading the market in the face of challengers such as China's
Apple led the segment with a 46% volume share in the January to August 2014 period, followed by Samsung with 34% and Sony with 12%. However, the tables turned in 2015.
Samsung expanded its share to 52% in January to August 2015 on the back of devices launched since February.
Apple lost some shine as its share dropped to 40% while HTC managed to claw up to 4%.
Analysts at the ET foresee little change in the market in the short to medium term.
(Image: Reuters)