Realme has taken a meteoric rise in the Nepali market. According to the report from Canalys, the Chinese smartphone manufacturer has claimed the third rank in Q3 of 2021 in the nation, just behind Samsung and Xiaomi.
The report suggests that Realme took a massive leap — the biggest QoQ growth for the company in Nepal — with 257% growth over the last quarter. The report was made according to the estimated sell-in smartphone shipments in the last quarter.
This now means that Realme has a 14% market share in Nepal. The QoQ growth to ship 257% more smartphones compared to Q3 of last year also makes the firm the most successful smartphone brand leaving behind the likes of Samsung and Xiaomi, both of which saw an annual decline of 39% and 55% respectively in Q3. Though, both brands still maintain the top two positions with 39% and 24% market share respectively.
Despite a slow start, Realme has quickly grown to become one of the best smartphone brands in the Nepali market, which also points out the aggressive approach of the company in recent days. The company’s recent GT Neo 2 5G proves that the company is here to stay and compete with the top players.