Popular mobile phone brand realme has grown by 255 percent Quarter-on-Quarter (QoQ) in the Bangladesh market since its inception, according to Counterpoint Research.
It has ranked among top four in listing shipment achievements of Q3 2020 within the nation’s market, said a press release.
Despite the current market trend, the young brand has grown by 45 percent Year-over-Year (YoY) and 132 percent QoQ in Q3 and becoming the world’s fastest brand to hit 50 million shipments since its inception in August 2018.
On this occasion, Reeves Li, Brand Manager of realme Global, said: “We’re ecstatic to become the world’s fastest brand to hit 50 million shipments. We’re also extremely pleased to achieve the fourth ranking position in smartphone shipment in Bangladesh.”
“We’re delighted to receive such an amazing response from our fans within the nation, and we’ll further try to create new value for our customers and build a strong IoE (Internet of Everything) era,” he said.
According to Counterpoint Research, realme has been efficiently bringing cutting-edge technologies and features to the targeted segment and has differentiated its value proposition in the intense market competition.
In India, realme has become one of the top five brands in Q1 2019. By Q3 2020, the brand grew over 300 percent in India by obtaining a 15 percent share of the smartphone market.
realme has entered the South-East Asia (SEA) markets in Q4 2018 and has already been recognised as one of the top brands in numerous countries within two-quarters of the initial launch.
In SEA, the brand grew by 196 percent YoY and 47 percent QoQ while portraying a clear leadership in vital countries, including the Philippines, Malaysia, Thailand, Indonesia, and Vietnam. It has also solidified realme’s position among the top brands of these regions.
In the European regions like Spain, realme achieved among top ranking with one month of its launching. Besides, the brand has earned the recognition of among top brands in Russia too.
In addition, realme has become one of the top brands in numerous developed countries globally, including Australia and Singapore.
In China, realme had a growth of 90 percent QoQ in Q3 and has achieved the sixth position in the ranking of shipment volume. Besides, the brand has also earned the fifth position in China’s 5G smartphone segment.
Source: United News of Bangladesh