They’re catching up.
realme wants to play with the big boys in the smartphone sphere and they have the stats to show as the company now is the fastest growing smartphone brand to reach the 50 million milestone based on Counterpoint’s Q3 2020 report.
That’s faster than Apple, Samsung or even Huawei and realme is now looking to challenge the top six industries players.
As they leap to 50 million, we take a look at realme’s growth in the past year:
Strong growth in Q3
They’ve sold millions (14.8 million to be exact) of realme phones in the third quarter of 2020 alone, which translates into sales growth of 132%, making it the fastest-growing brand in that period.
Globally, realme recorded an impressive 45% year-on-year growth and a staggering 132% quarter-on quarter growth!
According to Counterpoint, realme’s growth rate in shipments volume represents the strongest growth momentum among major global original equipment manufacturers (OEMs).
Banking on positioning the brand for youths, realme grew to become one of the top 5 and top 3 brands in key markets, including India, Indonesia, Bangladesh, Philippines and some other Southeast Asian countries.
The company now is in 61 markets around the world within the span of 2 years, which is unheard of in the industry, and is one in the top five brands in 13 countries.
In Malaysia itself, realme has soared to the second spot with it’s impressive 50% quarter-on-quarter growth.
The future also looks bright for the company as a 2020 e-Conomy report launched by Google, Bain and Temasek found more than 1 in 3 digital service users are new because of the pandemic.
The research expects Malaysia’s internet economy to grow threefold to reach USD30 billion (RM123 billion) by 2025 and sees that realme has a part to play to make it a reality.
Mobile connectivity will serve an important role to our economic trajectory, and I am pleased to see Realme Malaysia continuing to be an important enabler in this ecosystem by launching delightful products on their YouTube channel. As recently as September and October, Realme phones were one of the top 10 trending Google searches in Malaysia in those months. Thank you Realme Malaysia and congratulations on an amazing milestone to be proud of.Marc Woo, Managing Director of Google Malaysia
Targeted for youths
With their tagline – ‘Dare to Leap’, their strategy is simple: sell good and trendy design-driven quality products to youths at affordable and attractive price points.
Being cheap doesn’t mean that realme phones are lacking in the specs department either as it’s one of the first companies to utilize the Snapdragon 865/765G processor and a 64MP camera sensor on a realme X50 Pro.
realme’s secret: booming online sales
On 11.11, also known as Singles Day, realme saw its sales growth go up by 5,053% on Shopee compared to last year. realme is currently the number 1 brand for audio, wearables and mobile accessories on that platform.
It’s also one of the top four selling health care brands on Shopee with their realme smart scale.
Their smartphones did equally well on the platform as realme 6 and 6 pro are the best selling smartphone in the 8GB internal ram and 128 storage category.
We are honoured to be realme’s trusted e-commerce partner of choice. From smartphones to wearables, as well as health products and lifestyle offerings, realme’s wide range of products are loved by many Malaysians who shop on Shopee. This makes realme one of the best-selling mobile and gadget brands on the platform. Shopee congratulates realme on this new milestone that they have unlocked, and we look forward to exciting times ahead.Ian Ho, Regional Managing Director, Shopee
The star of the show is the Narzo 20, which is the best selling new smartphone in Lazada in 2020 (from 1 January to 11 November) and the best selling smartphone series in Lazada in terms of first day sales. It’s also in top 4 best selling smartphone in Lazada’s 11.11 promotion.
It has been a pleasure to witness how realme has further widened its digital presence on Lazada Malaysia and become one of the fastest-growing LazMall brands this year in the Mobile & Tablets category. Look forward to achieving new milestones together!Sherry Tan Chief Business Officer of Lazada Malaysia
With the numbers on their side, it’s crystal clear that realme is fast establishing itself as a serious contender in the smartphone market.
Unkempt in both stories and appearance, Hakim loves tech but tech left him on read, previously he used to write about tall buildings and unoccupied spaces that he can't afford, and legend has it that he still can't afford it to this day