Young smartphone brand Realme grows 132% in the third quarter globally

The young smartphone brand Realme stood out with 45 per cent (on-year) growth and 132 per cent (on-quarter) growth globally in the third quarter this year, cumulatively shipping over 50 million smartphones by the end of Q3 worldwide, a new report said on Monday.

In India, it grew over 300 per cent (QoQ) grabbing 15 per cent share and getting close to the more established brand Vivo.

It has also become the world’s fastest brand to hit 50 million shipments since inception, according to Counterpoint Research.