Earlier within the day, it was reported by way of IANS that the corporate is planning to appoint a brand new enterprise head from China for the Indian division, as Sheth is prepared to step down from his place as quickly as there’s an official affirmation. He holds a number of positions at Realme and has been the face of Realme India for a few years now. Sheth additionally oversees Realme’s abroad enterprise and reviews instantly to Sky Lee, Realme’s founder and CEO.
Realme is performing effectively in India not solely when it comes to smartphone gross sales, but additionally in different electronics and residential home equipment. The corporate, together with different Chinese language corporations such as TP-Hyperlink and Hikvision, just lately dominated the house safety digital camera market in India in 2022 with a share of 77 p.c, in accordance to analysis agency Counterpoint Analysis.
In accordance to IDC, Realme was among the many high 5 smartphone shipments in India within the July-November 2022 quarter with a share of 14.2 p.c. Since its inception in 2018, Realme has established itself effectively within the Indian smartphone market.
Realme has already entered the 5G smartphone division in India throughout worth ranges, from reasonably priced fashions to the premium section.
Whereas the corporate has not made any official assertion relating to Sheth’s resignation as CEO of Realme India, it stays to be seen who shall be appointed as the subsequent head of the smartphone model’s India enterprise.