Total shipments for set-top boxes (STBs) in India amounted to 1.4 million units in CY Q3 2013; a drastic decline of 75 percent to the previous 5.6 million Unit Shipments of CY Q2 2013.
Skyworth endured its market leadership followed by COSHIP and Cisco. Slow uptake of STBs and excess of stock in the CY Q2 2013, delay in the collection of CAF (Cable Applicable Form) from Cable TV subscribers as well as slow intake of revenues in the system are some of the major factors resulting in the decline of total Unit Shipments in the current quarter.
In CY Q3 2013, the cable type of STBs holds more than 51 percent of the market share followed by DTH and terrestrial STB (Free to Air). For CY Q3 2013, COSHIP experienced a considerable increase of 275 percent, replacing Cisco and emerging as the second largest player as compared to CY Q2 2013.
In the current quarter, Skyworth, COSHIP and Cisco aggregated 60 percent of the total market share in terms of total unit shipments for the India STB market.