Smartphone market stays below pandemic levels, concerns remain
6 days, 5 hours ago

Smartphone market stays below pandemic levels, concerns remain

Live Mint  

India’s $40-billion-plus smartphone economy is likely to continue below the demand in the pandemic era, raising concerns around how the market can revive itself. With government-affiliated think-tank Niti Aayog valuing India’s electronics industry at $155 billion as of the past fiscal, the smartphone economy is important as it accounts for over a quarter of the electronics market, without taking exports into account. Slow value growth Singh further said that while the market may finally climb back to 2021’s sales volumes by the end of next year and thus take four years to recover, the value growth is unlikely to be staggering. Still, a senior executive at one of India’s top five smartphone brands said, requesting anonymity, that 2024 was “a challenging year indeed."

India Growth Market Smartphones Smartphone Smartphone Market Demand This Year Next Year Billion Electronics  growth  stays  remain  pandemic  demand  smartphones  smartphone  concerns  indias  india  levels  value  market  billion  electronics

History of this topic

India's smartphone exports crossed Rs 20K crore mark in November, jumped almost 100% in a year
1 week ago

India's smartphone exports crossed Rs 20K crore mark in November, jumped almost 100% in a year

Firstpost  

India’s smartphone PLI scheme has been a game-changer, transforming the sector from the country’s 23rd-ranked export in 2019 to the third-largest individual commodity export today Apple emerged as the frontrunner in November, with exports worth Rs 14,000 crore, the highest ever for the company in India. Image Credit: Reuters India’s smartphone exports have reached an unprecedented milestone, crossing the Rs …

Apple sets record as Indian smartphone market expands by 5.6 per cent in Q3 2024
1 month, 1 week ago

Apple sets record as Indian smartphone market expands by 5.6 per cent in Q3 2024

India TV News  

The Indian smartphone market grew 5.6 per cent year-on-year in Q3 2024, with shipments reaching 46 million units, according to IDC's data. Apple recorded its highest-ever quarterly shipments in India, capturing an 8.6% market share, up from 5.7 per cent in Q3 2023. Surge in 5G Smartphone Shipments 5G smartphones accounted for 83 per cent of total shipments, up from …

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India
1 month, 1 week ago

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India

Firstpost  

The Indian smartphone market overall grew by 5.6 per cent year-over-year, marking its fifth consecutive quarter of positive growth. While Apple made headlines with its impressive numbers, Vivo maintained its position as the market leader, holding 15.8 per cent of the total market share The premium smartphone segment, comprising devices priced between $600 and $800, witnessed the most significant growth, …

Apple vs Samsung: See which smartphones Indians are buying
1 month, 1 week ago

Apple vs Samsung: See which smartphones Indians are buying

Hindustan Times  

Apple's market share in India has expanded while rival Samsung has struggled with its sales numbers taking a hit yet again, showed data from market intelligence firm International Data Corporation. Apple's market share grew by 58.5% year-over-year for the third quarter of 2024, while Samsung's market share fell by 19.7% year-over-year for the same period. She added that the launch …

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue
1 month, 1 week ago

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue

Firstpost  

Apple’s production increase hinges on the policies of US President Donald Trump, who has repeatedly expressed his intent to impose steep tariffs, between 60-100 per cent, on goods imported from China If Apple implements these plans, India’s share of global iPhone production could rise to over 26 per cent, a substantial jump from the current 12-14 per cent. The Economic …

Samsung, OnePlus woes threaten premium smartphone growth in India
1 month, 1 week ago

Samsung, OnePlus woes threaten premium smartphone growth in India

Live Mint  

NEW DELHI : India’s premium smartphones market witnessed a surprisingly muted festive period as buyers deferred purchases citing lack of innovation, according to retailers and distributors. Read this | Diwali smartphone sales revive budget phones—for now “Samsung’s premium devices saw a clear downturn in demand from buyers during the festive period, even though it did strongly in the budget 5G …

Xiaomi, followed by Vivo and Samsung, lead in smartphone shipments: Q2 2024
4 months, 3 weeks ago

Xiaomi, followed by Vivo and Samsung, lead in smartphone shipments: Q2 2024

The Hindu  

Chinese smartphone player Xiaomi has bagged the leading place in Q2 2024 with an 18.9% shipment share, closely followed by Vivo with 18.8% and Samsung with 18.1% share, noted Counterpoint Research. Nothing became the fastest growing brand in H1 2024, with 567% yoy growth in shipments due to new models like Phone 2a and CMF Phone 1, claimed Counterpoint. In …

HMD to double mobile phone exports from India, make it global hub, COO says
4 months, 4 weeks ago

HMD to double mobile phone exports from India, make it global hub, COO says

Live Mint  

New Delhi: Human Mobile Devices, or HMD, makers of Nokia-branded mobile phones, aims to double exports of these devices from India over the next year to 4 million units and boost local production by more than a third, its chief operating officer Alain Lejeune said on Thursday. Exploring Nokia HMD is currently exporting Nokia brand of featurephones and smartphones to …

Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up
5 months ago

Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up

The Hindu  

US smartphone major Apple assembled 14% of global iPhones in India in FY24 and the country's ranking in global electronics export improved by four positions, Economic Survey 2023-24 said on July 22. "Apple assembled $14 billion worth of iPhones in India during FY'24, constituting 14% of its global iPhone production," the Economic Survey said citing third-party data. The survey recorded …

Indian smartphone market grows only by 1 percent in Q2 of 2024: Here are top manufacturers
5 months ago

Indian smartphone market grows only by 1 percent in Q2 of 2024: Here are top manufacturers

India TV News  

The Indian smartphone market experienced only a 1 percent growth in the April-June quarter, with a total of 36.4 million units shipped, as stated in a report released on Thursday. Xiaomi regained the top position after six quarters, capturing an 18 percent market share with 6.7 million units shipped. Vivo closely followed, also shipping 6.7 million units, boosted by affordable …

Global smartphone market sees 6.5 per cent growth in Q2, Samsung and Apple lead: IDC Report
5 months, 1 week ago

Global smartphone market sees 6.5 per cent growth in Q2, Samsung and Apple lead: IDC Report

India TV News  

Global smartphone shipments have reportedly increased by 6.5 per cent in the second quarter of 2025, which will be driven by Samsung Electronics and Apple. Global smartphone shipment in the second quarter As per the Reuter report, it is marked as the fourth consecutive quarter of growth in global shipments, in which smartphone manufacturers are leveraging artificial intelligence to attract …

Global Smartphone Market Sees Biggest Growth In 3 Years; Samsung Retains Top Spot
5 months, 1 week ago

Global Smartphone Market Sees Biggest Growth In 3 Years; Samsung Retains Top Spot

ABP News  

The global smartphone market saw a significant upturn in the second quarter of 2024, with sales increasing by six per cent compared to the same period last year. Samsung Leads Market Share, Followed By Apple Several regions played a key role in driving this growth, particularly Europe and Latin America, where smartphone sales surged by over 10 per cent. Apple …

China's smartphone market grows 6.5% in Q1
7 months, 4 weeks ago

China's smartphone market grows 6.5% in Q1

China Daily  

By Sun Chi | chinadaily.com.cn | Updated: 2024-04-25 17:32 Customers try smartphones in the Pura 70 series at a Huawei retail store in Shanghai on April 19. China's smartphone market saw shipments reach about 69.26 million units, an increase of 6.5 percent in the first quarter of 2024 on a yearly basis, according to a latest report by market consultancy …

China's smartphone market grows 6.5% in Q1
7 months, 4 weeks ago

China's smartphone market grows 6.5% in Q1

China Daily  

By Sun Chi | chinadaily.com.cn | Updated: 2024-04-25 17:32 Customers try smartphones in the Pura 70 series at a Huawei retail store in Shanghai on April 19. China's smartphone market saw shipments reach about 69.26 million units, an increase of 6.5 percent in the first quarter of 2024 on a yearly basis, according to a latest report by market consultancy …

Hiring now! Apple may create 500,000 jobs in India
8 months ago

Hiring now! Apple may create 500,000 jobs in India

Hindustan Times  

Apple has been trying to diversify its manufacturing base away from China after facing huge difficulties during the Covid-19 pandemic when the production of iPhone and other gadgets came under intense pressure. It has been reported that Apple, via its vendors, may create over 500,000 jobs in India over the next three years, news agency PTI reported quoting government sources. …

Apple’s iPhone shipments fall 10% as android rivals rise: What's happening?
8 months, 1 week ago

Apple’s iPhone shipments fall 10% as android rivals rise: What's happening?

Hindustan Times  

Apple Inc.’s iPhone shipments were down nearly 10% in the first quarter of the year, losing ground as the broader smartphone industry rebounded, according to market tracker IDC. Apple iPhones are seen inside India's first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India. The Cupertino, California-based company has struggled to sustain sales …

India Nears Rs 20 Lakh Crore Mobile Production Target: All You Need To Know
9 months, 2 weeks ago

India Nears Rs 20 Lakh Crore Mobile Production Target: All You Need To Know

News 18  

India is close to achieving the target of Rs 20 lakh crore worth mobile phone production in the last 10 years, while crossing Rs 1.20 lakh crore worth phone exports in the current fiscal year — a whopping 7,500 per cent increase in exports over a decade — top electronics industry body India Cellular and Electronics Association said on Thursday. …

Push towards premium is a journey, and we’ll persist: Xiaomi’s Muralikrishnan B
10 months ago

Push towards premium is a journey, and we’ll persist: Xiaomi’s Muralikrishnan B

Hindustan Times  

After successive tough few quarters that saw Xiaomi lose significant chunk of their market share, Muralikrishnan B, president of Xiaomi India, decided in July 2023 that it was time for a no-compromise approach towards reconstructing the tech company’s India business. Xiaomi India president Muralikrishnan B “At the beginning of 2023, is when we realised a few things haven’t gone as …

Apple tops India smartphone revenue in 2023, nears $10 bn mark
10 months, 3 weeks ago

Apple tops India smartphone revenue in 2023, nears $10 bn mark

Live Mint  

Apple is projected to have pipped Samsung for the top spot in terms of revenue with almost one-third of Samsung’s total shipment volume—while Apple is said to have shipped just over 10 million iPhones last year, Samsung shipped over 27.3 million to capture 18% of the market. iPhone-maker Apple marked 2023 as the first year when it topped the smartphone …

Apple Pips Samsung For The First Time To Dominate Global Smartphone Shipments In 2023
11 months ago

Apple Pips Samsung For The First Time To Dominate Global Smartphone Shipments In 2023

ABP News  

In 2010, a company other than Samsung last held the top position in the global smartphone market. This significant change is fueled by Apple's all-time high market share a first time at the top, says a report by International Data Corporation. According to preliminary data from IDC's Worldwide Quarterly Mobile Phone Tracker, 2023 witnessed a 3.2 per cent year-over-year decline …

Apple's 'Made in India' iPhones contribute to Rs 65,000 crore in exports in 2023
11 months, 2 weeks ago

Apple's 'Made in India' iPhones contribute to Rs 65,000 crore in exports in 2023

India TV News  

Apple has reportedly assembled the new iPhones which are worth more than Rs 1 lakh crore in India in 2023, as India doubles the down on local manufacturing. Riding on the local manufacturing growth, mobile phone exports from the country have surpassed USD 9 billion from April to November in the current fiscal year, as per the India Cellular and …

Smartphones see a muted ’23, this year may be better
11 months, 2 weeks ago

Smartphones see a muted ’23, this year may be better

Live Mint  

New Delhi: India’s smartphone market cooled for a second straight year in 2023, analysts polled by Mint said, even as they expect the year ahead to be better than the last. Smartphone volumes at 144-145 million units in 2023 remained unchanged from the previous year or were slightly less, four telecom analysts polled by Mint said. However, helped by higher-priced …

Apple warns India against EU-like USB-C rules for iPhones, says move will hit local production targets
1 year ago

Apple warns India against EU-like USB-C rules for iPhones, says move will hit local production targets

Firstpost  

The Indian government has been considering making USB-C ports the standard charging port for phones and personal devices, just like the EU. However, Apple is lobbying the government to not implement such a policy, saying that it will interfere with their local production targets Apple has informed the Indian government about potential disruptions to its local production targets if New …

India’s smartphone market sees flat growth in September quarter
1 year, 1 month ago

India’s smartphone market sees flat growth in September quarter

Live Mint  

New Delhi: India’s smartphone market posted almost flat year-on-year growth during the second quarter of 2023-24, with shipments of 44 million units. Next year, we will see affordable 5G and foldable phones at the mid to premium end, but inflationary stress and longer refresh cycles may limit annual market growth in 2024,” said Navkendar Singh, assistant vice- president, devices research, …

5G Budget Phones Are Not Dead In India: Qualcomm To News18
1 year, 1 month ago

5G Budget Phones Are Not Dead In India: Qualcomm To News18

News 18  

Indian users can finally expect brands to launch budget 5G phones helping them use the new high-speed network in the country. Speaking to News18 recently, Savi Soin, President of Qualcomm India talked about his company’s relative absence from the sub-Rs 10,000 mobile segment in the country with 5G phones so far. We have been hearing from brands about their plans …

Apple's upcoming iPhone 15 series could overtake Samsung in global smartphone market: Report
1 year, 3 months ago

Apple's upcoming iPhone 15 series could overtake Samsung in global smartphone market: Report

India TV News  

A recent report by market intelligence company TrendForce suggests that Apple's upcoming iPhone 15 series has the potential to challenge Samsung's long-standing position as the global market leader in smartphones. The global smartphone production industry has faced consecutive quarterly declines, with the second quarter of 2023 witnessing a 6.6 per cent drop, resulting in a total production of approximately 272 …

Premium segment brands created feeder base for Apple iPhone: Report
1 year, 3 months ago

Premium segment brands created feeder base for Apple iPhone: Report

The Hindu  

Premium-focused smartphone sellers like OnePlus, Oppo and Vivo helped Indian smartphone users make the aspirational jump to become iPhone owners, noted research firm Techarc in a report on Thursday. With the segment growing for the past few years in India the potential feeder base for iPhone is only expanding,” said Faisal Kawoosa, founder of Techarc, adding that the iPhone feeder …

New battles define a slowing Indian smartphone market
1 year, 4 months ago

New battles define a slowing Indian smartphone market

Hindustan Times  

Which brand is the number one smartphone maker in India at present? “Despite an overall decline in smartphone shipments, the 5G smartphone segment showed promising performance capturing 47% market share; up from 31% in Q2 2022,” says Shipra Sinha, analyst for Industry Intelligence Group at CyberMedia Research. Research firms IDC and TechInsights Inc in their reports peg Vivo as having …

Samsung leads 5G market share in Q2 in India; smartphone shipments decline overall: Report
1 year, 4 months ago

Samsung leads 5G market share in Q2 in India; smartphone shipments decline overall: Report

The Hindu  

Samsung leads the 5G smartphone market in India with a 24% market share, followed by OnePlus, noted CyberMedia Research ’s Q2 2023 data released on Friday. Meanwhile, smartphone market shipments declined 6% YoY, while the overall mobile market declined by 2% YoY. Premium segment recorded 9% YoY growth, the super-premium smartphone segment grew 95% and the uber-premium segment witnessed 133% …

Top 10 Smartphone Brands in India 2023: Vivo no.1 But Xiaomi no. 5
1 year, 4 months ago

Top 10 Smartphone Brands in India 2023: Vivo no.1 But Xiaomi no. 5

News 18  

Vivo is the surprising leader of the Indian smartphone market in Q2 2023 as per the latest industry reports. Vivo’s position was already growing thanks to its market strategy and now with Xiaomi droppin way down to number 5 on the list, the brand has managed to surpass the likes of Samsung to become the leading brand in the market. …

Global smartphone market declined 8% YoY in Q2 2023, premium segment remains immune: report
1 year, 5 months ago

Global smartphone market declined 8% YoY in Q2 2023, premium segment remains immune: report

The Hindu  

The global smartphone market declined 8% year-over-year in Q2 2023, making it the eighth consecutive quarter to witness YoY decline. The slowdown in growth can be attributed to the global smartphone market moving past its growth phase, consumer replacement cycles getting longer, convergence in device innovation, and the emergence of a more mature refurbished market for smartphones. Premium segment remains …

Slow 5G adoption in India due to limited coverage and affordable handset availability
1 year, 5 months ago

Slow 5G adoption in India due to limited coverage and affordable handset availability

India TV News  

According to a recent report by Counterpoint Research, the mass adoption of 5G in India is being hindered by patchy network coverage and the lack of affordable 5G handsets. Furthermore, the report highlighted the lack of awareness about the use cases of 5G and the limited availability of 5G handsets priced below Rs 10,000. Counterpoint's data revealed that 5G smartphone …

Indian smartphone users benefit by ₹6 for every ₹1 they spend, study reveals
1 year, 5 months ago

Indian smartphone users benefit by ₹6 for every ₹1 they spend, study reveals

Live Mint  

Vivo India released the India Impact Report, revealing that smartphone users in India benefit by ₹ 6 for every Re 1 spent. The study also states that the economic value of smartphones for the rich is almost 50% higher in India as compared to the middle class. It covered a diverse sample of 1,000 smartphone users across 14 metro and …

India set to achieve 700 million 5G mobile subscriptions by 2028: Report
1 year, 6 months ago

India set to achieve 700 million 5G mobile subscriptions by 2028: Report

India TV News  

A recent report from Ericsson has revealed that the number of 5G mobile subscriptions in India reached approximately 10 million by the end of 2022. The study estimates that this figure will skyrocket to around 700 million by the end of 2028, constituting roughly 57% of all mobile subscriptions in the country. The report forecasts a compound annual growth rate …

Global smartphones market contracts even as inventories rise and consumers renew less often
1 year, 7 months ago

Global smartphones market contracts even as inventories rise and consumers renew less often

The Hindu  

The global smartphone market contracted even as major brands witness pile-up in inventories and consumers rethink renewing their handsets. The drop is seen as the weakest holiday-season quarter for smartphone sales in a decade as slower-than-expected recovery in China, and waning consumer confidence due to unrelenting market volatility dampened consumer spending. Consumers are choosing to renew less often but with …

India’s smartphone shipments decline 21% in Q1 2023: Report
1 year, 7 months ago

India’s smartphone shipments decline 21% in Q1 2023: Report

The Hindu  

India’s smartphone market shipments declined 21% in the March-ending quarter, compared to the same period last year. There were 34 new 5G smartphone launches in the first quarter of 2023, CMR’s ‘India Mobile Handset Market Review Report for Q1 2023’ report said. However, the super-premium smartphone segment and the Uber premium segment shipments saw remarkable growth of 96% and 208% …

Smartphone Shipments In India Decline 16% In January-March: IDC Report
1 year, 7 months ago

Smartphone Shipments In India Decline 16% In January-March: IDC Report

News 18  

Smartphone shipments in India declined 16 per cent year-on-year in the January-March quarter to 31 million units, market research firm IDC said on Thursday. “31 million smartphones were shipped in India during the first quarter of 2023, a decline of 16 per cent YoY, and the lowest first-quarter shipments in four years," International Data Corporation’s Worldwide Quarterly Mobile Phone Tracker …

5G smartphone share goes up by 45% in India as high-end 4G devices vacate space
1 year, 7 months ago

5G smartphone share goes up by 45% in India as high-end 4G devices vacate space

India TV News  

5G smartphone share increased to 45 per cent in India in the March quarter, up from 31 per cent in the same period last year, led by Samsung which accounted for more than a quarter of the 5G smartphone shipments. A report from the International Data Corporation showed that 31 million smartphones were shipped in the country in the first …

India’s smartphone shipments drop for the third consecutive quarter, falling 19% YoY: Report
1 year, 7 months ago

India’s smartphone shipments drop for the third consecutive quarter, falling 19% YoY: Report

The Hindu  

Indian smartphone market recorded its highest-ever drop in Q1 2023, a decline of 19% year-on-year between January and March 2023. Samsung’s 5g-capable A series performed well in the offline market contributing 50% of the shipments and its ultra-premium segment grew 247% driven by the success of its S23 series. Vivo maintained its second position in terms of shipments with a …

Apple Inc bets big on India as it opens first flagship store
1 year, 8 months ago

Apple Inc bets big on India as it opens first flagship store

Associated Press  

NEW DELHI — Apple Inc. opened its first flagship store in India in a much-anticipated launch Tuesday that highlights the company’s growing aspirations to expand in the country it also hopes to turn into a potential manufacturing hub. The company’s CEO Tim Cook posed for photos with a few of the 100 or so Apple fans who had lined up …

Apple makes strategic move in India, here are some challenges it faces
1 year, 8 months ago

Apple makes strategic move in India, here are some challenges it faces

Live Mint  

Apple Inc. opened its first flagship store in India in a much-anticipated launch Tuesday that highlights the company's growing aspirations to expand in the country it also hopes to turn into a potential manufacturing hub. About 600 million of India's 1.4 billion people have smartphones, “which means the market is still under-penetrated and the growth prospect is huge,” said Neil …

Indian Smartphone Market Declines 27% In Q4 2022, Entry-Level Segment Hit Hard: IDC Report
1 year, 10 months ago

Indian Smartphone Market Declines 27% In Q4 2022, Entry-Level Segment Hit Hard: IDC Report

News 18  

With smartphones’ increasing similarity in appearance, reaching the proverbial ‘saturation point’ in terms of performance, and rising Average Selling Price, the demand for them has declined in India. According to IDC, the shipment of smartphones in India experienced a sharp decline of 27% in the Q4 2022, reaching 29.6 million units compared to 40.6 million in the same period of …

India’s smartphone market declined 10% in 2022, Apple leads premium segment: Report
1 year, 10 months ago

India’s smartphone market declined 10% in 2022, Apple leads premium segment: Report

The Hindu  

India’s smartphone market exited 2022 with 144 million shipments, lowest since 2019, with a 10% decline y-o-y, noted International Data Corporation. In the premium segment of $500+, Apple maintained its lead with a 60% share with iPhone 13 being the 3rd most shipped device in 2022, followed by Samsung with a 21% share. Brand-wise, Xiaomi maintained lead with 18.6% market …

India smartphone market dip 27% in Q4; entry-level, sub-₹ 25,000 segment most hit
1 year, 10 months ago

India smartphone market dip 27% in Q4; entry-level, sub-₹ 25,000 segment most hit

The Hindu  

Smartphones shipments in India plunged by over 27% to 29.6 million in the October-December quarter of 2022, from 40.6 million in the year-ago period, mainly due to inflationary pressures, market research firm IDC said on Friday. IDC India, Research Manager, Client Devices, Upasana Joshi said dearth of new launches in sub-$150 smartphone segment limited its growth. According to IDC Associate …

5G smartphone shipments in India grew 74% YoY in CY2022: Report
1 year, 10 months ago

5G smartphone shipments in India grew 74% YoY in CY2022: Report

The Hindu  

5G smartphone shipments in India grew by 74% with Samsung leading the segment with a 23% market share, followed by OnePlus with a 15% market share, according to CyberMedia Research ’s India Mobile Handset Market Review Report for CY2022. The 5G smartphone shipment share increased to 31%, with shipments growing 74% YoY in 2022, around $20Bn value of 5G smartphones …

Apple Earnings Quarterly iPhone Sales Tim Cook India Bullish Significant Energy
1 year, 10 months ago

Apple Earnings Quarterly iPhone Sales Tim Cook India Bullish Significant Energy

ABP News  

Apple CEO Tim Cook has said he is “very bullish on India” and described the country as a major focus and "hugely exciting market” where the technology giant is putting a “significant amount of energy” through investments, retail and online presence. I'm very bullish on India,” Cook said at an earnings call after Apple reported financial results for its fiscal …

5G replacements to help smartphone shipments grow in 2023
1 year, 11 months ago

5G replacements to help smartphone shipments grow in 2023

Deccan Chronicle  

Chennai: The replacement demand driven by 5G devices is expected to fuel moderate growth in the smartphone market in 2023, while the increased purchasing power during the election year of 2024 might help smartphones as well. India’s smartphone shipments shrank 6 per cent in 2022 to 151.6 million units, according to Canalys. Samsung took the number one spot in Q4 …

India's smartphone shipments drop 6% to 151.6 mn units in 2022: Report
1 year, 11 months ago

India's smartphone shipments drop 6% to 151.6 mn units in 2022: Report

Business Standard  

India's smartphone shipments drop 6% to 151.6 mn units in 2022: Report The major drop in shipments were recorded in the fourth-quarter, falling by 27 per cent to 32.4 million units Premium On the global front, the smartphone shipments fell by 17 per cent in Q4 2022, with entire 2022 shipments declining by 11 per cent to fewer than 1.2 …

Foldable phone shipments in India to grow 20-30% in 2023
1 year, 11 months ago

Foldable phone shipments in India to grow 20-30% in 2023

Live Mint  

NEW DELHI: Domestic foldable phone shipments are likely to see a rise of 20-30% next year, after 2022 saw an increase of more than 50%, both globally and in India. According to market research firm Counterpoint’s annual report, titled ‘Global Foldable Smartphone Market Forecast, Q3 2022’, FY23 is likely to close at a 52% annual growth, with 22.7 million foldable …

Discover Related