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% YoY respectively. Apple maintained its steady growth with a 7% market share in Q1 2023, recording a significant YoY increase of 67% in its shipments. “The decline in smartphone shipments during Q1 2023 marks the first ever Q1 decline since 2019 and is attributed to extended inventory, weakened demand, and inflation,” said Shipra Sinha, Analyst - Industry Intelligence Group, CMR.

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