India Smartphone Shipments Hit Six-Year Low Amid Soaring Costs and Sluggish Demand
Updated
Updated · Yahoo Finance · Apr 17
India Smartphone Shipments Hit Six-Year Low Amid Soaring Costs and Sluggish Demand
47 articles · Updated · Yahoo Finance · Apr 17
India's smartphone market saw shipments fall 3% year-on-year in Q1 2026, marking its weakest first quarter in six years.
Rising memory and component costs, currency pressures, and subdued consumer demand pushed prices up, especially hurting the sub-₹15,000 segment.
Analysts expect a double-digit decline in Q2, with full-year shipments projected to drop 10% as affordability concerns delay upgrades and weaken mass-market demand.
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