India Smartphone Market Declined by 10% in 2022 to 144 Million Units
According to the International Data Corporation ’s (IDC) Worldwide Quarterly Mobile Phone Tracker, the India smartphone market exited 2022 with 144 million shipments (the lowest since 2019), with a 10% decline YoY (year-over-year). 4Q22 declined 27% YoY as shipments fell to 30 million units. Despite multiple price discounts and channel schemes, high inventory levels after Diwali restricted new … Read more