Smartphone shipments fall 20% YoY in Q3 as price hikes mute demand

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 23 Oct, 07:54 UTC

In the third quarter of this year, India saw a staggering 20% drop in smartphone shipments, largely due to rising memory costs impacting overall device pricing and consumer desire. Notably, the mass-market segment, particularly phones under Rs 20,000, witnessed a 47% decline. The sluggish demand…