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Indian Smartphone Market Faces Tough Start to 2023

In the first quarter of 2023, the Indian smartphone market saw a record decline, with shipments falling by 20% year on year. This was the marketu2019s first-ever Q1 decrease, with over 600 million users. read more trendinggutuji.in<br><br>

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Indian Smartphone Market Faces Tough Start to 2023

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  1. April 20, 2023 Indian Smartphone Market Faces Tough Start to 2023 In the ?rst quarter of 2023, the Indian Smartphone Market saw a record decline, with shipments falling by 20% year on year. This was the market’s ?rst-ever Q1 decrease, with over 600 million users. Via: Canalys Below Is The First-Quarter Indian Smartphone Market : Convert web pages and HTML files to PDF in your applications with the Pdfcrowd HTML to PDF API Printed with Pdfcrowd.com

  2. Q p Samsung: 21% Oppo: 18% Vivo: 18% Xiaomi: 16% Realme : 9% Via: Canalys Many causes led to the fall, including: Consumer demand is weak: The Indian economy is suffering a lot of issues, including rising interest rates and excessive in?ation. As a result, consumer spending has slowed, affecting demand for cell phones. Rising prices: The cost of living in India has risen dramatically in recent months. As a result, customers are ?nding it more dif?cult to purchase cell phones, particularly at the high end of the market. Inventory correction: In the second half of 2022, there was an increase in inventory in the Indian smartphone industry. This was due to a variety of circumstances, including the introduction of new 5G smartphones and the holiday season. Due to the need for merchants to reduce their inventory in the ?rst quarter of 2023, shipments decreased. Component shortage: The worldwide semiconductor shortage has also had an in?uence on the Indian smartphone market. This has caused delays in the release of new devices and raised production costs. What’s Driving The Decline In Smartphone Shipments In India? Convert web pages and HTML files to PDF in your applications with the Pdfcrowd HTML to PDF API Printed with Pdfcrowd.com

  3. Source: Canalys Smartphone Analysis (sell-in shipments), April 2023  Despite the decline, Samsung maintained its position as the market leader in Q1 2023. The company shipped 6.3 million smartphones in the quarter, giving it a market share of 21%. OPPO and vivo were the second and third largest vendors, with market shares of 18% and 18% respectively. Xiaomi slipped to fourth place, with a market share of 16%. Xiaomi is currently ranked fourth after integrating Poco. Xiaomi’s yearly growth rate has decreased by 38%. Realme’s yearly growth rate has dropped by 52%. In The Second Half Of 2023, The Indian Smartphone Market Is Expected To Recover. This Is Due To A Variety Of Factors, Including: Economic recovery: India’s economy is expected to recover in the second half of 2023. This will lead to a rise in consumer spending, which will raise demand for smartphones. Launch of new 5G smartphones: The second half of 2023 will likely see the introduction of several new 5G smartphones in India. This will generate Convert web pages and HTML files to PDF in your applications with the Pdfcrowd HTML to PDF API Printed with Pdfcrowd.com

  4. market enthusiasm and increase demand for smartphones. Festival season: In India, the festival season usually falls in the second part of the year. During this busy shopping season, smartphone demand is projected to climb. There is a 5% growth forecast for the Indian smartphone market in 2023. The rebound of the economy, the release of new 5G devices, and the holiday season will all contribute to this rise. thumb up thumb down Search for more vert. MOBILE NEWS Indian Smartphone Market record decline Convert web pages and HTML files to PDF in your applications with the Pdfcrowd HTML to PDF API Printed with Pdfcrowd.com

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