India mobile phone shipments declined 15% YoY in Q3 2022: Counterpoint

According to the most recent Counterpoint Market Monitor data, smartphone shipments in India fell 11% year-on-year to over 45 million units in Q3 2022 (July–September). The YoY fall, the first for a third quarter, can be attributed to a high base last year due to pent-up demand in Q3 2021 as well as reduced consumer demand in the entry-tier and budget segments in Q3 2022. Continue reading “India mobile phone shipments declined 15% YoY in Q3 2022: Counterpoint”