business / news / / CNBC TV18
India smartphone shipments fall to 6-year low in Q1 amid price hikes, Counterpoint Research says.
India's smartphone shipments in Q1 2026 hit their lowest level since 2018.
KEY POINTS
- Over 80 smartphone models saw average price hikes of 15%, with more hikes expected in Q2.
- The market is experiencing affordability challenges due to memory cost inflation and currency pressures.
- Q2 2026 is projected to see a double-digit decline in smartphone shipments.
- Google's premium smartphone shipments grew 39% year-on-year, driven by AI-led features.
COMPANIES
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