Smartphone projections flattened even after second wave wanes

New Delhi: The second Covid wave has upended all business projections of India’s smartphone sector.

Smartphone market tracking firms have sharply cut their shipment growth estimates for 2021 to either flat or just 1% growth year on year from an average 16% expansion forecast earlier.

The raging pandemic is hurting consumer demand and forcing bricks-and-mortar stores, including organised retail outlets, to either shut shops or curtail operations.