Ahead of festive season, Indian smartphone market showing recovery: Report

The Indian smartphone market is beginning to show signs of recovery as the inventory situation improves ahead of the festive season, along with declining inflation and increased demand for 5G handsets due to affordable launches, reported The Economic Times (ET).

Market trackers Counterpoint Research, IDC India, and CMR India estimated smartphone shipments in the second quarter ended June at 34-36 million units.

Meanwhile, preliminary data from Counterpoint show a reduction of about six per cent year-on-year (YoY), which is better than the 19 per cent decline reported in the first quarter.