Amid slow phone shipments, Xiaomi leads in India

International Data Corporation (IDC) on Monday released the preliminary report on smartphone shipments’ details for the quarter ending in June 2022.

India saw a tepid growth of three percent year-to-year growth in the April-June 2022 quarter compared to the previous year’s same period. Companies shipped more than 35 million handsets and in total, they managed to clear the inventory of 71 million units in the first half of 2022, one per cent decline compared to H1 2021.

“The primary challenge in 2021 was around supply constraints, which have eased considerably. However, the market is now facing demand contraction in 2022 due to rising inflation and higher input costs, leading to higher market prices.