At 36.1 mn, India’s smartphone market records 1% dip in shipments in Q1FY24

The Indian smartphone market stabilised at 36.1 million units in the quarter ended June 2023, posting a modest decline of one per cent year-on-year (YoY), Canalys said in a report on Wednesday.

According to the research firm, this indicates signs of recovery following three consecutive quarters of shipment declines.

Smartphone shipments increased 18 per cent sequentially as inventory levels improved due to a moderately favourable business environment, the report said.

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