India’s smartphone market grew by a nominal 1% in 2023, shows IDC data

India’s domestic smartphone market grew by a nominal 1 per cent in calendar year 2023, due to consumer demand remaining stressed, according to the latest report of IDC released on Tuesday. The only good news is that the market grew by 11 per cent year-on-year in H2CY23, compensating for the sharp 10 per cent decline in the first half. The country also shipped 146 million smartphones in 2023.

In Q4CY23 the market grew by 26% Y-o-Y with shipments of 37 million units, as the second half of the quarter saw stronger than expected shipments with several new model launches.