December 30, 2024 3:41 PM

India’s smartphone market reaches record high in Q3 2024, driven by 5G models

India’s smartphone market hit a new milestone in Q3 2024, registering a 3% year-on-year growth in volume and a remarkable 12% increase in value, according to Counterpoint’s monthly India Smartphone Tracker. 5G smartphones dominated the market, accounting for a staggering 81% of total shipments. The budget-friendly segment, specifically in the Rs 10,001-15,000 price range, saw a 93% penetration of 5G models, reflecting the strong consumer preference for affordable 5G devices. The market sha...