smartphone

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...

India’s smartphone market estimated to grow 7-8 per cent this year

India’s smartphone market is expected to grow by 7-8 per cent this year, driven by strong demand for premium, 5G, and AI smartphones, according to a new report. The overall mobile handset market in India is anticipated to maintain steady growth. “As brands focus on bridging technology gaps and introducing affordable 5G devices, competition will likely intensify. The new wave of AI-capable devices will continue to fuel consumer preferences in the coming quarters,” said Pankaj Jadli, Analy...