India's smartphone shipments drop 6% to 151.6 mn units in 2022: Report

The major drop in shipments were recorded in the fourth-quarter (CYQ4, 2022), falling by 27 per cent to 32.4 million units

India’s smartphone shipments fell to 151.6 million units in 2022, declining by 6 per cent compared with 2021, according to market research firm Canalys. The major drop in shipments was recorded in the fourth-quarter (CYQ4, 2022), falling by 27 per cent to 32.4 million units.

“India was better positioned to weather the global downturn than other markets. But domestic consumer spending cooled in the last few months of 2022,” said Sanyam Chaurasia, Analyst at Canalys. “Even during the festive season, the domestic market suffered a fall in transactions, retail spending and electronic imports. In 2022, consumers already had up-to-date