
Year 2023 projected to be worst year for global smartphone shipments
The year 2023 shipments are forecast to decline 6% to 1.15 billion units, which is the lowest in a decade, says Counterpoint research
The year 2023 shipments are forecast to decline 6% to 1.15 billion units, which is the lowest in a decade, says Counterpoint research
Mobile phone shipments crossed the two-billion cumulative units mark under the 'Make in India' initiative during 2014-2022
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Samsung remained in the top spot during January-March 2023 with a 21% market share, shipping 6.3 million smartphones.
According to Counterpoint Research, the contribution of exports in 'Made in India' smartphone shipments reached 20% and 30% in terms of volume and value in 2022, respectively.
Finance Minister Nirmala Sitharaman provided customs duty relief on import of certain parts and inputs like camera lens.
As per the report, the Indian smartphone market recorded more than 13x growth in its shipment since 2020.
Apple led the premium segment, followed by Samsung and OnePlus, says Counterpoint Research.
The upgrade brings refinements and features that make a device more usable