• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

India’s Smartphone Shipments Fall 6% In 2022, Moderate Growth In 2023

OMMCOM NEWS by OMMCOM NEWS
January 22, 2023
in Business

New Delhi: India’s smartphone shipments fell to 151.6 million units in 2022, declining by 6 per cent compared with 2021, a report has shown.

According to a Canalys report, Xiaomi was still the number one vendor for the full year.

Samsung took the number one spot in the fourth quarter (Q4) for the first time since Q3 2017, shipping 6.7 million units for a market share of 21 per cent.

The second place went to vivo, which shipped 6.4 million units, mainly via offline channels.

“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, an 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 technology that they had bought during the pandemic, thereby delaying further purchases. This led to smartphone brands struggling with inventory management because demand was subdued,” Chaurasia added.

The Indian economy started to feel the impact of the global economic slowdown toward the end of 2022.

“We are entering 2023 with economic indicators suggesting a sluggish performance in the short term,” said Chaurasia.

But, in 2024, India is set to hold its general election and the government’s strategy will be to boost consumers’ purchasing power, even if inflation remains high.

“We expect moderate growth in the Indian smartphone market in 2023 fuelled by a replacement cycle driven by 5G devices, state government deals, smartphone penetration and the introduction of new use cases,” said Canalys.

 (IANS)

ShareTweetSendSharePinShareSend
Previous Post

Delhi Police Arrest Man For Impersonating UAE Govt Official, Cheating Leela Palace Hotel Of Rs 23L

Next Post

For Odia Actor Babushaan, ‘Daman’ In Hindi Is ‘Like A Dream Coming True’

Related Posts

Narendra modi
Business

Foxconn Bets Big On India As Global Tech Giants Diversify Supply Chains

June 26, 2025
SEBI
Business

SEBI Imposes Rs 25 Lakh Penalty On BSE For Breach Of Norms

June 25, 2025
Foreign Direct Investment Confidence Index
Business

India’s FDI Inflows Surge To $8.8 Billion In April

June 25, 2025
Reserve Bank of India
Business

Microfinance Sector Needs To Introspect, Avoid Harsh Coercive Recovery Practices: Rajeshwar Rao

June 25, 2025
Business

India’s Economy Remains Resilient Amid Spike In Global Uncertainties: RBI

June 25, 2025
Business

Number Of India’s Dollar Millionaires To Surge 55 Pc By 2029: Report

June 25, 2025
Next Post

For Odia Actor Babushaan, 'Daman' In Hindi Is 'Like A Dream Coming True'

NIA Team In Jammu To Probe Three Blasts

Renowned Odia Orthopedic Serving Senior Citizens Through Jivan Jagruti Welfare Trust

khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.