New Delhi, July 31 -- India's smartphone retailers hope that the upcoming festival season will lift the largest consumer electronics category out of a three-year slump. That may turn out to be wishful thinking.
Retailers have reported muted sales volumes so far this year, while analysts don't expect much growth in the full year, even after taking the festive bump into account. And demand for costlier devices is not enough to offset this trend.
The first six months of this calendar year saw 68 million smartphones shipped to retailers, down from 70 million in the first half of last year, according to data from three market research firms-International Data Corp, Counterpoint and Cybermedia Research-analyzed by Mint. Meanwhile, the average...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.