Key Points
Indias smartphone market is expected to remain subdued in the current year..
According to the industry, challenging economic conditions, increasing lifecycle of smartphones and stable 5G handset prices are the major reasons that would impact the sales...
We expect the market to remain flat in the current year considering the trend in the past five months..
The main reason behind the flat growth is people holding their purchase and stable 5G handset prices compared to the past two years, said Sree Hari, product manager, realme India...
The increasing lifecycle of smartphones was an expected factor in the market, as users are holding on to their devices for longer than usual..
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