India’s smartphone shipments to decline by 6% in 2022, moderate growth in 2023
The second spot went to Vivo, which shipped 6.4 million units mainly through offline channels.
Sanyam Chaurasia, an analyst at Canalys, said, “India was better positioned to weather the global slowdown than other markets. But domestic consumer spending cooled off in the last few months of 2022.”
The domestic market also faced a decline in transactions, retail spending and electronic imports during the festive season.
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