Despite Overall Decline, 5G Smartphones Witness 45% YoY Surge in India

  • India marked a 6% YoY decline in smartphone shipments in Q2 2023, but a 45% rise in 5G smartphone shipments.
  • Samsung and OnePlus dominate the 5G market, while Apple witnesses a remarkable 62% YoY increase in shipments.
  • Despite the recent slump, the market is projected to recover, driven by the festive season, improved consumer spending, and the rise of 5G and foldable phones.
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