India's Smartphone Market Faces Worst June Quarter in Six Years

India's smartphone market had its worst June quarter in six years.

Smartphone shipments dropped by 10% compared to the same period last year.

This happened because the prices of smartphones went up by about 15% due to higher costs of parts like memory.

People are also spending less money on non-essential items because of inflation.

The cheapest smartphones, costing less than ₹15,000, were hit the hardest, with sales dropping by 45%.

Chinese brands, which sell many of these cheaper phones, saw their market share shrink.

However, very expensive smartphones costing more than ₹45,000 did well because people could pay for them in installments.

Vivo was the top brand, followed by Samsung, OPPO, Xiaomi, and realme.

Apple's sales fell by 3%, but a new brand called Nothing grew very fast, with sales increasing by 105%.

Experts think the market will stay weak for the rest of the year because part prices are still high.