India smartphone shipments dip 2% in Q2 2024 as slow demand takes toll

India’s smartphone shipments fell two per cent year-on-year in June quarter, hurt by the heatwave and slower demand, as per a report by global research firm Counterpoint that showed Xiaomi reclaimed top spot in volume share and Samsung led in value terms.

Notably, 5G smartphones captured their highest-ever share of 77 per cent in the overall shipments, according to Counterpoint’s Monthly India Smartphone Tracker.