Indian smartphone market grows 7.2%, reaching 69 million in H1 2024

The Indian smartphone market shipped 69 million smartphones in the first half of 2024, with 7.2 per cent growth year-on-year (Y-o-Y). In the second quarter of CY24, the market shipped 35 million smartphones, with growth of 3.2 per cent Y-o-Y, according to the International Data Corporation’s (IDC) Worldwide Quarterly Mobile Phone Tracker.

Although it is the fourth consecutive quarter of Y-o-Y shipment growth, muted consumer demand and rising average selling prices (ASPs) continue to restrict swift annual recovery.