Indian smartphone market value surges 12% in Q3 CY2024: Counterpoint

India’s smartphone market grew by three per cent year-on-year (YoY) in volume in the third quarter (Q3) of calendar year 2024, while its value surged by 12 per cent YoY to reach an all-time record for a single quarter, according to a report by research firm Counterpoint.

The value growth was driven by an ongoing premiumisation trend, while the increase in volume was driven by an earlier onset of the festival season compared to the previous year.