West Asia crisis hits smartphone supply, India shipment outlook cut again

New Delhi: Smartphone industry tracking firms such as Counterpoint Research and Omdia have revised their forecasts for India’s annual shipments for the second time amid the ongoing West Asia conflict, which is expected to depress demand further.

Counterpoint Research scaled down its forecast for 2026 to 139 million units from 142 million projected earlier this year, while Omdia revised its numbers to 142-145 million from 148 million, with analysts cautioning that the developing situation might necessitate further downward revisions in the next quarter.