Affordable Smartphone

The global memory chip crisis has led to constricted smartphone supplies and higher prices that have forced many buyers to either delay purchases or consider refurbished devices.

Though India is one of the world’s top destinations for smartphone assembly after China, and alongside Vietnam, Thailand and Malaysia, the country’s own brands could never make it over the past decade. Is a major homegrown phone feasible in the country?

Revenue: Down $500 million. Shipments: Down 12%. India’s smartphone market logged its weakest calendar-year start in five years, as buyers delayed upgrades amid rising living costs and global uncertainty.

Smartphone prices in India have leapt up as input costs rise. Given how vital these handsets are, they deserve tax relief just to help keep them within the reach of our multitudes. This is no ordinary product category.

A prolonged slump in this critical market could lead to multiple issues.

With in-store experiences, finance offers and exchanges, Samsung, Xiaomi drive pre-festive smartphone sales push after a recovery in the March quarterThis may give fewer reasons to wait for festive sales in order to buy a phone.