NEW DELHI : The Indian smartphone market grew by a healthy 18% year-on-year (y-o-y) in the first quarter of 2021, but the market is headed for a slowdown this year.
According to the International Data Corporation (IDC), the second quarter of the year will “face growth challenges" under the second wave of covid-19 infections in the country.
The smartphone market has also been struggling to meet demand due to a global shortage of chips and other supply issues.“However, the high shipments from the first quarter should be able to suffice for the immediate demand.
But IDC estimates the impact to be less pronounced compared with last year, with factories being operational today and only limited restrictions on logistics/transportation and.