India’s smartphone market shrank 4.1% in Q1 2026 amid weak consumer demand and RAM shortage, says IDC

IDC released data from its Worldwide Quarterly Mobile Phone Tracker, which suggests that India recorded 31 million smartphone shipments in the first quarter, a sharp decline of 4.1% compared to the same period last year. The reason behind the decline in shipments is said to be consumer gloominess due to the post-festive slowdown, as well as rising prices…