“Early indicators point to both tapered shipments and demand. The demand side is getting impacted due to inflationary pressure on consumer incomes and spending,” said Navkender Singh, research director at IDC India. “Also, there are signs of the replacement cycle going up, meaning consumers are keeping their current device a little longer (compared with 2019/20) and delaying the purchase.”
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Friday, April 29, 2022
Smartphone outlook grim amid inflation, high device prices
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