A new analysis from Counterpoint reveals the free fall of the Indian smartphone market might be coming to an end. Overall shipments dropped just 3% compared to Q1, which is less than analysts expected.
Counterpoint researchers believe that the improving market conditions and declining inflation had a good impact on sales. In fact, the premium smartphone segment saw a whipping 112% growth year-over-year. That seems to be in line with previous analysis claiming that the maturing Indian market is slowly shifting towards more expensive smartphones. That’s part of the reason why Xiaomi is falling behind in the race.
