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Xiaomi Leads Indian Smartphone Shipments Despite 25 Percent YoY Dip: IDC

Smartphones shipments in India plunged by over 27 percent to 29.6 million in the October-December quarter of 2022, from 40.6 million in the year-ago period, mainly due to inflationary pressures, market research firm IDC said on Friday. According to the report, dwindling consumer demand due to high inflation remained a challenge throughout the year despite the improved...

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