Shipment term

Smartphone shipments in India drop 10% in Q3 – The New Indian Express

By Express press service

NEW DELHI: India’s smartphone market was down 10% year-on-year (YoY) and shipments stood at 43 million units in Q32022 (calendar year), according to Worldwide Quarterly Mobile Tracker d International Data Corporation (IDC).

According to IDC, this is the lowest third-quarter shipment since 2019 despite the early start of the Diwali festivities. The decline in sales during the quarter was due to weaker demand and higher prices. Overall, ASP (Average Selling Price) reached a record high of $226, growing 15% YoY and 6% QoQ.

“ASP has seen consistent growth for the past eight consecutive quarters due to rising costs and growth in mid-priced 5G shipments,” said Upasana Joshi, research manager, customer devices. , IDC India.

The research noted that 5G reached 36% of the total number of smartphones in the third quarter of the current calendar year with 16 million units. India shipped 67 million 5G smartphones from January 2020 to September 30, 2022. ASP for 5G smartphones fell to $393 in 3Q2022 from $509 in Q1 2020.

In terms of price segment, phones priced below $300 underperformed as shipments fell 15% year-over-year. The premium segment above $500 remained the highest growing price bracket with 64% year-over-year growth and an 8% share.

NEW DELHI: India’s smartphone market was down 10% year-on-year (YoY) and shipments stood at 43 million units in Q32022 (calendar year), according to Worldwide Quarterly Mobile Tracker d International Data Corporation (IDC). According to IDC, this is the lowest third-quarter shipment since 2019 despite the early start of the Diwali festivities. The decline in sales during the quarter was due to weaker demand and higher prices. Overall, ASP (Average Selling Price) reached a record high of $226, growing 15% YoY and 6% QoQ. “ASP has seen consistent growth for the past eight consecutive quarters due to rising costs and growth in mid-priced 5G shipments,” said Upasana Joshi, research manager, customer devices. , IDC India. The research noted that 5G reached 36% of the total number of smartphones in the third quarter of the current calendar year with 16 million units. India shipped 67 million 5G smartphones from January 2020 to September 30, 2022. ASP for 5G smartphones fell to $393 in 3Q2022 from $509 in Q1 2020. In terms of price segment, phones with under $300 underperformed as shipments fell 15% year-on-year. The premium segment above $500 remained the highest growing price bracket with 64% year-over-year growth and an 8% share.