5G Smartphone Shipments Up 30% in Q3 Report
NEW DELHI, Nov 9 (IANS) - 5G smartphone shipments in India rose 30% (year-on-year) in the third quarter of 2022, while smartphone shipments fell 12% year-on-year and quarterly In a second quarter , the Registered shipments of smartphones grew 16 percent, according to a report published on Wednesday.
According to CMR, in the third quarter of 2022, the overall mobile market saw a sixteen percent decline (year over year).
“5G smartphone shipments continued to gain momentum during the quarter due to ongoing 5G auctions. Driven by holiday sales, consumer appetite for 5G cash value and premium smartphones has seen solid progress,” said Menka Kumari, Analyst, Industry Intelligence Group, CyberMedia Research (CMR).
Consumer demand has been strong in the budget smartphone segment (Rs 7,000-25,000) with 79 per cent of smartphones in this price segment shipping in the third quarter of 2022, according to the report.
However, in the premium smartphone section (Rs 25,000-50,000) and the super premium smartphone phase (Rs 50,000-1,00,000), shipments increased by 9 percent and 39 percent respectively (YoY).
The overall phase of basic phones continued to fall, reflecting the current macroeconomic environment and weak customer confidence, according to the report.
The 2G and 4G feature phone segments decreased 21 percent and 58 percent, respectively (year over year).
--IANS
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