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Counterpoint: India's smartphone market shrinks by 3% in Q2, premium segment grows 112%

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...

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