The Economic Times

Mobiles may ring less louder this year: Shipments expected to contract by 4% on-year due to rising prices of parts and forex shocks

India's smartphone shipments are projected to decline 4% in 2026 to 145-147 million units, a worsening trend from last year's stagnation. Supply chain issues, higher component costs, and foreign exchange headwinds are driving up handset prices, impacting consumer demand. This situation will particularly challenge smaller brands, while larger manufacturers with greater purchasing power are better positioned to navigate the market.