India, Nov. 6 -- The global smartphone market is in an uncontrolled slump, as global smartphone shipments have declined significantly, driven by dips in India, Greater China, West Asia and North America. Research firm Smart Analytics Global (SAG), in the latest edition of its Smartphone 360 report which HT has access to, notes that worldwide smartphone shipments declined 19.9% year on year, to 257.6 million units in Q3 2026. In India specifically, the decline was 23% for the quarter, closing at 35.9 million units, as memory shortages and rising component costs continue to have an impact.

India isn't the only market with significant shipment declines. Japan is the only regional market to avoid an YoY shipment decline for the quarter, with...