New Delhi, July 22 -- India's smartphone market had its biggest decline in the June quarter in six years, as per a new report by Counterpoint Research. The report notes that smartphone shipments decline 10% year-on-year (YoY) during the April-June quarter of 2026.

The market research firm attributed the slowdown to rising smartphone prices driven by record-high memory costs, alongside inflationary pressures and weak discretionary spending, which have reduced consumer demand and extended replacement cycles.

According to Counterpoint, smartphone makers raised prices multiple times during the quarter as memory and other component costs continued to rise. This resulted in an average smartphone price increase of around 15% by the end of the ...