India's Mobile Market Hits a Ten Year Low

A tough economic report from a trusted research came out today showing that smartphone deliveries across India dropped by a massive 20% compared to last year, hitting their lowest point in a decade. The sudden drop happened because parts became way more expensive, especially computer memory chips, which forced phone makers to jack up their retail prices and scared away regular buyers. This market freeze is that it forces phone brands to stop rushing out lazy, repetitive new models every few months and actually focus on building high quality hardware that lasts. However, that will slow down the digital growth in developing areas, since millions of low-income families are now completely priced out of buying a modern, internet ready phone. The Indian smartphone market will have a massive ladder to climb in the next year in order to raise their stock, forcing companies to shake off old habits and seek out entirely new opportunities to win back everyday consumers, and put that huge drop behind them.