Higher smartphone prices, weakening consumer demand and soaring memory costs push India’s smartphone shipments to the steepest June quarter decline in six years. | Business News

The memory crunch has dragged down global smartphone shipments to the lowest second-quarter levels in 13 years.

Memory and storage now account for more than 60% of production costs for some budget smartphones and over 30% for premium models

India's smartphone market faces a 10% decline in Q2 2026 as rising prices weaken consumer demand and sales plummet.