April 17 : India's smartphone shipments fell 3 per cent year-on-year in the first quarter of 2026, marking their weakest quarterly performance in six years as cost pressures, price hikes and soft demand weighed on sales, Counterpoint Research said on Friday. • Over 80 smartphone models saw average price hikes of 15 per cent, with a further 15 per cent–20 per cent expected in the second quarter. • "The market is facing a clear affordability squeeze, driven by sharp memory-led cost inflation and

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