Smartphone Sales Plummet: Iran-Israel Tensions Hit Retail Footfall, Prices Soar
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Moneycontrol•13-03-2026, 15:19
Smartphone Sales Plummet: Iran-Israel Tensions Hit Retail Footfall, Prices Soar
•Smartphone demand weakens significantly across India due to escalating Iran-Israel conflict, impacting retail footfall and sales.
•Consumers prioritize essential household items like induction stoves over discretionary smartphone purchases amid global uncertainty and rising costs.
•Q1 smartphone shipments estimated to drop sharply to 27-28 million units from 32 million last year; annual shipments projected to decline 13-15% in 2026.
•Rising memory component costs, weakening currency, and increased air freight expenses are pushing smartphone prices up by 15-20%.
•Retailers report a 28% decline in footfall, delayed purchase decisions, and anticipate a challenging April-June period.
