India's smartphone shipments hit decade low in Q3 2026

• India's smartphone shipments fell 20% year-on-year in Q3 2026 to 35.8 million units.
• Shipments of smartphones priced below Rs 20,000 plunged 47% during the same period.
• Record-high memory prices increased device costs, impacting consumer demand.
• Market research firm Counterpoint Research reported the decline.
• The festive season did not boost smartphone demand as expected.