Worldwide smartphone shipments fell 19.9% year on year to 257.6 million units in Q3 2026, while India shipments dropped 23% to 35.9 million units.
Memory shortages and rising component costs drove down volumes across major vendors, with Samsung and Nothing being the exceptions in India with 8% and 30% shipment growth respectively.
Research firm SAG forecasts further declines, predicting a 26% shipment drop in India for the fourth quarter.