New Delhi: After record breaking sales of smartphones till Diwali, smartphone demand<\/a> has slumped 20-25% on-month in November so far, retailers and market watchers say. The pan-India offline retail association said they have had a Black Diwali this year anyway with sales falling over 50% on year.
Market Intelligence firm Counterpoint<\/a> is estimating a 20-25% drop in November and further decline in December. Month-on-month sales is usually down straight after Diwali, but the downside this year could be sharper given that peak demand in the lead up to the festival was the highest ever, analysts say.
“September usually records the highest shipments as brands begin stocking up for festive sales. But after Diwali sales there is an immediate drop which is close to 20-25%,” said Tarun Pathak, research director at Counterpoint.
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