The budget smartphone segment is undergoing a major shift, with a new report indicating that affordable devices are steadily losing ground. By the year 2030, up to 40 percent of smartphones priced under Rs 20,000 may disappear from the market entirely.
This projected decline points to shifting market dynamics, as consumers increasingly look for upgraded devices and manufacturers adjust their portfolios. Rising component costs and changing consumer demand are gradually pushing the smartphone market toward higher price brackets.
If the trend continues over the coming years, buyers seeking entry-level and lower mid-range devices may find significantly fewer options available in what has traditionally been one of the most popular pricing tiers.
For full details and further insights into the market projections, check the original coverage on The Times of India.
