India’s smartphone market declined by 16% year on year in the first quarter, reaching 31 million smartphones, according to the International Data Corporation’s (IDC) Worldwide Quarterly Mobile Phone Tracker preliminary data. This marks the lowest first-quarter shipments in four years. Consumer demand remained sluggish amid uncertain macroeconomic conditions, and inventory levels were elevated because of high stocking in 2H22.

Read more: India’s Smartphone Market Fell 16% in Q1

The Institute of Risk Management India (IRM) India Affiliate has formed a knowledge relationship with Reliance Jio by signing a memorandum of understanding to create resilience and promote the need for and importance of Enterprise Risk Management (ERM) in the telecom industry.

Read more: Reliance Jio and IRM Collaborate to Improve ERM in Telecom

In the first quarter of this year, China shipped 65.4 million smartphones, down 11.8% year-on-year (YoY), as published in the IDC Worldwide Quarterly Mobile Phone Tracker. The market continued its double-digit decline since the first quarter of 2022, even though the zero-COVID policy ended in December.

Read more: China Smartphone Shipments Decline in Q1

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