Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Samsung gains ground in India as memory costs squeeze budget smartphones

CNBC ·
Samsung gains ground in India as memory costs squeeze budget smartphones
  • India smartphone shipments fell 7.9% year on year in H1 2026 to 64.2 million units, while market value grew 3.6% and average selling price reached a record $315.
  • Chinese brands concentrated in the sub-$150 segment raised prices by up to 40% as memory costs climbed; comparable new models are priced at $200 to $250, according to Counterpoint Research.
  • Samsung's Q2 India market share increased by nearly 200 basis points, while Apple gained 100 basis points; Samsung and Apple shipments rose 0.4% and 0.7%, respectively.

Quotes

“the global memory chip shortage had pushed prices up and "hit entry-level demand hardest, the segment Chinese brands rely on most.”— Upasana Joshi
“Samsung and Apple were the only major names "to hold steady and gain share.”— Upasana Joshi

Sources