Budget phones are disappearing fast, report says by 2030, 40% of sub-Rs 20,000 smartphones may be gone

A recent report indicates that budget smartphone shipments are set to plummet by about 40% by 2030. This downturn stems from increasing component prices along with manufacturers pulling back in the budget segment. In response, consumers are turning to refurbished devices or postponing their phone upgrades. The overall smartphone market, however, is anticipated to bounce back to 1.
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