India’s smartphone market is poised for a slowdown as rising memory component costs disrupt pricing dynamics and consumer demand. According to CyberMedia Research, shipments are projected to decline by 10–12 percent this year, following an earlier 2 percent year-on-year contraction. The surge in DRAM and NAND flash prices has increased production costs, compelling manufacturers to raise retail prices. This, in turn, has dampened upgrade cycles in a price-sensitive market like India.