KOLKATA: The booming Indian smartphone market seems to be losing steam as sales growth tapered down in the April-June quarter despite the launch of several new models and buyback and EMI schemes. Leading retail chains The Mobile Store, UniverCell and Planet M Retail - which sell mostly smartphones through more than 1,400 outlets across the country - say sales growth slowed to 8-9% in the latest quarter, more than 20% less than the preceding January-March period. They attribute the slowdown to a number of reasons including the free falling rupee making imported gadgets more expensive, slowing down of upgradation in the top-end segment and consumer fatigue caused by too many...
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