GST Dents June Shipments of Smartphones Analysts: According to analysts, due to the arrival of goods and services tax, especially in the month of June, smartphone shipments have suffered losses. Where Canalys, a market research firm based in Singapore, said that this has happened for the first time in the April-June quarter of this year, with a fall of 4 percent, 27 million units have declined. According to Counterpoint Research, June sales have declined 9 percent compared to last year.
However, Counterpoint has estimated that in April-June it is expected to grow by 4% to 30 million units. According to the Canalys analyst Rushabh Doshi- "The market has been interrupted due to fear of GST impact on prices in distributors and retailers. That's because they stopped the purchase of goods to stop the impact of GST. The time is taken to understand the GST process reduced the sales of the devices. "
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There is a confusion about GST in the entire market. With this, there is a lack of awareness in the public or in the market for the changes that are expected. According to Tarun Pathak, Associate Director of Counterpoint- "There has been a huge impact on sales during the GST rollout at the end of the second quarter of 2017. There was little hesitation in bringing a new stock in retailers in June when the original equipment manufacturer (OEM) were assured about inventory withdrawal.
GST Dents June Shipments of Smartphones Analysts
However, Counterpoint has estimated that in April-June it is expected to grow by 4% to 30 million units. According to the Canalys analyst Rushabh Doshi- "The market has been interrupted due to fear of GST impact on prices in distributors and retailers. That's because they stopped the purchase of goods to stop the impact of GST. The time is taken to understand the GST process reduced the sales of the devices. "
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There is a confusion about GST in the entire market. With this, there is a lack of awareness in the public or in the market for the changes that are expected. According to Tarun Pathak, Associate Director of Counterpoint- "There has been a huge impact on sales during the GST rollout at the end of the second quarter of 2017. There was little hesitation in bringing a new stock in retailers in June when the original equipment manufacturer (OEM) were assured about inventory withdrawal.
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