According to the Consumer Technology Sales and Forecast study conducted by the Consumer Technology Association (CTA), the revenue generated by smartphones in 2019 was valued at USD 77.5 billion. 

Due to the pandemic, CTA forecasted revenue of USD 71 billion, a 6% decrease year on year. However, CTA predicts that the smartphone industry will rebound in 2021, with shipments totaling more than USD 78 billion.

Xiaomi, which recently surpassed Samsung to take the lead in Indian smartphone shipments, claims to now have seven manufacturing facilities in the country.

Xiaomi India claims that 99 percent of the phones it sells in the country are manufactured in the country. In addition, the company has begun exporting devices to Bangladesh and Nepal, albeit in small quantities.


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The improvement in consumer outlook, sustained learning, and working from home, combined with pent-up demand beginning in 2020, is driving up smartphone sales in 2021. 

Furthermore, as the pandemic situation improved in many parts of the world and markets reopened, consumers began to spend on discretionary items. 

However, the global chip shortage may have an impact on the smartphone industry because the demand-supply equilibrium will not be met, potentially raising the average selling price of smartphones globally. 

The Android Operating System is Expected to Expand Significantly