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Demonetization Triggers Drop in Smart Phone Sales

Demonetization Triggers Drop in Smart Phone Sales

Wednesday, January 25, 2017, 6:36 PM

Indian vendors have been badly hit due to demonetization. Because of demonetization and the cash crunch, smart phone sales have fallen by a whopping 30.5%. Indian vendors suffered more due to demonetization when compared to Chinese players. The slowdown was seen across all cities. There has been a huge drop in enquiries and footfalls at retail stores.
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