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Slowdown hits sales of cars, biscuits in 2019, but not smartphones

Interestingly, there has been a significant rise in the average selling prices (ASP) of smartphones this year – rising from Rs 5,000-10,000 to Rs 10,000-15,000 now.
As per International Data Corporation (IDC), while more than 80 per cent of the market is sub-$200, the $300-500 category has witnessed multi-fold growth with flagship devices of players like Xiaomi, Oppo and OnePlus.

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