Global market records 9% drop in smartphone shipments in second quarter of 2022. amid unfavourable economic conditions and sluggish seasonal demand in the first quarter of 2022. The smartphone shipments was accelerated during the pandemic period.
Consumers have broadly slowed down their upgrade cycles, as phones have gotten better and more robust. The phones themselves have grown more expensive in the process, adding an air of consumer caution amid economic uncertainty, including unemployment and inflation. Add to that chip shortages and supply chain bottlenecks, and you’ve got a recipe for an industry that has crashed back down to earth.
Canalys show a 9% year-over-year drop for global smartphone shipments in Q2.
