Smartphone shipments plunge to a low not seen since 2013 — their largest ever decline
Publishing timestamp: 2023-01-26 04:16:25
Summary
Global smartphone shipments declined significantly in the fourth quarter of 2022 due to macroeconomic weakness and soft consumer demand. Apple maintained its position as the number one smartphone maker, but saw a 14.9% year-on-year decline in shipments. Samsung, the second-largest smartphone player, saw a 15.6% year-on-year decline in shipments. Chinese electronics maker Xiaomi saw the biggest decline among the top five smartphone players, with a 26.3% year-on-year decline. The decline in shipments is expected to continue into 2023.
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Keywords: economy, apple inc, smartphones, asia economy, u.s. economy, business news, samsung electronics co ltd, mobile phones, xiaomi corp, consumer electronics, world economy, iphone,