![]() ![]() "While supply improved as capacity and production was ramped up, roaring inflation and economic uncertainty has seriously dampened consumer spending and increased inventory across all regions. "What started out as a supply-constrained industry earlier this year has turned into a demand-constrained market," said Nabila Popal research director with IDC's Worldwide Tracker team. ![]() This marks the fourth consecutive quarter of decline for the smartphone market as shipments fell to 286.0 million units in the quarter, about 3.5% lower than forecast. NEEDHAM, Mass., Aug– Worldwide smartphone shipments declined 8.7% year over year in the second quarter of 2022 (2Q22), according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. Smartphone Shipments Decline for the Fourth Consecutive Quarter with 8.7% Drop in 2Q22 Shipments Amidst Global Uncertainty and Softening Demand, According to IDC ![]()
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