Counterpoint forecasts a 3% decline in the number of smartphones being shipped in 2022 to 1.36 billion units.
The bean counters at analytical firm Counterpoint Research have looked at the numbers, examined the trends, and have come to the conclusion that the total number of smartphone units shipped globally in 2022 will reach 1.36 billion units this year. That would represent a 3% decline from the number of smartphones that were delivered last year.
The main reasons for the decline in smartphone shipments forecast this year include the weaker global economy led by a recession helped along by the return of COVID in China, and the uncertainty surrounding the Russian-Ukraine battle. If there's one thing that global markets hate it is uncertainty and at this point, no one can come up with any kind of prediction that includes a likely scenario on how the war is going to end.
We also can't forget the global chip shortage which is making it difficult for some manufacturers to obtain the quantity of some chipsets that are badly needed to build some popular smartphone models. Ironically, older chips are the ones that phone makers are finding it hard to find.
Perhaps a wee bit optimistic for the second half of the year is Counterpoint Network's Senior analyst Liz Lee. She says"However, the outlook for a smartphone market recovery in the second half still stands. At the end of May, the Chinese government convened a meeting for large-scale economic stability countermeasures. The government is expected to implement more aggressive policies to stimulate the economy in the second half.
Liz is calling for a second-half rebound in China and good demand for foldables to jumpstart the global smartphone market in the second half of the year.Get the most important news, reviews and deals in mobile tech delivered straight to your inbox
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