According to research firm International Data Corporation, global smartphone shipments experienced their biggest downturn on record at the end of 2022, falling nearly 20% in the fourth quarter, according to data from research firm International Data Corporation, which on Monday released its latest quarterly report tracking mobile phone sales worldwide.

IDC data showed smartphone shipments fell 18.3% year-on-year in the most recent quarter, the biggest drop in a single quarter. This decline was partly due to an 11.3% annualized decline overall in 2022, with just 1.21 billion units shipped, the lowest total annual shipments since 2013. “.

The report attributed the decline to a convergence of economic factors such as declining consumer demand, inflation, a looming recession and global supply chain issues that are putting downward pressure. about their expectations for 2023.

“For the first time, shipments in the holiday quarter were down from the previous quarter,” Nabila Popal, director of research at IDC, said in the report. “However, weak demand and high inventories have forced sellers to significantly reduce shipments. Strong sales and promotions during the quarter helped deplete existing inventory rather than spur shipment growth.”

An IDC report seen by Al Arabiya.net indicates that even “seemingly unresponsive” tech giant Apple has been hit by economic uncertainty that has also hit the smartphone market as unexpected factory closures in China delayed production. deliveries of Apple products before 2022.

There may be a silver lining for consumers, however, as an IDC report reviewed by Al Arabiya.net indicates that people may find “more generous offers and promotions that will continue into 2023 as the market thinks differently.” to promote promotions and increase sales.

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Clayton Turner is a news reporter and copy editor for 24PalNews. Born and raised in Virginia, Clayton graduated from Virginia Tech’s Frank Batten School of Leadership and Public Policy and majored in journalism.

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