The second quarter of 2022 marked the end of the post-pandemic boom for multiple economic sectors. mobile phone market tracker to International Data Corporation (IDC) According to global smartphones, there has been a decline in shipment figures for the last quarter.
According to IDC, the second quarter of 2022 will result in 8.7 percent annualized smartphone shipments worldwide. saw him fall. This was the fourth quarter in a row that showed the market downturns. So, will smartphone prices drop at this rate?
Smartphone market remains stagnant
research director of IDC’s worldwide follow-up team Nabila Popalthinks the decline is due to inflation and economic concerns. The main problem of the industry during the pandemic was the inability to meet the increasing demand among the supply chain. The situation now appears to be reversed as supply chains stabilize and demand declines. But Popal thinks that demand won’t go away, it can only be delayed.
The most significant declines occurred in Asia. The biggest drop was in China, where shipments fell 14.3 percent compared to the second quarter of 2021. In addition, Asia/Pacific (excluding Japan and China), which represents half of all shipments worldwide, dropped 2.2 percent.
Not surprisingly, the largest percentage decline was in Central and Eastern Europe. The reason for this is the war in Ukraine in the region, which has fallen by 36.5 percent annually. All other regions, with the exception of Canada, experienced decreases of less than 10 percent. Tablet and Chromebook shipments are among those known to have dropped in the second quarter of 2022.. Chromebooks fell just over 50 percent year-over-year, while tablet shipments stagnated.
About $2 billion in video games in the US in the second quarter of 2022 compared to the same quarter last year spend less (13% decrease). The primary cause of the decline was the mobile industry, but everything but non-mobile subscriptions also fell.
Big hardware companies are also feeling the impact. Intel, Half a billion dollars in the second quarter of this year after a 22 percent year-over-year decline in revenue announced his loss. The company cites declining demand for PCs and components as the reason.
Turning to smartphones, iPhone sales revenue increased 2.77 percent in the last quarter compared to the previous year despite industry-wide challenges.. Apple’s sales division also grew by 12.11 percent compared to the previous quarter. The company aims to continue this rise with the release of the iPhone 14.