info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)

Decline of Smartphones Sales in 2023

By Aarti Dhapte , 07 February, 2023

Smartphones are the most important thing people need every time for the smooth working of their daily lives. It is nearly impossible to imagine a day without smartphones.

Recent reports have proved that shipments of smartphones have dropped nearly 20 percent over the year. It happened due to inflation which softened consumer demand and economic uncertainties. According to the reports by IDC, "It is the largest-ever decline in a single quarter." These factors contributed to the lowest annual shipment of smartphones for the year 2022 since 2013.

According to surveys, in the fourth quarter of 2022, Worldwide smartphone shipments fall to 18.3 percent year over year to 300.3 million units. This drop depicted the largest-ever decline in a quarter and contributed to an 11.3 percent fall for the year. With the heavy downward risk to forecast, 2023 expects a 2.8 percent recovery 2023. As a result, 2023 will become a year of caution as vendors will think twice about their portfolio of devices.

Another survey showed that the smartphone market has saturated in many countries, and there are few reasons to upgrade to the latest smartphones every two years. If we rank down the top smartphone vendors- Apple maintains the first spot, with Samsung in second place. Apple recently saw a 15 percent drop in its earnings; Samsung also hinted at a plunge in profits after the demand for electronic devices began to dry in the recent quarter, as per the reports.

Global Foldable Shipments Forecast

2023.jpg

Latest News

Revolution.png
Eco Driven Scale Startups Riding the Bio-Resin Revolution

In 2025, the bio-based resin sector is experiencing significant growth, driven by stringent environmental regulations and a resurgence of investor confidence. The global market is set to experience rapid market growth between 2025 and 2030, driven by…

Read More

2025.png
Fueling Change Hydrogen Projects Receive Unprecedented Support in 2025

In 2025, the momentum for hydrogen projects on a global level is radically increasing, incorporating hydrogen as a key component alongside other global energy transitions. The introduction of agile capital, regulation, and infrastructure during 2025…

Read More

2025.png
How Cobots are Replacing Conveyor Belts in SMEs Market 2025

In 2025, The “Cobots” Adoption in SMEs Market will Begin Transitioning as Small and Medium Sized Enterprises (SMEs) in Europe, Asia, and North America are cross-adopting collaborative robots (cobots) to enhance intralogistics and material handling…

Read More

IIoT-Startups-Secure-Record-Funding-in-Q2.jpg
IIoT Startups Secure Record Funding in Q2

The unprecedented funding of Industrial Internet of Things (IIoT) startups in Q2 marks a new record, indicating strong investors' confidence against the backdrop of an ongoing digital transformation. IIoT startups seem to be enjoying the animated…

Read More

How-Tesla-and-BMW-Slashed-Downtime-Using-Predictive-Maintenance.jpg
How Tesla and BMW Slashed Downtime Using Predictive Maintenance in 2025

By 2025, Tesla and BMW have adopted predictive maintenance as a way to optimize operations within the automotive industry. Both companies have established AI maintenance systems to address equipment failures which has greatly improved unplanned…

Read More

Author Pic
Aarti Dhapte

Team Lead - Research