January 2023

Smartphone shipments just saw the biggest decline ever during the holiday season

In this worsening global economic climate, it is no surprise that demand for smartphones was low during this holiday season. According to market research firm IDC, global smartphone shipments plunged in the fourth quarter of 2022, with companies shipping 300.3 million smartphones, an 18.3% year-over-year decline, marking the single largest decline ever in a quarter.

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