Pinned

A grim last quarter for smartphone shipments

Q4 2022 shipments experienced the sharpest decline year-over-year as per a new IDC report — Yesterday, IDC published a new smartphone shipment report with truly dismal figures. Here are some key points: In the fourth quarter of 2022, global smartphone shipments fell 18.3% year-over-year to 300.3 million devices. The decrease is the greatest in a single quarter and contributes to a sharp 11.3% reduction for the year.

Smartphones

1 min read

Smartphones

1 min read

A grim last quarter for smartphone shipments

Q4 2022 shipments experienced the sharpest decline year-over-year as per a new IDC report

Image of broken smartphone — Image by StockSnap from Pixabay

Yesterday, IDC published a new smartphone shipment report with truly dismal figures.

Here are some key points:

In the fourth quarter of 2022, global smartphone shipments fell 18.3% year-over-year to 300.3 million devices.
The decrease is the greatest in a single quarter and contributes to a sharp 11.3% reduction for the year.
The year 2022 finished with 1.21 billion units shipped, the lowest yearly shipment number since 2013.

Due to the reduced consumer demand, stubborn inflation and a possible (severe) global recession, the 2.8% 2023 rebound predicted by IDC is in serious jeopardy.

This story was first published on The PhilaVerse (my Substack newsletter).

4 days ago

Amazon and Stripe deepen their partnership

The new agreement builds on a partnership that started in 2017 On January 23, Amazon and fintech company Stripe announced they are expanding their partnership. The ecommerce giant began utilizing Stripe in 2017 to facilitate millions of Prime Day, Black Friday, and Cyber Monday purchases globally. Here are some key…

Fintech

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Amazon and Stripe deepen their partnership

Fintech

1 min read

6 days ago

Way fewer people are creating new podcasts these days

According to a Listen Notes report, new podcast creation dropped by 80% from 2020 to 2022 — As per a report from podcast search engine Listen Notes, the number of newly created podcasts had decreased by 80% from 2020 to 2022 worldwide. Here are some key points: 219,178 new podcasts were created in 2022 as opposed to 337,063 in 2019. The peak was 1,019,2072 newly created podcasts…

Podcast

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Podcast

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Jan 21

The CNET AI writing conundrum has reinforced the need for fact-checking

The publisher’s recent stories that were generated by artificial intelligence contained some errors… — CNET, a venerable tech and business news website founded in 1994, recently came under fire for its use of artificial intelligence software to generate personal finance content in the past few months. AI in journalism is nothing new. In 2014, AP collaborated with Automated Insights to start automating quarterly earnings…

2 min read

The CNET AI writing conundrum has reinforced the need for fact-checking

2 min read

Jan 19

Tech layoffs are growing

Here’s a roundup of recent job cuts in the tech industry — Amid the prospect of an imminent global recession, tech companies have accelerated layoffs. Here is a list of notable announcements. Amazon Today, Amazon began laying off thousands more employees, as the ecommerce and cloud computing behemoth begins the greatest wave of layoffs in company history, only months after laying off 10,000…

Economy

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Economy

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Jan 11

5 things to know about Nuvei acquiring Paya for $1.3B

The Canadian fintech firm is acquiring US-based Paya in an all-cash transaction — Montreal-based fintech company Nuvei has agreed to acquire U.S.-based Paya for a substantial USD $1.3 billion. Here are five things to know about the deal: Nuvei (formerly known as Pivotal Payments) is an OG Canadian fintech player at this point, operating since 2003. The company is mostly known for its…

Fintech

2 min read

5 things to know about Nuvei acquiring Paya for $1.3B

Fintech

2 min read

Jan 8

Jack Ma to give up control of Ant Group

It’s the end of an era… — Jack Ma, the Chinese billionaire, will give up control of Fintech giant Ant Group. On January 7, the Hangzhou, China-based company communicated it was altering its ownership structure to ensure “no shareholder, alone or jointly with other parties, will have control over Ant Group”. Ma will hold 6.2 …

Fintech

2 min read

Fintech

2 min read

Dec 31, 2022

The US tech IPO debacle

2022 was a rough year to say the least… — U.S. IPO deal proceeds dropped by 94% in 2022, according to Ernst & Young’s mid-December report on IPOs. Furthermore, as per FactSet, no U.S. tech deal reached $1 billion in 2022. In contrast, 15 IPOs raised at least $1 billion in 2021. Intel’s spinoff Mobileye raised slightly under that amount; no other U.S. tech IPO received even $100 million. Of course, the drop in deals is not unique to America, but the local market has been particularly affected.

Technology

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Technology

1 min read

The US tech IPO debacle

2022 was a rough year to say the least…

Image of sad puppy — Image by Moshe Harosh from Pixabay (with added blue filter)

U.S. IPO deal proceeds dropped by 94% in 2022, according to Ernst & Young’s mid-December report on IPOs.

Furthermore, as per FactSet, no U.S. tech deal reached $1 billion in 2022. In contrast, 15 IPOs raised at least $1 billion in 2021. Intel’s spinoff Mobileye raised slightly under that amount; no other U.S. tech IPO received even $100 million.

Of course, the drop in deals is not unique to America, but the local market has been particularly affected.

There is moderate optimism going into 2023 with possible deals involving Stripe, Databricks and Chime Financial.

This story was first published on The PhilaVerse (my Substack newsletter).

Dec 30, 2022

India plans to make USB-C mandatory on new mobile devices

The new directive could be implemented by March 2025 — Business Standard reports that mobile device companies conducting business in India will have to provide USB Type-C as the standard charging port in their products by March 2025. This new directive follows a similar EU law that would make USB-C mandatory in 2024. The main argument for such is that…

Electronics

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India plans to make USB-C mandatory on new mobile devices

Electronics

1 min read

Dec 27, 2022

A dismal year for smartphone sales in China

Recent figures suggest shipments fell by 22 per cent in the first ten months of 2022 — As per recent government data, smartphone shipments in China have been truly dismal this year. Here are some key points: Shipments fell by 22 per cent in the first ten months of 2022. Between January and October of this year, 214.5 million cellphones were shipped, compared to 275.3 million during the same time last year.

Smartphones

1 min read

Smartphones

1 min read

A dismal year for smartphone sales in China

Recent figures suggest shipments fell by 22 per cent in the first ten months of 2022

As per recent government data, smartphone shipments in China have been truly dismal this year.

Here are some key points:

Shipments fell by 22 per cent in the first ten months of 2022. Between January and October of this year, 214.5 million cellphones were shipped, compared to 275.3 million during the same time last year.
Volume declined 27.2 percent year on year to 23.8 million units in October alone.
The market has been plagued by weak domestic demand, supply chain disruptions and strict mobility restrictions under Covid-19 policies.

Market research firm IDC predicts a rebound in… 2024.

This story was first published on The PhilaVerse (my Substack newsletter).