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…

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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).

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Image by vijendra kushwah from Pixabay

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).

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Phil Siarri

Founder of Nuadox | Tech & Innovation Commentator | Digital Strategist | MTL | More about me> linktr.ee/philsiarri