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).

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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…

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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