A grim last quarter for smartphone shipments

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

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).