Global smartphone shipments expected to drop this year after three consecutive quarters of decline - IDC

The market is currently facing headwinds from many fronts, including weakening demand, inflation, and continued geo-political tensions

Kelsey Rees
clock • 2 min read
Global smartphone shipments expected to drop this year after three consecutive quarters of decline - IDC

Shipments of smartphones will drop 3.5 per cent to 1.31 billion units in 2022, according to predictions from IDC. After a three consecutive quarter slump and increasing challenges in both supply and demand, the analyst has significantly reduced its forecast for 2022 from the previous projection of 1.6 per cent growth.  However, IDC expects this to be a short term setback as the market rebounds to achieve a five-year compound annual growth rate (CAGR) of 1.9 per cent through 2026. "Th...

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