Overview:
In 2022, the Global Smartphone Market had to navigate muted demand, high inflation, rocketing energy prices, uncertain macroeconomic and geopolitical conditions, and the COVID situation in China. Global smartphone sales declined year on year (YoY) every month until November 2022 and likely declined again in December. Most of the factors responsible for this decline, are likely to keep on impacting the market in H1 2023.
As we enter the new year, this report assesses 2022 and analyzes some of the key factors to look out for in the smartphone market in 2023.
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