Mobile Handset Forecast by Region (Long Term) May 2023

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May 31, 2023

Overview:

The 2023 smartphone market is expected to fall 2% YoY, reaching 1.2 billion units as macroeconomic headwinds and consumer weakness continue to pressure the tech sector. The reasons for further lowering the forecast are as follows;

- Despite some recent recovery in macroeconomic indicators, consumer sentiment on the smartphone sector is still weak.

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Category

Industry

Smartphone

Report Type

Report

Summary

Published

May 31, 2023

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Author

Liz Lee

Liz, an Associate Director at Counterpoint Research, has 14+ years of extensive experience in the tech industry. Previously, Liz worked for Samsung SDI focusing on IR (Investor Relations) along with insight-based analysis of emerging tech markets and corporate strategies. She holds an International MBA degree from Waseda Business School.