Smartphone shipments around the world will decline again

Smartphone shipments around the world will decline again

Geopolitical and economic uncertainties are hampering any chance of a global smartphone market recovery, as shipments declined in the first quarter of 2022 and ongoing problems led to slower-than-expected growth this year.Data from Canalys analysts show that total shipments fell by 11% in the first three months of this year.
Traditionally sluggish seasonal demand has been exacerbated by store closures in China, the conflict in Ukraine and rising costs of living in many other countries.This has tempered optimism that the market will rebound in 2022 after the impact of global lockdowns, economic uncertainty and industry-wide component shortages that led to sales declines in 2020 and 2021.Smartphone sales in ChinaBut all is not too bad at the top end of the market.
With a revamped portfolio, Samsung strengthened its position as the world's leading smartphone maker, and demand for the iPhone 13 helped Apple increase its market share from 15% to 18%.
Xiaomi, Oppo and Vivo round out the top five.Despite impending uncertainty in global markets, the leading manufacturers accelerated their growth by expanding device portfolios for 2022,\" said Saniam Chaurasia, analyst at Canalys.
\"While the iPhone 13 lineup continues to win over consumer demand, the new iPhone SE, released in March, becomes an important driver of averages for Apple.A separate study by CCS Insight predicts that the cell phone market will grow by only 2.9% in 2022, with smartphone sales increasing by 4.2% over the calendar year.
However, despite low demand, the share of 5G smartphone sales will grow to 43%.

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