Global smartphone shipments will plummet in 2023 due to economic headwinds and lukewarm consumers
Global smartphone shipments are expected to decline in 2023, a departure from previous growth forecasts, as macroeconomic challenges and weak consumer demand weigh on the sector, according to research from Counterpoint Research. Shipments of the first consumer electronics device are expected to decline 2% annually to 1.262 billion units in 2023, from around 1.240 billion …