"Currently, there are 5.63 billion active smartphones worldwide - a number that will continue to grow over the next years. Actual new smartphone shipments are expected to decline as consumers become more selective."
"The market has confounded expectations, actually growing by a single percentage point in shipments compared to the first quarter last year, to 298.5 million units, largely due to front-loading by vendors."
Smartphone replacement cycles are extending as inflation pressures household budgets, causing consumers to hold onto their devices longer. The AI-driven memory shortage has increased production costs for manufacturers. Despite a slight growth in shipments this year, driven by preemptive sales, demand is expected to decline. Analysts warn of an imbalance between channel sell-in and sell-out, indicating a potential correction in sales. With 5.63 billion active smartphones globally, the trend of longer replacement cycles is likely to continue.
Read at Theregister
Unable to calculate read time
Collection
[
|
...
]