Global Smartphone Shipments Declined 7.8 Percent on YoY Basis: Report
Global smartphone shipments declined 7.8 percent on a yearly basis to 265.3 million units in the second quarter of 2023 (April-June), preliminary data from the International Data Corporation (IDC) showed. International Data Corporation (IDC) is a global market intelligence and advisory services provider.With this, it marks the eighth consecutive quarter of contraction as the market struggles with weak demand, inflation, macroeconomic uncertainties, and excess inventory. The rate of decline though is slowing compared to…