Global smartphone shipments have saw a sharp fall as unfavourable economic conditions prevail given the ongoing Russia-Ukraine war along with increased Covid infections and China lockdown.
The global smartphone market suffered a decline of 11 per cent in the first quarter with unfavourable economic conditions adding to the woes of sluggish seasonal demand. According to research firm Canalys, Samsung remained on top, followed by Apple and Xiaomi. Apple in particular had a strong quarter due to the demand for its iPhone 13 as well as the new iPhone SE.
Canalys Analyst Sanyam Chaurasia said, “While the iPhone 13 series continues to capture consumer demand, the new iPhone SE launched in March is becoming an important mid-range volume driver for Apple. At a similar price point to its predecessor, it offers an upgraded chipset and improved battery performance and adds the 5G connectivity that operator channels are demanding.
He also added that “while Chinese vendors are still suffering supply constraints at the low end, their global expansion is being hampered by a slowdown in their home market.”
“The global smartphone market was held back by an unsettled business environment in Q1,” Canalys VP Mobility Nicole Peng said. “Vendors must equip themselves to respond quickly to emerging opportunities and risks while staying focused on their long-term strategic plans. The good news is that the painful component shortages might improve sooner than expected, which will certainly help relieve cost pressures,” he added.