According to analytics firm Counterpoint Research, global smartphone sales in May this year fell by 10% to 96 million units compared to the same period in 2021.
It is noteworthy that for the second time in the last ten years, global smartphone sales fell below 100 million units.
Despite a strong rebound after the first wave of COVID-19 in 2020, smartphone sales have yet to return to pre-pandemic levels. Current supply chain issues are stabilizing, but rising inflation, coupled with a slowdown in Chinese manufacturing and other factors, is limiting demand for smartphones.
Looking ahead, Counterpoint Research analysts predict an improvement in the situation in the second half of 2022.
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