Global Smartphone Shipments Expected to Decline This Year
01 September 2022 - 5:53AM
Dow Jones News
By Stephen Nakrosis
Global shipments of smartphones are expected to decline this
year by 6.5%, International Data Corp. said Wednesday.
IDC's Worldwide Quarterly Mobile Phone Tracker forecast shows
shipments will fall to 1.27 billion units. The latest figure is
three percentage points below previous forecasts, IDC said.
The decline "is due to record-breaking inflation, geopolitical
tensions, and other macroeconomic challenges that have
significantly dampened consumer demand," IDC said.
Much of the decline would come from China, where shipments are
forecast to fall 12.5%, or about 41 million units.
Shipments in Central and Eastern Europe are seen falling 17.4%,
IDC said.
Shipments in the Asia/Pacific region, which excludes Japan and
China, had previously been expected to rise 3%, but now are
expected to fall 4.5%, according to IDC.
Shipments in the U.S. will grow 0.3% year over year, and Canada
will see 3.2% growth.
IDC also said it is expecting a 0.7% decline for Western
Europe.
IDC expects the setback will be short term, with the market
growing 5.2% year over year in 2023.
Longer term, IDC expects a five-year compound annual growth rate
of 1.4%.
Nabila Popal, research director with IDC's Worldwide Mobility
and Consumer Device Trackers, said "despite the unit decline,
average selling prices have grown 10% year over year in the second
quarter and are forecast to grow 6.3% for the full year."
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 31, 2022 15:38 ET (19:38 GMT)
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