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Smartphone market estimates worsen, down by 7.1%

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Extinguishing operations of the vast fire in the Bolognese Apennines (ANSA)

(ANSA) – MILAN, 01 JUL – Global mobile phone sales will drop by 7.1% by the end of the year, a downward revision compared to a previous growth estimate of 2.2%. To make an analysis the company Gartner which in the latest report cites inflation, the Russian invasion of Ukraine and the blockade in China as the main causes of the turnaround. It will bring smartphone shipments in 2022 to 1.46 billion units instead of the 1.60 billion expected. 2021 closed with 1.57 billion shipments.

“You have to consider at least 150 million fewer shipments this year as people, for various reasons, have decided to keep their phone for another three months instead of changing it,” Ranjit Atwal, senior analyst director, told Reuters. Gartner. The crisis in the sector particularly affects the giants of mobile telephony with the Chinese market leading the estimates down. The consequence of the repeated blocks for Covid-19, both in the social and productive life for the factories of some Chinese districts, will lead Gartner shipments to China to drop by 18.3% compared to -5.8% at the level global.

PCs are also interested in the decline. The segment will have to face a decline of 9.5%, higher than previous estimates of -4%. A forecast that reflects what has been stated in recent months by industry players, such as the chip maker Advanced Micro Devices, which at the beginning of June had stated that the computer market was destined to slow down after two “very strong” years. (HANDLE).

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Source: Ansa

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