NEW DELHI : World smartphone gross sales fell almost 10% from a yr earlier in Might, dropping beneath the 100 million mark for less than the second time in a decade as quite a lot of elements impacted the market.
In accordance with a 30 June report by Counterpoint’s Market Pulse analysis service, Might also marked the eleventh consecutive month of decline in smartphone gross sales.
Gross sales in Might fell to 96 million models, within the second straight sequential decline in world smartphone gross sales. The market analysis agency famous that whereas the scarcity in semiconductor chips is beginning to ease, different elements corresponding to rising inflation, and uncertainty in Europe as a result of Russia-Ukraine conflict are impacting smartphone gross sales.
This slowdown in gross sales, famous Counterpoint, might result in elevated shares with sellers, in usually fast-moving markets corresponding to India.
In flip, this could trigger a slowdown in shipments as sellers would look to filter current stock earlier than transport new consignments.
Earlier this yr, market reviews famous that smartphone shipments in India did see a decline, pushed by a drop in demand for telephones in addition to the worldwide provide disaster. In Might, consultants stated that rising system costs, paired with a scarcity of engaging offers and reductions that the market has lengthy been used to, led to Indian smartphone customers prolonging their product improve cycles.
Whereas Indians upgraded their telephones each six months in 2016, the improve cycle at the moment is at round 24 months.
Tarun Pathak, analysis director at Counterpoint, stated elements corresponding to inflation and the dearth of innovation in smartphones are inflicting customers worldwide to defer their cellphone purchases till.
Supply: Live Mint