Mobile Handset Forecast by Region (Long Term) May 2023
Overview:
The 2023 smartphone market is expected to fall 2% YoY, reaching 1.2 billion units as macroeconomic headwinds and consumer weakness continue to pressure the tech sector. The reasons for further lowering the forecast are as follows;
- Despite some recent recovery in macroeconomic indicators, consumer sentiment on the smartphone sector is still weak.
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Author
Liz Lee
Liz, an Associate Director at Counterpoint Research, has 14+ years of extensive experience in the tech industry. Previously, Liz worked for Samsung SDI focusing on IR (Investor Relations) along with insight-based analysis of emerging tech markets and corporate strategies. She holds an International MBA degree from Waseda Business School.
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