Smartphone Demand – pressnews

[ad_1] Consumers in the world’s biggest smartphone market haven’t responded with a spending spree. Murata Manufacturing Co. expects this year's drop in smartphone sales to keep going well into 2023, led by a sharp downturn in China. The company's outlook has dimmed dramatically from a quarter ago, when it looked forward to a bounceback in Chinese demand after the end of Covid-19 lockdowns in major cities. Consumers in the world's biggest smartphone market haven't responded with a spending spree and Murata sees little prospect for a rally over the next year, President Norio Nakajima told Bloomberg News in an interview. “The momentum will not come back at least during fiscal 2022 and the situation is not that positive going into the next term,” Nakajima said. “Demand for consumer ...

[ad_1] The global smartphone market had its worst third quarter since 2014. he global smartphone market had its worst third quarter since 2014 as economic headwinds pushed consumers to delay discretionary purchases like personal electronics.Shipments of smartphones around the world fell 9% in the three months ended September, extending a decline that's lasted the entirety of 2022, according to market research firm Canalys. The downward trend in demand is likely to continue for a further nine months, Canalys added. Interest rate hikes and rising energy prices have dampened consumer appetites this year, with China's economic slowdown and Covid-19 lockdowns playing a key role in sapping momentum for smartphone sales. Domestic players like Xiaomi Corp., Vivo and Oppo have all registered d...

Tag: Smartphone Demand

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