2023 will be even worse than 2022 for the mobile phone industry if this report pans out

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Following a horrible last year, mobile phones are expected to have another poor year in terms of global shipments in 2023 and then bounce back... slightly and slowly the next few years.

and ending last year with significantly lower volumes than in 2021, you might be wondering just how much worse things could possibly get for the smartphone market in the near future.report forecasts another big drop in worldwide sales this year for both smartphones and mobile phones as a whole.The tech analyst firm actually focuses more on the latter market than the former category, expecting global mobile phone shipments to slip from a grand total of 1.4 billion units in 2022 and 1.

What's worse is there are no reasons to expect a spectacular recovery to those record levels from six to nine years ago anytime soon. Instead, the mobile industry could grow slightly to a global sales tally of 1.4 billion units in 2024, 1.47 billion the next year, 1.52 the year after that, and 1.56 billion in 2027, at which point phones will essentially return to their success from... 2021.

As far as smartphones go, their shipments are likely to go down to 1.16 billion units in 2023 according to CCS analysts from the 1.21 billion sold last year according to the IDC's comprehensive January report.Unfortunately, this latest research paper doesn't go into any detail about any specific smartphone vendors, suggesting however that brands"focused on premium" models will continue to"benefit from the polarization of the market.

 

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