Smartphone market hits 10-year low on China’s economic slump

  • 📰 DailyExpress_MY
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 83%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

SHANGHAI: Global smartphone shipments are headed for their worst year for over a decade as prolonged economic uncertainties in China and beyond are hurting consumer spending.

Shipments are expected to drop 6% year-over-year to 1.15 billion handsets in 2023, according to the latest Counterpoint Research estimate, due to a deteriorating Chinese economy struggling with deflation and disappointing demand in the US."Asia is one of the major hurdles to positive growth, as headwinds halt the economic turnaround anticipated for China,” the report said.

* Follow us on Instagram and join our Telegram and/or WhatsApp channel for the latest news you don't want to miss.* Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MRANTI aims to foster growth of high-tech industries in Malaysia with its Global Accelerator ProgrammeFoster growth of high-tech industries that align with high-income ambitions Alumni urge cohort to take opportunity to build personal relationships with coaches Malaysian Research Accelerator for Technology and Innovation (MRANTI) officially launched its Global Accelerator Programme (GAP) 2023, gathering 20 companies from Malaysia, Turkey, and Russia with the current cohort focused on three verticals - medical & healthcare, agriculture, and drone tech.
Source: DNewsAsia - 🏆 23. / 51 Read more »

MRANTI's Global Accelerator Programme 2023 commences with 20 startups from Malaysia, Türkiye, RussiaFocus on high-potential industries including Healthtech, Agriculture, Drone Tech GAP impacted 212 startups, facilitating US$130mil in funding through first six cohorts Malaysian Research Accelerator for Technology and Innovation (MRANTI) officially launches its Global Accelerator Programme (GAP) 2023, opening its doors to 20 companies hailing from Malaysia, Türkiye, and Russia. GAP 2023 is focused on three high-potential industries: Medical & Healthcare, Agriculture, and Drone technology.
Source: DNewsAsia - 🏆 23. / 51 Read more »

OpenAI acquires start-up Global Illumination to work on core products, ChatGPT(Reuters) - OpenAI said on Wednesday it had acquired digital products company Global Illumination, in what comes as the first known acquisition by the storied artificial intelligence firm.
Source: staronline - 🏆 4. / 75 Read more »