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.
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: