[Graphic News] Global smartphone shipments plunge to lowest level in a decade
World BusinessFeb 8, 2023
Global smartphone shipments suffered their worst quarterly drop on record in a clear sign of cooling consumer demand that signals more pain for manufacturing hubs like South Korea and Vietnam. Shipments declined 18.3 percent in the December quarter compared to a year earlier, to a little over 300 million units, Needham, a Massachusetts-based IDC said. For the year, shipments fell 11.3 percent and marked the lowest total for a decade, the researchers said. Turmoil in Apple’s main Chinese pr