The economic downturn is weighing heavily on the global smartphone market, which continues to fall – it was down nearly 20% in Q1 this year, then fell 6.6% in Q2, based on numbers from TrendForce.
2023 is off to a bad start – the 272 million smartphones produced in Q2, added to the Q1 production amounts to a total of 522 million units for the first half of this year. This is a 13.3% decline compared to the first six months of 2022.
Different companies were affected differently. Samsung is still in the lead with 53.9 million units produced (12.4% less than Q1) and a market share just…