There are loads of negative factors that impact on reducing the supply of smartphones around the globe
IDC: The world will see decline is the supply of smartphones. Source: pexels.com
According to the latest IDC forecasts, the world will see a decline in the shipment of smartphones to 1.3 billion gadgets. Due to the geopolitical situation, as well as the reduced demand, the whole world will now witness a reduced demand for smartphones.
The largest decline in the supply of smartphones will be observed in Central and Eastern Europe, where you can see a decrease in the supply of 22%, in China, the figure is 11.5%.
In light of the growing problems with demand and the upcoming inflation, this was an even more pessimistic foreboding for the supply of gadgets.
There are loads of negative factors that impact on reducing the supply of smartphones around the globe. However, some experts believe that the situation will be fixed.
Respectively, many giant corporations have already cut back orders for this year. The research director in IDC Phill Solis believes that the decline in demand will not last forever.
He believes that the current problems with the supply of smartphones around the world will adjust and will come back to normal at the end of 2022.
The expectation is that it won’t last too long, and the market will recover by 2026, for a five-year average annual growth rate of 1.9%.
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