The global smartphone market is facing tough conditions. mobile phone sales have dropped significantly in May this year. There are many reasons for this. Counterpoint Research revealed these statistics.
Globally, smartphone sales have fallen drastically. The sales of mobiles have decreased significantly in May this year. This has been revealed by Counterpoint Research. In the month of May, mobile sales around the world did not even reach the 10 crore mark. According to the report, this is the second time in ten years that 10 crore smartphones have not been sold globally in a month. Compared to the month of April, phone sales fell by 4 percent in May alone. Compared to the same May of 2021, there was a 10 percent decline in May this year. On the other hand, while the sales are falling gradually every month, it suddenly decreased in May. There are some reasons for this.
According to a Counterpoint Research report, 9.60 crore smartphones were sold worldwide in May this year. It said there was a decline in sales of 4 percent compared to the previous month and 10 percent compared to May last year. This is the 11th time in a row that sales have fallen below the previous month. It has been revealed that after the effect of corona virus has reduced, the sales have increased a little. She said that the pre-Covid-19 situation in the smartphone market is not yet there. There are some reasons for this.
According to the report, the demand for smartphones is decreasing due to rising inflation worldwide. It said that many people are not interested in buying mobile phones.
China's economic slowdown is also cited as a reason.
The war between russia and ukraine has also had a serious impact on mobile sales.
Due to the impact of the corona virus in China, there is another reason for the transportation problems. Due to this, the mobile manufacturing companies faced shipment challenges. Reducing production.
Counterpoint Research revealed that the shortage of chips is also affecting the smartphone market.
Counterpoint Research predicts that the situation is likely to improve in the second half of this year. It is said that the demand will increase and the companies will increase the production of smartphones. It also predicts that the Chinese economy is likely to return to normal and the technology supply chain will improve.
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Sindujaa D N

04/07/2022 01:36 PM