Smartphone sales will decline in 2023

Smartphone sales will decline in 2023

Smartphone sales will decline in 2023

IDC, a market research firm, expected that global smartphone sales would decline in 2023 to 3.2%, in light of the increase in inflation rates and the rise in prices of various goods and services.

The corporation noted that total sales of smartphones are expected to reach 1.17 billion devices, while other reports indicated a decline in sales during the first quarter of the current year 2023, by 14% on an annual basis.

And she pointed out that sales of smart phones will rise again during the next year 2024, by 6% on an annual basis, provided that the wave of recovery will continue during the following years, so that sales of smart phones will reach about 1.4 billion devices by 2027.

It also expected that shipments of foldable phones worldwide would reach 21.4 million units in 2023, an increase of more than 50% over the 14.2 million units shipped in 2022.

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