As the smartphone market shrinks again in Q1 2022, Apple is only gaining profits

According to IDC, smartphone manufacturers sold up to 9% more global acquisitions in the first three months of 2022. Technology business has made its way into all of our lives, making it an essential tool for modern life. However, according to IDC data, the smartphone industry’s recent market loss losses continue, with 314.1 million versions supplied internationally. This is a 9% decrease from the same period last year, and 3.5 percent lower than analysts had predicted.

There are many very good reasons this is happening, IDC said. COVID-19 is forcing Chinese citizens into isolation, disrupting international supply chains at a time when Russia is continuing its brutal war against Ukraine. The result of economic uncertainty is becoming the norm, making stock roil the way. “Things seem to be getting worse,” Nabila Popal, research director at IDC, said in a statement. “Consumer sentiment across all regions, and in particular China, is a broad wall with weight concerns around inflation and system instability that has hampered consumer spending.”

As a result, Popal adds, the companies “are adopting more conservative growth plans for 2022,” which analysts are talking about “things taking dour.” The news is unlikely to surprise anyone watching the recent world news. Major stock indexes lost value this month, with technology firm Nasdaq Composite falling nearly 12%. Meanwhile, technology companies from Netflix to Amazon to Google Alphabet parent have reported glum earnings for the first three months of the year.

“Things seem to be getting worse.” Although Samsung is still at the top of the global market, with 73.6 million units delivered, it actually decreased by more than 1% from the same period a year ago. China’s Xiaomi, in third place, fell nearly 18%. Oppo fourth and fifth place Vivo, also Kannada, fell by almost 27% and 28% respectively. Apple, whose iPhone 13 helped drive its quarterly earnings higher than expected, is the only major smartphone maker to increase its transfers. IDC counts more than 56.5 million iPhones shipped, more than 2% from the year before.

But even Apple executives warned on Thursday that COVID-19 locks would contribute to supply shortages of up to $ 8 billion across its product line. “Our research tells us that Samsung and Apple have moved in a better supply chain than their competitors,” said Ryan Reith, team vice president with IDC’s Global Mobile Trackers. People still need phones though, Reith said. “It was just a matter of time before that question began.”

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