Smartphone gross sales fall 10% globally in May

NEW DELHI : Global smartphone gross sales fell almost 10% from a yr earlier in May, dropping under the 100 million mark for under the second time in a decade as quite a lot of components impacted the market.

According to a 30 June report by Counterpoint’s Market Pulse analysis service, May additionally marked the eleventh consecutive month of decline in smartphone gross sales.

Sales in May fell to 96 million items, within the second straight sequential decline in international smartphone gross sales. The market analysis agency famous that whereas the scarcity in semiconductor chips is beginning to ease, different components corresponding to rising inflation, and uncertainty in Europe as a result of Russia-Ukraine struggle are impacting smartphone gross sales.

This slowdown in gross sales, famous Counterpoint, may result in elevated shares with sellers, in sometimes fast-moving markets corresponding to India.

In flip, this might trigger a slowdown in shipments as sellers would look to filter out current stock earlier than delivery new consignments.

Earlier this yr, market studies famous that smartphone shipments in India did see a decline, pushed by a drop in demand for telephones in addition to the worldwide provide disaster. In May, consultants mentioned that rising gadget costs, paired with a scarcity of engaging offers and reductions that the market has lengthy been used to, led to Indian smartphone customers prolonging their product improve cycles.

While Indians upgraded their telephones each six months in 2016, the improve cycle presently is at round 24 months.

Tarun Pathak, analysis director at Counterpoint, mentioned components corresponding to inflation and the dearth of innovation in smartphones are inflicting customers worldwide to defer their telephone purchases till.

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