Smartphone shipments in Europe fell by 12% to 49 million during the first quarter of 2022 – the lowest volume for the three-month period in nine years. The figures from Counterpoint Research and strength to concerns that geopolitical and economic uncertainty will hinder any chance of a major recovery in the market. (opens in new tab)Traditionally weak seasonal demand has been compounded by Covid-19 related lockdowns, Russia’s invasion of Ukraine, the rising cost of living in many countries, and the ongoing component shortage that is hampering production.
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