Smartphone Shipments Are Forecast to Decline in 2023 Thanks to Inflation

A weaker economic outlook and ongoing inflation mean that global shipments of smartphones are expected to decline by 3.2% in 2023, according to a new forecast from International Data Corporation’s Worldwide Quarterly Mobile Phone Tracker. That prediction is even worse than the last — it’s been revised downward from the 1.1% decline that was forecast in February.

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