In keeping with Counterpoint Analysis’s Market Pulse Service, world smartphone gross sales declined to 96 million items in Could. The determine represents a 4% decline in comparison with April and a ten% fall towards the figures from Could 2021. The noteworthy bit is that that is solely the second time within the final ten years that the determine has dropped under 100 million items for the interval.
Counterpoint Analysis Month-to-month Market Pulse – Could 2022
The 96 million is the second consecutive month-to-month decline and an eleventh straight month of yearly gross sales decline. Regardless of the robust rebound after the preliminary COVID-19 wave in 2020, smartphone gross sales are nonetheless not again to pre-pandemic ranges. The continuing provide chain points are stabilizing although rising inflation ranges coupled with manufacturing unit slowdowns in China and the Ukraine disaster are the primary components limiting smartphone demand.
Because of the lowered demand, smartphone distributors are experiencing stock build-up which is anticipated to indicate its toll within the Q2 smartphone shipments information. Trying forward Counterpoint analysts predict the state of affairs to enhance in H2 as provide chains normalize and factories in China function at full ranges.