According to our research, both global smartphone shipments (sell-in) and sales (sell-through) increased MoM, however the numbers are still below the volumes of 2021, indicating their yearly growths become negative.
The soft performance is mainly due to the strong economy headwinds such as inflation and currency exchange rate turbulence, on-going geopolitical tensions, as well as the weakening demand in multiple markets. Industry total inventory variance / changes increased this month, indicating the modest inventory building up by major OEMs … Read the rest