We forecast global smartphone sales will decline -5% YoY by volume in 2023 under the neutral scenario. Consumer’s demand on new smartphone devices has been further weakened amid the ongoing Ukraine-Russia war, the rolling covid cases in China, and the cloudy global economy outlook.
Compared to the June 2022 version, we bumped up our smartphone sales forecast number on Huawei’s Harmony OS in 2023. The Chinese vendor managed to stabilize its global performance with its 4G product portfolios and its … Read the rest