The smartphone market, which started to rise in the second half of 2020 with the effect of the pandemic, continued until the end of 2021, and this time, the smartphone market fell again with the effect of the pandemic. There are problems on the production side.
The smartphone market is declining
Unlike the Western world, the strict restrictions imposed by the zero-case policy in China adversely affect both the production chain and the supply chain. The smartphone market is also getting its share from this. In addition, high inflation is the spice of the matter.
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The market, which sold 310 million in the first quarter of the year, shrank by 12.8% on a quarterly basis. Due to restrictions and periodic shelf adjustments in China, 309 million smartphones are expected to be sold in the second quarter. Only in China there is a decrease of around 13 percent.
The expectation for 2022 was reduced to 1.333 billion. This figure is lower than in 2021. It is stated that in the light of the developments to be experienced during the year, expectations may decrease even more. At this point, how much longer China will close will be effective.
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