Canalys: Smartphone sales fell 9% in Q2 2022 due to oversupply and soaring inflation

Canalys posted a troubling report on the smartphone market for Q2 2022. Shipments between April and June fell 9% YoY after weaker demand, following “economic headwinds and regional uncertainty”. Samsung remained the top maker in Q2 while Apple retook second place from Xiaomi after strong iPhone 13 sales, while Chinese makers struggled at home. According to Runar Bjørhovde, Research Analyst at Canalys, companies faced sluggish demand, which led to rethinking quarterly strategies. The soaring inflation and inventory pileup resulted in makers “reassessing their portfolio” for the...

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