314.1M Phones Shipped in Q1 Were 3.5% Fewer Than Forecast: IDC
Global Q1 smartphone shipments declined 8.9% year over year, according to preliminary IDC data reported Thursday. It was the third straight quarter of decline for the smartphone market, as shipments fell to 314.1 million handsets, about 3.5% fewer than IDC…
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projected in February. Though some decline was expected in Q1, “due to the ongoing supply and logistical challenges and a difficult year-over-year comparison, things seemed to have taken a turn for the worse," said IDC. The rising costs of components and freight, plus the COVID-19 lockdowns in Shanghai, “are exacerbating an already difficult situation,” it said. With the Russian invasion of Ukraine continuing on an “unknown trajectory,” most smartphone OEMS “are adopting a more conservative growth strategy for 2022," it said. Samsung led the vendor race in Q1 with the 23.4% share, "its largest share in any given quarter since the first quarter of 2018," said IDC. Apple was second with 18.0% share, it said, with Xiaomi third at 12.7%.