2023 shaping up to be even worse for smartphone market than first thought

Weak consumer demand has led analyst firm IDC to lower its outlook for the global smartphone market.
The picture was already looking bleak back in February, when the same outfit predicted that shipments would fall this year to 1.19 billion from 1.2 billion in 2022. Last week, IDC said that even this forecast was a little optimistic.
“Our conversations with channels, supply chain partners, and major OEMs all point to recovery being pushed further out and a weaker second half of the year,&rd