Global smartphone market decline continues

Analyst firm Canalys has published its preliminary numbers for the global smartphone market in Q2 2022 and once more they paint a challenging picture.
The top line is that the overall market declined by 9% year-on-year, according to Canalys, having sunk by 11% in the previous quarter. The press release talks of ‘economic headwinds’ and there certainly seem to be a lot of them right now. On the supply side, the component shortage shows little sign of abating, while on the demand side,