The global smartphone market may have bottomed out

The latest numbers for the global smartphone market suggest it has hit an inflection point after years of decline.
It’s not time to break out the bubbly just yet, but Omdia’s preliminary Q3 2023 global smartphone shipment numbers show a year-on-year decline of just 0.7%. Furthermore, the 301.6 million units shipped mark a 13.4% increase on the previous quarter. That figure needs to be viewed in the context of seasonality, with Q3 nearly always stronger than Q2.Despite continued macro