Global Smartphone Production Declined 11 In Q3 2022
Trendforce is blaming poor sales in the previous quarters for a production slowdown in the third quarter. Vendors have found it hard to clear up their inventories lately. Factors like the Russia-Ukrain war, political tensions between China and the US, and global economic headwinds have affected smartphone sales since the second quarter of this year. Companies started scaling back production in Q2 itself. The latest research report states the total production volume in Q2 and Q3 was pretty much the same....