Key Points
The global smartphone market contracted even as major brands witness pile-up in inventories and consumers rethink renewing their handsets...
The drop is seen as the weakest holiday-season quarter for smartphone sales in a decade as slower-than-expected recovery in China, and waning consumer confidence due to unrelenting market volatility dampened consumer spending...
Consumers are choosing to renew less often but with more durable smartphones when they do, Harmeet Singh Walia, senior analyst at Counterpoint, noted in a company blog post...
The Cupertino-based company had captured nearly half the secondary market, and consumers chose to spend on longer-lasting devices, the report said.. Gen-Z capture ..
Even if the decline in smartphone shipments stabilises, a significant recovery is unlikely before the year-end holiday quarter, Tarun Pathak, research director at Counterpoint, said, citing rising oil prices that could hike inflation and dampen consumer spending..
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