Smartphone market expected to decline further in 2022, here’s why

In a recent research report, market analyst firm TrendForce has suggested that the global smartphone market is expected to decline as the year continues. As per the report, a total of 310 million unit smartphones were produced globally in Q1 of 2022, witnessing a decline of 12.1 per cent compared to the last quarter. The report cites the stringent COVID lockdown in China as one of the major reasons behind this decline.