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By IDC
30 Aug 2023
NEEDHAM, Mass., August 30, 2023 – Worldwide smartphone shipments are forecast to decline 4.7% year over year in 2023 to 1.15 billion units, the lowest volume in a decade, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. This is a downward revision from IDC's previous forecast of -3.2%, driven by a weaker economic outlook and ongoing inflation, which has dampened consumer demand and lengthened refresh cycles.
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