SA Research: global smartphone sales will return to pre-epidemic levels by 2025

CTOnews.com December 7 news, according to Strategy Analytics (TechInsights) Wireless Smartphone Strategy (WSS) service research report, in neutral cases, global smartphone sales in 2022 and 2023 will decline by 9% and 5%, respectively. The report predicts that phones and smartphones will continue to decline in 2023 due to the evolution of the Ukraine-Russia war, the impact of the epidemic on manufacturing, and a mix of consumer demand amid high global inflation and economic uncertainty. 2023 will hit the bottom of the past decade.

The report expects all regions to show a downward trend in 2023, assuming no major external disturbances, and expects the smartphone market to rebound from 2024. By 2025, the global smartphone market will return to pre-epidemic levels. It will take five years for the industry to fully recover from the impact of the epidemic and geopolitical problems.

By 2027, China, India and the US will remain the top three smartphone markets. CTOnews.com has learned that in 2022, the top 10 countries for smartphone sales in the world will include China, India, the United States, Brazil, Indonesia, Japan, Germany, Russia, the United Kingdom and Mexico.