Explorer

Component And Supply Chain Shortage, COVID Uncertainty To Hit Global Smartphone Market

Component shortages, price inflation and COVID uncertainty will continue to weigh on the smartphone market during the first half of 2022, a new report has shown.

New Delhi: Component shortages, price inflation and COVID uncertainty will continue to weigh on the smartphone market during the first half of 2022, a new report has shown. The situation, however, may ease in the second half due to COVID vaccines, interest rate rises by central banks, and less supply disruption at factories, according to Strategy Analytics. "We forecast global smartphone shipments to grow a mild 3 per cent (on-year) in full-year 2022. This year will be a tale of two halves," said Linda Sui, Senior Director at Strategy Analytics.

According to new research, global smartphone shipments fell 3 per cent YoY to 365 million units in Q4 2021. Full-year smartphone shipments rose 5 per cent to 1.36 billion units in 2021. Apple iPhone topped the global smartphone market with a healthy 22 per cent share in Q4 2021 while Samsung maintained first place with 20 per cent share in full year, said the report. "Factory constraints and component shortages continued to restrict smartphone supply in the final quarter of last year, a said Sui.

Full-year smartphone shipments recovered from a sharp COVID-led decline of 8 per cent (YoY) during 2020. "We estimate Apple shipped 80 million iPhones and topped the global smartphone market with a healthy 22 per cent share in Q4 2021. Demand was strong for the new iPhone 13 series in China and other markets," said Woody Oh, Director at Strategy Analytics.

Meanwhile, hit by component shortages, global smartphone sales to end-users declined 6.8 per cent in the third quarter of 2021, according to a previous Gartner report published in November. Component shortages disrupted production schedules, leading to lower inventory and delayed product availability, which eventually impacted sales to end-users.

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

India Confirms Meeting Between India, Canada Intel Officials, But Maintains No Evidence Shared On Nijjar Case
India Confirms Meeting Between India, Canada Intel Officials, But Maintains No Evidence Shared On Nijjar Case
Jharkhand Elections: INDIA Bloc Arrives At Seat-Sharing Agreement, Friendly Fight In 3 Seats
Jharkhand Elections: INDIA Bloc Arrives At Seat-Sharing Agreement, Friendly Fight In 3 Seats
Pawar Family Hosts Separate Diwali Events For 1st Time As Ajit, Sharad Gear Up For Maharashtra Polls
Pawar Power Split: Pawar Family Hosts Two Diwalis For 1st Time As Ajit, Sharad Gear Up For Polls
4 Sanitation Workers, Including Two Women, Killed After Being Hit By Train In Kerala's Palakkad
4 Sanitation Workers, Including Two Women, Killed After Being Hit By Train In Kerala's Palakkad
Advertisement
ABP Premium

Videos

Maharashtra Election: If Numbers Are Needed, Who Will You Choose? Devendra Fadnavis Makes a 'Prediction'Maharashtra Election: Listen to Raj Thackeray's Take On Who Will Be Maharashtra's Next CM | Raj Thackeray ExclusiveMaharashtra Election: Ajit Pawar Speaks Out on Allegations of Collusion with Sharad Pawar | Ajit Pawar ExclusiveChirag Paswan Exclusive Interview: Responds with Laughter on Marriage, Uncle, Nitish & PM Modi | ABP LIVE

Photo Gallery

Embed widget