The smartphone market has been in decline for the last few quarters, and that’s not surprising given global economic condition. A pair of reports from analytics firms Counterpoint and Canalys suggests that the trend is continuing, even though there are signs of recovery in the future. The reports note that buyers are still looking for cheaper options, either through the refurbished market or companies offering discounts for their older models to clear stocks.
The smartphone market has registered a decline for the eighth straight quarter with an 8% year-on-year dip, according to a report by analytics firm Counterpoint. Canalys’ report suggests that the dip for Q2 2023 was 11% with a streak of six quarters...
