Earlier today Patently Apple Smartphone posted a report on the iPhone trending down in China and up 3.2% year-over-year in Q1 2022, and tonight IDC announced Q1 2022 worldwide smartphone shipments. published a report covering and once again, it was Apple. Only the top smartphone vendors showed a gain of 2.2% while Xiaomi, Oppo, and Vivo declined by 17.8%, 26.8%, and 27.7% respectively. Samsung was the top vendor by volume but fell 1.2 percent in the first quarter.
Overall, IDC reports that worldwide smartphone shipments fell 8.9 percent year-on-year in the first quarter of 2022 (1Q22). This marks the third straight quarter of decline for the smartphone market as shipments fell to 314.1 million units in the quarter, about 3.5% below IDC’s forecast in February.
Nabila Popal Research Director at IDC:
“Although some decline was expected in the first quarter, due to ongoing supply and logistics challenges and a difficult year-on-year comparison, things seem to have taken a turn for the worse. All regions Consumer sentiment in China, in particular, remains largely negative, with heightened concerns about inflation and economic instability dampening consumer spending.
And coupled with the recent lockdown in Shanghai, are exacerbating an already difficult situation. On top of that is the Russian invasion of Ukraine, which immediately affected the region and continues on an unknown path. Given all these uncertainties, most OEMs are adopting a more conservative growth strategy for 2022.”
Ryan Reith, Group Vice President of Worldwide Mobile Device Trackers at IDC, said: “It goes without saying that the world is facing a myriad of challenges, whether geopolitical, pandemic-related, or macroeconomic. Recent Almost everything has happened in the months since, the smartphone market, and realistically many other technology segments. For more, read the full IDC report.
Although Apple benefited in smartphone shipments in China and globally when others declined, Wall Street did not send Apple stock on its positive 9% growth this afternoon for calendar Q1 (Fiscal Q2) results. .
Apple CFO Luca Maestre warned of a number of challenges in the current quarter, including supply disruptions related to Covid-19 that could hurt sales by between $4 billion and $8 billion. The stock is down 2.22% after hours, but could change by tomorrow morning.
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