Smartphone Revenue Down Sharply Last Year
Revenue for smartphone makers worldwide fell $36 billion over the previous two years, to $412 billion in 2023, Stocklytics said Monday. “The decline in 2023 marked the lowest full-year volume in a decade, primarily driven by macroeconomic challenges and elevated…
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inventory early in the year,” said analyst Edith Reads of Stocklytics. “While the global smartphone market remains challenged, momentum is moving quickly toward recovery.” The report said the Apple iPhone last year overtook the Samsung Galaxy as the best-selling smartphone worldwide.