Global smartphone sales rebound in October after declining for more than 2 years: Counterpoint
Summary
Global smartphone sales rose in October after declining for 27 straight months on a year-on-year basis, led by a recovery in emerging markets, data from Counterpoint Research showed. "The growth has been led by emerging markets with a continuous recovery in Middle East and Africa, Huaweis comeback in China and onset of festive season in India," the research firm said. "As compared to last year, the launch was delayed by a week which meant the full effect of the new iPhone sales was felt in October," said Counterpoint Research. Global smartphone sales have been impacted by component shortages, inventory build-up and longer replacement cycles. "These issues have been compounded with an uncertain macroeconomic environment and as a result, global smartphones sales have declined year-on-year every month for more than 2 years," the research firm said.