The global smartphone sales declined to 96 million units in May, only the second time in the last 10 years that it fell below the 100-million mark, a new report showed on Thursday.
The last time global smartphone sales went below the 100 million mark was during the first Covid-wave in May 2020, according to Counterpoint Research.
Even after a “V” shaped recovery following the first COVID-19 wave in 2020, the smartphone market has still not reached the pre-pandemic levels.
The global smartphone sales declined 4 per cent (month-on-month) and 10 per cent (year-on-year) last month. This was the second consecutive month of MoM decline and the 11th consecutive month of YoY sales decline.