Trendforce posted its latest research on the global smartphone market, revealing a decline in production in the third quarter of 2022. The industry saw 289 million units produced between July and September, which is a 0.9% quarterly decline and 11% YoY.
The “extremely weak” demand was due to companies prioritizing inventory rather than new devices while keeping low production due to “strong global economic headwinds”.
Samsung kept its place as the top manufacturer with 64.2 million units in device production, a slight 3.9% increase from the previous quarter. The Korean maker is…
