The Smartphone Market Is Now Officially in a Recession

November 2, 2018

Via: Fortune

The latest analyst figures for global smartphone shipments show the market for the devices is now in a recession.

IDC reported a 6% year-on-year decline in third-quarter shipments, down to 355.2 million units. Strategy Analytics put the total at 360 million units, down 8% from the 393.1 million units shipped the same quarter a year ago.

“The global smartphone market has now declined for four consecutive quarters and is effectively in a recession,” said Strategy Analytics director Linda Sui.

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