Enlarge / An empty Samsung Store. Samsung
With a million layoffs and rising inflation, it turns out consumers also aren’t interested in spending a ton on a new smartphone. The International Data Corporation has the latest numbers for worldwide smartphone sales in Q4 2022, and it’s a disaster. Shipments declined 18.3 percent year-over-year, making for the largest-ever decline in a single quarter and dragging the year down to an 11.3 percent decline. With overall shipments of 1.21 billion phones for the year, the IDC says this is the lowest annual shipment total since 2013.
In the top five for Q4
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