Smartphone Market Faces Slow Recovery: Foldables Shine Amid Caution
Weak consumer demand has led analyst firm IDC to revise its outlook for the global smartphone market, anticipating a slower recovery than previously projected. In February, IDC predicted that shipments would fall this year to 1.19 billion from 1.2 billion in 2022; however, based on recent feedback from channels, supply chain partners, and major OEMs,…