Space Industry and Business News  
INTERNET SPACE
Smartphone sales sag as consumers delay purchases: report
by AFP Staff Writers
San Francisco (AFP) Oct 19, 2022

Global smartphone sales have slumped this year amid a "gloomy economic outlook," prompting people to spend money on essentials instead of the latest gadgets, according to a market tracker.

Smartphone sales in the recently ended quarter were nine percent less than in the same period a year earlier, hitting a low not seen since 2014, according to research firm Canalys.

Worldwide smartphone sales in each quarter have fallen short in comparison to those in the same periods last year, it said in a release.

"The gloomy economic outlook has led consumers to delay purchasing electronic hardware and prioritize other essential spending," the market tracker said.

Canalys expected that situation to continue to dampen smartphone sales into next year.

"For most vendors, the priority is to reduce the risk of inventory building up given deteriorating demand," said Canalys analyst Amber Liu.

"The pricing strategy of new products is cautiously crafted, even for Apple, to avoid significant pushback from consumers who now tend to be very sensitive to any price hike."

Apple's share of the global smartphone market climbed to 18 percent in the recent quarter, compared with 15 percent in the same period a year ago, while the share of leading smartphone maker Samsung rose one percentage point to 22 percent, Canalys reported.

Apple meanwhile has dialed back production of its recently launched iPhone+ model while it evaluates demand, news website The Information reported, citing sources.

CFRA analyst Angelo Zino agreed that broad economic woes have caused smartphone demand to erode, but expected Apple to fare better than the competition.

Sales of smartphones improved in September due to "aggressive" discounts and promotions, according to Canalys.

Heading into the year-end holiday shopping season, "consumers who have been delaying purchases will expect steep discounts and bundling promotions as well as significant price reductions on older generation devices," said Canalys analyst Sanyam Chaurasia.


Related Links
Satellite-based Internet technologies


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


INTERNET SPACE
Brazil judge fines Apple $20 mn over chargerless iPhones
Brasilia (AFP) Oct 13, 2022
A Brazilian judge fined Apple $20 million Thursday for selling iPhones without chargers, calling it an "abusive practice" that forces customers to buy an additional product. The decision, which can be appealed, came after Brazil's justice ministry slapped a separate fine of nearly $2.5 million on Apple in September over the same issue and barred the US tech giant from selling its iPhone 12 and 13 models without chargers. The new fine - 100 million reais - was awarded by a Sao Paulo civil court ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

INTERNET SPACE
Greening global economy brings dependence on critical minerals

Imerys to open lithium mine in France

Reprogrammable materials selectively self-assemble

Argonne lays the groundwork for its next-generation supercomputer

INTERNET SPACE
Rivada Space Networks signs MoU with SpeQtral to develop ultra-secure communications

Elon Musk says SpaceX can't continue to fund Starlink in Ukraine

SIMBA Chain awarded SpaceWERX Orbital Prime Contract

Viasat to sell its Link 16 Tactical Data Links business to L3Harris Technologies

INTERNET SPACE
INTERNET SPACE
Mexico denies Russia space deal will aid spying

Taoglas' multi-band GNSS front ends simplify and accelerate product development

Trackem Launches New GPS Business Tracking Platform

Latest Galileo satellites join constellation with enhanced, faster fix

INTERNET SPACE
Greenpeace set sights on 'polluting' jetsetters

Australia probes claims China recruited ex-air force pilots

Russian military jet crash leaves 13 dead as search ends

Russia blames 'malfunction' for jet crashing into flats

INTERNET SPACE
Advance brings quantum computing one step closer to implementation

US hits network that smuggled chips to Russian arms makers

Asian chipmakers plunge after US unveils China export controls

Asian chipmakers plunge after US unveils China export controls

INTERNET SPACE
Europe's all-new weather satellite arrives at launch site

Orion Space Solutions to develop EO processing system for NOAA

NASA extends contract with Planet Labs granting access to EO data to 300,000 scientists

Viewing Earth from space at night: tracking our changing black marble

INTERNET SPACE
Study finds evidence that fuel regulation reduced air pollution from shipping

Surfers, miners fight over South Africa's white beaches

Study explores the potential for mechanical devices to clear the ocean of plastics

Peru villagers accuse government of ignoring harm from mining









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.