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- Smartphone sales are below 100 million for the second time in eight years.
- The market hit its peak back in 2016-17.
- Economic slowdown, rising inflation, and the Ukraine crisis are some of the reasons for the decline.
Global smartphone sales have plummeted below 100 million units for the second time in eight years. It’s the worst sales have been since the pandemic hit in 2020, according to a report by Counterpoint Research.
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