Global smartphone revenue fall by 9% in 2022, lowest since 2017: Report


Content Team
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The global smartphone revenue declined by 9 per cent, amounting to $409 billion in 2022, the lowest since 2017, a new report has said. According to Counterpoint Research, the global smartphone market declined by 18 per cent (year-over-year) to reach 304 million units in Q4 2022. Moreover, Apple achieved an all-time high revenue share of 48 per cent in 2022, and also captured the highest-ever operating profit share of 85 per cent.