IDC: Global Smartphone Shipments Growth Slows to 1% in 2Q, as Tariffs Suppress Spending
Spending has been suppressed due to buyers' concerns over economic uncertainty triggered by U.S. tariffs, particularly on low-end devices, research firm IDC said in a report on Monday.
This has led to a deceleration in global smartphone shipment growth to 1% in 2Q, reaching 295.2 million units, down from a 1.5% increase in 1Q.
Samsung topped the chart with shipments rising 7.9% YoY to 58 million units, capturing a market share of 19.7%. Apple (AAPL.US) followed with shipments hiking 1.5% YoY to 46.4 million units, holding a market share of 15.7%.
XIAOMI-W (01810.HK) ranked third with shipments rising only 0.6% to 42.5 million units.
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AASTOCKS Financial News
Website: www.aastocks.com
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