Medical and Hospital 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
New landslide in Venezuela kills three people

Hurricane Ian blows Swiss Re into loss

Climate change puts 1 bn children at 'extreme risk': watchdog

Venezuelan town buries its dead after landslide

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
In Iraq, divorce rates soar even as stigma persists for women

Ancient carvings discovered at iconic Iraq monument bulldozed by IS

Our brains use quantum computation new research suggests

Iraq unveils archaeological park with ancient carvings

INTERNET SPACE
The entire planet's ecosystems classified for the first time: study

Protecting wildlife along the US-Mexico border

Wildlife populations plunge 69% since 1970: WWF

What drives ecosystems to instability?

INTERNET SPACE
EU calls for 'ambitious targets' ahead of COP27 summit

Uganda Ebola epidemic death toll climbs to 44: WHO

Climate change may boost Arctic 'virus spillover' risk

Pfizer says Omicron booster is effective against BA.5 COVID-19 subvariant

INTERNET SPACE
Tough odds for Macau as casinos pray for a pandemic shift

US charges seven Chinese nationals over forced repatriation campaign

Hong Kong to 'trawl world for talent' in reboot attempt

Qatar gets the Middle East's first pandas

INTERNET SPACE
Mexican lawmakers approve keeping army on streets

Army taking on gangs in Colombia's biggest port

Iran navy says thwarted pirate attack on ship in Red Sea

Third body found in drought-hit lake outside Las Vegas

INTERNET SPACE








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.