Global mobile phone sales declined for the second consecutive quarter this year, falling 2 percent (year-on-year) and 15 percent (quarter-on-quarter) to $95.8 billion in the June quarter, while and the income of the hands and the profits made are more. It is run by Apple.

According to Counterpoint Research, the drop in global smartphone shipments due to factors including China’s lockdown and political uncertainty led to a decline in revenue despite the average selling price (ASP) rising by 6 percent in the same period this time.

Apple was in the lead, with the iPhone accounting for 80 percent of all profits in the industry.

Senior analyst Harmeet said, “With global companies such as Samsung and Apple leading the way in ASP development, even some Chinese companies are working to advance to high-end ASP devices in the coming year.” ago, overall operating profit saw year-on-year growth in the second quarter of the year,” said senior analyst Harmeet. Singh Wali.

However, compared to the previous quarter, operating profit fell by 29 percent after falling by 26 percent QoQ in Q1 2021, Walia said.

Apple’s revenue rose 3 percent year over year even though it shipped 46.5 million iPhones in the quarter.

“Revenue growth in the second half of the year, compared to the first half, is almost certainly due to the cyclical launch of the highly profitable iPhone and economic resilience,” said executive director Jan Stryjak. Jan Stryjak.

However, with uncertainty about the political environment, rising inflation and fears of a recession, “the mobile phone market will be affected and it may take a long time to return to the conditions predicted before the outbreak,” he said. he.



(Only the headlines and images for this report were reproduced by Business Standard staff; the rest were automatically obtained from the attached feed.)

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