Worldwide Smartphone Shipments Continued Decline in Q2: IDC

Worldwide smartphone shipments declined 7.8% year over year to 265.3 million units in Q2, IDC reported Thursday. “While this marks the eighth consecutive quarter of contraction as the market struggles with soft demand, inflation, macroeconomic uncertainties, and excess inventory, the rate of decline is slowing compared to previous quarters,” IDC said. Samsung led the market with 53.5 million units shipped, followed by Apple (42.5 million) and Xiaomi (33.2 million).