Trendforce: Smartphone market will decline in 2022 due to COVID, inflation

Trendforce published a research today in which it claims smartphone shipments in the calendar 2022 will decline. Performance in Q1 2022 was unimpressive, and the downward trajectory is predicted to continue in the second quarter as China is struggling with its “zero COVID” policy.

The total production forecast for the entire year is 1.333 billion devices, which is less than 2021, and Trendforce even warned that there is still room for negative revisions in the future.

One of the main reasons for the unimpressive market performance, according to Trendforce, is the lockdown taking…

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