Demand for smartphones is drying up
Demand for smartphones is fading amid households' fears about rising inflation and other monetary pressures, although brands including Samsung and Apple are weathering the economic storm.
"Vendors were forced to review their tactics in Q2 as the outlook for the smartphone market became more cautious," said Runar Bjørhovde, research analyst. It was only a few years back that Samsung and Apple were clamoring to shore their mid-range line-up. Both companies fared relatively well during Q2, with Samsung boosting market share to 21 percent from 18 percent and Apple taking 17 percent of total sales, up from 14 percent.
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