Smartphone sales fall 10% globally in May; Less than 100 million units sold

Sales in May fell to 96 million units, in the second straight sequential decline in global smartphone sales.

The market research firm noted that while the shortage in semiconductor chips is starting to ease, other factors such as rising inflation, and uncertainty in Europe due to the Russia-Ukraine war are impacting smartphone sales.

While Indians upgraded their phones every six months in 2016, the upgrade cycle currently is at around 24 months.

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