Mobile phone, PC shipments to fall another 4.4% in 2023, Gartner says

Worldwide shipments of total devices PCs, tablets and mobile phones are projected to decline 4.4% in 2023, to total 1.7B units, according to Gartner, Inc. In 2022, the devices shipment market declined 11.9%."The depressed economic market will continue to dampen demand for devices throughout 2023. In fact, end-user spending on devices is projected to decline 5.1% in 2023," said Ranjit Atwal, Senior Director Analyst at Gartner. "Just as business confidence was beginning to recover after the worst of the pandemic, it has now fallen significantly in most regions. We do not expect relief from inflation and the bottom of the recession to occur until the fourth quarter of 2023." The downward trend affecting the devices market will lessen in 2023 on the expectation of a less pessimistic economic outlook through 2023, eventually increasing consumer and business spending. Companies that may be impacted by this include Apple (AAPL), Alphabet, (GOOG, GOOGL), Samsung (SSNLF), Qualcomm (QCOM), Skyworks (SWKS) and Jabil (JBL). Reference Link