Smartphone production falls 6.6% year-on-year to 272 million in Q2; first-half 2023 down 13.3%

What happened

Global smartphone production fell 6.6% YoY to 272M units in Q2 2023, marking a ten-year low for the quarter and bringing H1 2023 production down 13.3% YoY to 522M units. This sustained decline reflects persistent weak end-market demand and ongoing inventory corrections across the supply chain. Bearish: The continued slump in smartphone production signals prolonged demand weakness for key smartphone semiconductors and components, pressuring prices and inventory levels.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 9/4/2023 · View original source