Smartphone production falls by record 19.5% year-on-year to ten-year quarterly low of 250 million units in Q1/2023

What happened

Global smartphone production plunged a record 19.5% YoY to 250 million units in Q1 2023, marking a ten-year quarterly low according to TrendForce. The decline is attributed to the ongoing global economic downturn severely impacting consumer confidence and demand. Bearish: This sharp drop in end-device production signals significant weakness in downstream demand for key smartphone semiconductors, likely increasing inventory pressure and suppressing prices for components like mobile SoCs, memory, and passives.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 6/7/2023 · View original source