New Delhi:&nbsp;Global smartphone shipments fell to 287 million units in the second quarter (Q2), a massive 9 per cent drop, as component orders are being cut rapidly and suppliers have started to be concerned about oversupply, a Canalys report has said.The Q2 global smartphone figures are the lowest quarterly figure since Q2 2020, when the pandemic first hit.<a href="https://telanganatoday.com/global-smartphone-shipments-down-9-in-q2-canalys-report#" rel="noopener noreferrer" target="_blank" style="color: rgb(40, 40, 40);">shopping mode&nbsp;Samsung</a>&nbsp;led the market with 61.8 million smartphones shipped and a 21 per cent market share.Despite the weak seasonality,&nbsp;<a href="https://telanganatoday.com/global-smartphone-shipments-down-9-in-q2-canalys-report#" rel="noopener noreferrer" target="_blank" style="color: rgb(40, 40, 40);">shoppingmode&nbsp;Apple</a>&nbsp;held on to second place, shipping 49.5 million iPhones for a 17 per cent market share.Xiaomi stayed in third place with 39.6 million units, while OPPO and vivo completed the top five with 27.3 and 25.4 million units, respectively.?According to analyst Toby Zhu, vendors could use the extra savings to improve the product competitiveness of new launches in the second half of the year.“At the same time, that might make getting rid of old models even harder. The oversupply situation is demanding more of vendors’ planning capabilities than the shortage period,” Zhu noted.The global smartphone market is suffering a second period of falling shipments after a brief recovery in 2021, and the sudden drop in demand is hitting the leading vendors.“Despite 6 per cent annual growth,&nbsp;<a href="https://telanganatoday.com/global-smartphone-shipments-down-9-in-q2-canalys-report#" rel="noopener noreferrer" target="_blank" style="color: rgb(40, 40, 40);">shoppingmode&nbsp;Samsung</a>’s shipments fell 16% on the previous quarter as the vendor struggled with unhealthy inventory levels, especially in the mid-range,” said research analyst Runar Bjorhovde.Meanwhile, solid demand for the&nbsp;<a href="https://telanganatoday.com/global-smartphone-shipments-down-9-in-q2-canalys-report#" rel="noopener noreferrer" target="_blank" style="color: rgb(40, 40, 40);">shoppingmode&nbsp;iPhone 13</a>&nbsp;series in North America, China and Europe enabled&nbsp;<a href="https://telanganatoday.com/global-smartphone-shipments-down-9-in-q2-canalys-report#" rel="noopener noreferrer" target="_blank" style="color: rgb(40, 40, 40);">shoppingmode&nbsp;Apple</a>&nbsp;to grow despite the headwinds.“The high-end has proven relatively resilient during the recession, while promotions and financing options have helped with affordability,” Bjorhovde noted.Going forward, there will be increasing tensions throughout the entire smartphone supply chain as demand weakness will likely continue for an extended period.“The market is experiencing exceptionally challenging business conditions. Vendors should improve transparency when working with component suppliers and channel partners in the following quarters,” Zhu said.—IANS

Global smartphone shipments fell to 287 million units in the second quarter (Q2), a massive 9 per cent drop, as component orders are being cut rapidly and suppliers have started to be concerned about oversupply, a Canalys report has said.

 Global smartphone shipments down 9% in Q2: Canalys report

Rome:&nbsp;Italy's economy grew 4.6 per cent in the second quarter of this year (Q2) compared to the same period a year ago, the government's statistics body reported.However, that figure was dampened by a significant increase in prices, Xinhua news agency quoted the National Statistics Institute (ISTAT) as saying.Nevertheless, the 4.6 per cent economic growth in Q2 (April-June) was stronger than previous year-on-year growth estimates of 4.3 per cent for the period.Compared to the first quarter of the year, the economy grew 1.0 per cent, ISTAT said.The positive growth rate for Q2 marks the sixth consecutive quarter in which the economy has shown positive growth, starting with the first quarter of 2021 when the economy began to emerge from the economic shadow cast by the coronavirus pandemic.Meanwhile, economic growth over the first half of the year was 3.4 per cent. This figure is higher than the 2.8 per cent estimate for this year as a whole, published last month in ISTAT's 2022-2023 economic outlook.The growth rate was pushed higher by domestic demand, which compensated for a slight drop in exports to other countries during the second quarter.However, the positive growth rate was offset by higher prices.ISTAT also reported on Friday that prices as measured by a basket of representative goods were 7.9 per cent higher in July of this year than in July 2021, slightly lower than the 8.0 per cent year-on-year increase from June, although prices in July were still 0.4 per cent above June levels.Higher energy costs are the main driving force behind price rises, ISTAT said. In July, prices of energy goods were 42.9 per cent higher than in July 2021, although that increase was lower than the 48.7 per cent increase between June 2022 and June 2021.Energy prices began surging earlier this year due to the impact of the ongoing war between Russia and Ukraine.Over the first seven months of this year, prices have climbed 6.7 per cent compared to the same period last year. This is the highest inflation rate Italy has seen since the creation of the euro currency nearly 24 years ago.Other economic sectors showed smaller increases: prices for recreational, cultural, and personal care services rose by 4.6 per cent in July, while prices for processed food rose 9.6 per cent, and transportation costs rose 8.9 per cent.All these sectors have been directly impacted by higher fuel prices.Economists have said that rising prices contribute to economic growth when it is measured by value, as is the case with ISTAT's economic growth measurements, although this also means the buying power of the currency.Despite the day's mixed economic news, the Italian Stock Exchange gained 2.2 per cent on Friday, finishing the month 5.1 per cent higher.—IANS

Italy's economy grew 4.6 per cent in the second quarter of this year (Q2) compared to the same period a year ago, the government's statistics body reported.

Italian economy sees 4.6% growth in Q2, despite high inflation

Moscow: The Russian economy shrank significantly in the spring as a result of the Western sanctions, according to official figures released in Moscow.
Gross domestic product (GDP) fell by 4.0 per cent in the period from April to June compared to the corresponding quarter of the previous year, dpa news agency quoted the national statistics office as saying on Friday.
Economists had expected a sharper decline of 4.7 per cent.&nbsp;
Economic output has thus fallen back to the level of 2018.
The second quarter was the first which has been completely shaped by the war against Ukraine that began on February 24.
As a result, Western countries in particular decided on far-reaching sanctions against Moscow.
In the winter quarter, the Russian economy grew by 3.5 per cent.
The Russian central bank recently forecast a 7.0 per cent decline in economic output for the third quarter.
The decline could be even greater in the final quarter.&nbsp;
—IANS

The Russian economy shrank significantly in the spring as a result of the Western sanctions, according to official figures released in Moscow.

 Russia's economy shrinks significantly in Q2

New Delhi: <span style="color: rgb(44,47,52);background-color: rgb(255,255,255);font-size: 20px;font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Oxygen-Sans, Ubuntu, Cantarell, "Helvetica Neue", "Open Sans", Arial, sans-serif;">The India tablet market grew 68 per cent year-on-year (YoY) and 5G tablet shipments grew 71 per cent YoY in the second quarter (Q2) of this year, a report said on Wednesday.&nbsp;
<span style="color: rgb(44,47,52);background-color: rgb(255,255,255);font-size: 20px;font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Oxygen-Sans, Ubuntu, Cantarell, "Helvetica Neue", "Open Sans", Arial, sans-serif;">According to Cybermedia Research (CMR), the shipment of tablets with an eight-inch display constituted 78 per cent of the overall shipments in the Indian market. On the other hand, tablets with 10-inch and above displays contributed to 227 per cent of the YoY shipments.
<span style="color: rgb(44,47,52);background-color: rgb(255,255,255);font-size: 20px;font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Oxygen-Sans, Ubuntu, Cantarell, "Helvetica Neue", "Open Sans", Arial, sans-serif;">“Driven by the 5G rollouts in the near future, we foresee an impetus in 5G tablet shipments in the tablet market, similar to the trends observed in the 5G smartphone market,” Menka Kumari, Analyst-Industry Intelligence Group (IIG), CMR, said in a statement.&nbsp;
<span style="color: rgb(44,47,52);background-color: rgb(255,255,255);font-size: 20px;font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Oxygen-Sans, Ubuntu, Cantarell, "Helvetica Neue", "Open Sans", Arial, sans-serif;">“The gradual opening-up of the Indian economy is translating to a growth in the commercial tablet business,” Kumari added.
<span style="color: rgb(44,47,52);background-color: rgb(255,255,255);font-size: 20px;font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Oxygen-Sans, Ubuntu, Cantarell, "Helvetica Neue", "Open Sans", Arial, sans-serif;">Lenovo (26 per cent), Apple (19 per cent), and Samsung (19 per cent) captured the top three spots on the tablet leaderboard in the second quarter of 2022.
<span style="color: rgb(44,47,52);background-color: rgb(255,255,255);font-size: 20px;font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Oxygen-Sans, Ubuntu, Cantarell, "Helvetica Neue", "Open Sans", Arial, sans-serif;">The report also mentioned that the 4G tablet market registered 65 per cent YoY growth.&nbsp;
<span style="color: rgb(44,47,52);background-color: rgb(255,255,255);font-size: 20px;font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Oxygen-Sans, Ubuntu, Cantarell, "Helvetica Neue", "Open Sans", Arial, sans-serif;">The value for money tablets in the price range of Rs 10,000 – Rs 20,000 posted a stupendous sequential growth of 142 per cent in the second quarter of 2022.
<span style="color: rgb(44,47,52);background-color: rgb(255,255,255);font-size: 20px;font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Oxygen, Oxygen-Sans, Ubuntu, Cantarell, "Helvetica Neue", "Open Sans", Arial, sans-serif;">“Driven by consumer and enterprise demand for new specialised use cases, such as intense gaming and productivity use cases, we foresee new hardware and software innovations, including larger tablet screen size, increased RAM, enhanced cameras, and battery amongst others,” Kumari added.&nbsp;
—IANS

The India tablet market grew 68 per cent year-on-year (YoY) and 5G tablet shipments grew 71 per cent YoY in the second quarter (Q2) of this year, a report said on Wednesday. 

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Global smartphone shipments down 9% in Q2: Canalys report

Pankaj Sharma

The Hawk

Tag : Q2

Global smartphone shipments down 9% in Q2: Canalys report

Pankaj Sharma

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