China's smartphone sales fell 13% year-on-year in 2022, the largest plunge for the sector in a decade as consumers spent cautiously, market research firm IDC said on Sunday. Its total shipments fell 25.1% year-on-year, however. Honor ranked as the second best-selling brand, with shipments growing more than 34%, albeit from a low base.
Yahoo Finance Live anchors look ahead to the earnings reports and economic data expected out next week.
Yahoo Finance’s Ines Ferré discusses why companies like ServiceNow and Apple have managed to avoid laying off workers so far as a slowdown hits the tech sector.