Shipments to China - the world's biggest smartphone market - are expected to shrink by 18% as demand takes a beating from strict COVID-19 curbs that halted activity in key economic hubs including Shanghai, Gartner said in a report on Thursday. "A perfect storm of geopolitics upheaval, high inflation, currency fluctuations and supply chain disruptions have lowered business and consumer demand for devices across the world, and is set to impact the PC market the hardest in 2022," said Ranjit Atwal, senior director analyst at Gartner.
Gartner forecast global mobile phone sales to fall 7.1% this year on Thursday, revising its earlier estimate of a growth of 2.2%, citing inflation, Russia's invasion of Ukraine and lockdowns in China. Mobile phone shipments in 2022 is expected to fall to 1.46 billion units from 1.57 billion, and Gartner's earlier forecast of 1.60 billion. "I have taken out about 150 million mobile shipment out of the forecast and what that say to you is the lifetimes (of mobiles) are increasing," Ranjit Atwal, senior director analyst at Gartner, told Reuters in an interview.