According to market research firm TrendForce, second-half 2022 smartphone production planning was quite conservative as brands gave priority to adjusting distribution channel inventory. At the same time, weak market demand worsened on the back of China’s pandemic controls and brands were forced to lower their production targets. As a whole, production volume dropped by 6% in second-quarter 2022, even though volume had always grown in previous second quarters. Global output was only about 292 million units, down 5% on the same period in 2021 when a second wave of pandemic outbreaks occurred in South Asia and Southeast Asia...
Source: https://www.semiconductor-today.com/new ... 0922.shtml