The smartphone manufacturing sector is going through a difficult period not seen in a decade when there was a huge boom in business and market demand, which makes companies today face a real test to cope with situations that may limit their revenues.
Global smartphone shipments are heading for their worst year since 2013 as consumer spending has been hit by long-running economic uncertainties in China and abroad.
Major chip markets, including smartphones, PCs, and data centers, have shrunk this year as corporate customers and consumers alike cut spending amid a weakening global economy and rising inflation and interest rates.
Source (Al-Arab Newspaper of London, Edited)
