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Electronics production trending up

October 25, 2023


According to IDC, smartphone shipments versus a year ago turned negative in 3Q 2021 at -6%. The decline hit a low of -18% in 4Q 2022.

Since then, smartphones have been recovering. IDC data is not yet available, but Canalys estimated 3Q 2023 smartphone shipments were down only 1% from a year earlier.

4Q 2022 shipments should follow the typical pattern of an increase from 3Q shipments, which would result in a mid-single-digit year-to-year increase.

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