Asian Tech Press (Dec 02) -- A research report from Strategy Analytics shows a significant downward revision of smartphone shipment forecast figures for 2022.

In the fourth quarter of 2021, smartphone shipments are expected to grow 7 percent sequentially, with annual shipments reaching 1.34 billion units.

The market and vendors performed below expectations in the third quarter of 2021, indicating that escalating supply constraints and weakening consumer spending power have begun to impact the smartphone market significantly.

Strategy Analytics expects global smartphone shipments to remain in a recovery phase in 2022 (1.41 billion units) and return to pre-epidemic levels in 2019.