Global smartphone shipments reportedly declined by 18.3 percent, year-over-year (YoY) in Q4 2022. Falling consumer demand, high inventory, and market uncertainties are said to be the main reasons for the drop in shipments, according to a survey conducted by International Data Corporation's (IDC) Worldwide Quarterly Mobile Phone Tracker. While Apple topped the global smartphone shipments in Q4 with a 24.1 percent market share, Samsung and Xiaomi were in second and third spots with 19.4 percent and 11 percent of market share respectively. According to a report published by IDC's Worldwide Quarterly Mobile Phone Tracker, global smartphone shipments have fallen by 18.3 percent YoY to 300.3 million units in the fourth quarter of 2022 (4Q22). The quarterly drop between October and December 2022 is said to be the largest-ever decline in a single quarter. It has also resulted in an overall decline of 11.3 percent for the year 2022. The research director at the firm has cited the fall...