Fitch rating agency analysis seeing a weaker economy:
- Weaker demand hits Asian smartphone vendors and component suppliers
- We now expect
shipments within China to fall at a rate in mid-teens in 2022 - Says global
smartphone shipments are set to decline at high single-digit rates in
2022 - Influence of chip
shortages in holding back smartphone shipments has eased since 2Q22
as supplies have improved
Good news on the easing of chip shortage problems though.
Source: https://www.forexlive.com/news/fitch-cite-weaker-demand-for-smartphones-20220928/