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<\/span><\/figcaption><\/figure>NEW DELHI: Global smartphone shipments<\/a> will decline 6.5% to 1.27 billion units in 2022 on account of record-breaking inflation, geopolitical tensions, and other macroeconomic conditions that have softened consumer demand, the International Data Corporation (IDC<\/a>) said in its revised forecast, a reduction of three percentage points from previous projections.

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<\/span><\/figcaption><\/figure>
“From a regional view, the economic crisis has hit emerging markets, where a majority of the shipment volume comes from sub-$400 devices<\/a>, significantly harder,” IDC<\/a> said.

Central and Eastern Europe is expected to be down 17.4% in 2022 and Asia\/Pacific (excl. Japan and China), previously projected to 3%, is now expected to decline 4.5% this year. But the most significant impact will come from China, which will decline by 12.5% or 41 million units, contributing to about half of the overall reduction this year, according to the research firm.

In contrast, developed markets like North America (USA and Canada) and Western Europe are forecast to do much better in 2022.

\"The supply constraints pulling down on the market since last year have eased and the industry has shifted to a demand-constrained market. High inventory in channels and low demand with no signs of immediate recovery has OEMs panicking and cutting their orders drastically for 2022. The events of the last twelve months have shaved 150 million units off the market for 2022 from our forecast in the second quarter of 2021,\" said Nabila Popal, research director with IDC's Worldwide Mobility and Consumer Device Trackers.

But despite this decline, the average selling prices (ASPs) have grown 10% annually in Q2 and are forecast to grow 6.3% for the whole year.

\"The premium segment ($800+) has proved resilient to the economic turmoil and has grown four percentage points in share to 16% of the total smartphone market<\/a> and will continue to grow. This includes foldable devices<\/a>, which is the fastest growing segment today and expected to increase 70% year over year in 2022 to reach 13.5 million units shipped,” Popal added.

Global shipments of 5G devices are expected to grow 23.6% year over year in 2022 and account for over half (54%) of all shipments with 688 million devices and an ASP of $616. In the long term, 5G is projected to reach a volume share of 79% in 2026 with an ASP of $444. In contrast, the 4G ASP will hit $176 in 2022, dropping to $106 by the end of the forecast period. As a result, the overall Smartphone ASP will decline from $413 in 2022 to $373 in 2026.

\"Global<\/a><\/figure>

Global 5G subscriptions tally reaches 690 million in Q2: Ericsson<\/a><\/h2>

Ericsson in its Mobility Report has projected global 5G subscriptions to top 1 billion by the end of 2022, driven by North America and China markets while 4G subscriptions are expected to peak at 5 billion this year, before declining to 3.5 billion by the end of 2027 as subscribers migrate to 5G.<\/p><\/div>

\"\"
<\/span><\/figcaption><\/figure>NEW DELHI: Global smartphone shipments<\/a> will decline 6.5% to 1.27 billion units in 2022 on account of record-breaking inflation, geopolitical tensions, and other macroeconomic conditions that have softened consumer demand, the International Data Corporation (IDC<\/a>) said in its revised forecast, a reduction of three percentage points from previous projections.

\"\"
<\/span><\/figcaption><\/figure>
“From a regional view, the economic crisis has hit emerging markets, where a majority of the shipment volume comes from sub-$400 devices<\/a>, significantly harder,” IDC<\/a> said.

Central and Eastern Europe is expected to be down 17.4% in 2022 and Asia\/Pacific (excl. Japan and China), previously projected to 3%, is now expected to decline 4.5% this year. But the most significant impact will come from China, which will decline by 12.5% or 41 million units, contributing to about half of the overall reduction this year, according to the research firm.

In contrast, developed markets like North America (USA and Canada) and Western Europe are forecast to do much better in 2022.

\"The supply constraints pulling down on the market since last year have eased and the industry has shifted to a demand-constrained market. High inventory in channels and low demand with no signs of immediate recovery has OEMs panicking and cutting their orders drastically for 2022. The events of the last twelve months have shaved 150 million units off the market for 2022 from our forecast in the second quarter of 2021,\" said Nabila Popal, research director with IDC's Worldwide Mobility and Consumer Device Trackers.

But despite this decline, the average selling prices (ASPs) have grown 10% annually in Q2 and are forecast to grow 6.3% for the whole year.

\"The premium segment ($800+) has proved resilient to the economic turmoil and has grown four percentage points in share to 16% of the total smartphone market<\/a> and will continue to grow. This includes foldable devices<\/a>, which is the fastest growing segment today and expected to increase 70% year over year in 2022 to reach 13.5 million units shipped,” Popal added.

Global shipments of 5G devices are expected to grow 23.6% year over year in 2022 and account for over half (54%) of all shipments with 688 million devices and an ASP of $616. In the long term, 5G is projected to reach a volume share of 79% in 2026 with an ASP of $444. In contrast, the 4G ASP will hit $176 in 2022, dropping to $106 by the end of the forecast period. As a result, the overall Smartphone ASP will decline from $413 in 2022 to $373 in 2026.

\"Global<\/a><\/figure>

Global 5G subscriptions tally reaches 690 million in Q2: Ericsson<\/a><\/h2>

Ericsson in its Mobility Report has projected global 5G subscriptions to top 1 billion by the end of 2022, driven by North America and China markets while 4G subscriptions are expected to peak at 5 billion this year, before declining to 3.5 billion by the end of 2027 as subscribers migrate to 5G.<\/p><\/div>