TrendForce: Smartphone Production Fell to About 289 Million Units for 3Q22
TrendForce consulting research shows that because smartphone brand manufacturers give priority to reducing channel finished product inventory, they are relatively conservative in their production plans for the third quarter. Superimposed with the impact of the weak global economy, the total global smartphone production in the third quarter was 289 million units, a decrease of 0.9% from the previous quarter and a decrease of 11% from the same period last year.
TrendForce expects that in the fourth quarter, smartphone manufacturers will continue to aim to reduce existing inventory and accelerate destocking for end-of-year festivals, e-commerce promotions, and other activities. It is estimated that the output of smartphones in the fourth quarter will be 316 million units, an increase of 9.3% compared with the previous quarter. However, compared with the recession in the same period in 2021, the market is not expected to recover until the second quarter of 2023 at the earliest.