Smartphone Market

Inflation and fears of a recession are at the forefront of consumers' minds, and spending on tablets has taken a backseat as the need for pandemic-era levels of use has fallen, according to a Canal's report. "Unlike notebooks, tablets are not vital for business productivity, so commercial demand has not helped to offset the drop in consumer purchases," said analyst Himani Mukka.

The Q2 global smartphone figures are the lowest quarterly figure since Q2 2020, when the pandemic first hit. Samsung led the market with 61.8 million smartphones shipped and a 21 per cent market share. Despite the weak seasonality, Apple held on to second place, shipping 49.5 million iPhones for a 17 per cent market share.

The last time the sales were lower than this point was nearly a decade ago in Q4 2012, when the iPhone 5 was introduced. With a 19.8 per cent share, Vivo retained its first place in Q2, followed by Honor (18.3 per cent) and OPPO (17.9 per cent), according to Counterpoint Research. The quarter's volumes were 12.6 per cent lower than the level seen during the severe pandemic-hit Q1 2020.

According to a report in the South China Morning Post, the company's business in India will remain in operation, managed by local partners, but the brand will adopt a "very safe approach." Honor CEO Zhao Ming told state-run newspaper Securities Times that Honor formed the India team a few years ago but chose to leave for "obvious reasons", the report said.

Xiaomi retained its market-leading position, shipping 7 million units, despite experiencing another quarter of both annual and sequential decline. With 6.7 million shipments, Samsung came second, pulling closer to Xiaomi, according to market research firm Canalys. Remaining in third place, realme shipped 6.1 million units, while vivo and OPPO completed the top five, shipping 6 million and 5.5 million units, respectively.

The South Indian tech YouTube community was particularly displeased as they did not receive the review units of the device that will be available in India from July 21. The hashtag #DearNothing started trending on Twitter after a tech YouTuber, who goes by the username aPrasadtechintelugu', posted a video on the day of the launch.

Meizu's market share has since fallen to just 0.1 per cent in China. "Mobile phones and devices have quickly evolved into mobile terminals and application platforms, which not only allow users to enjoy the fruits of innovation in the quickest manner possible, they also act as a pathway to greater automotive applications," Geely said in a statement.

Organisations face mounting pressures to improve and document their ESG performance. Because the initial steps to a sustainable transformation can be daunting to firms that have not attempted anything similar in the past, sustainability-linked consulting spending has become a high priority, according to the IDC forecast. "In 2022, all enterprises are being pushed to transform and fundamentally change the way they do business to become sustainable enterprises,".

It was aided by the 20-25 per cent tariff hike taken in December 2021 by Airtel, Vodafone Idea, and Reliance Jio. "Finally, consumer spend on telecom services has crossed pre-RJio levels (previous high was in Q1FY17)," said the brokerage house.

According to research firm Counterpoint, the quarter's volumes were close to the levels seen during the severe pandemic-hit first quarter in 2020. "China's economy grew by only 4.8 per cent YoY in Q1 2022, lower than the 5.5 per cent annual growth target set by the government, as the country was weighed down by the pandemic and related lockdowns," Mengmeng Zhang, Research Analyst.