After reaching a record $730-billion in sales revenue in 2021, the global demand for IT devices including desktop PCs, laptops, tablets, and smartphones has been shifting back and forth – and although the market significantly recovered after a massive 2022 sales slump, the negative trend is expected to continue this year.
Still, economic uncertainty and pandemic-caused layoffs triggered a huge spending drop in 2022, with total sales revenue falling by a massive $40-billion YoY – the biggest decline in years. And while the entire IT devices market is expected to end this year with a huge $10-billion revenue drop, most of that figure will come from the smartphones segment.
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