Global smartphone shipments will drop to 1.2 billion units in 2023, the lowest level in almost a decade despite a 3% year-on-year increase to 312 million units in the final three months of the year, the technology analyst firm Counterpoint Research predicts.
Chinese telecommunications equipment vendor Huawei Technologies is making a bid to sell its Honor smartphone unit which markets cheaper devices compared to the flagship ones that are put out under the Huawei brand.