Not Even Qualcomm Thinks People Are Going to Buy Smartphones Right Now

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Not Even Qualcomm Thinks People Are Going to Buy Smartphones Right Now
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Even Qualcomm, the company that makes the near-ubiquitous Snapdragon brand of smartphone chips, doesn’t think many people are going to be buying smartphones for a while.

last month that found that smartphone shipments had dropped nearly 20% compared to the same period of time last year. Additionally, it pointed out that the 18.3% year-over-year drop was poised to put a damper on the prospects of economic recovery.

Apple, which experienced the smallest drop, still saw a 14.9% YOY drop. Chinese manufacturer Xiaomi suffered the worst decline at 26.3% YOY. Samsung, which has the second-highest market share after Apple, dropped 15.6%. While Qualcomm typically doesn’t do most of its business in the next quarter, since most smartphone sales take place in the fall and winter, and expects to be flat going into the end of the year, and believes it is possible things might “normalize” at that point.

The economic environment for smartphones outlined by both Qualcomm and the IDC does not paint a particularly rosy picture for either Samsung or Vivo, both of which announced new flagship smartphones this week.

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