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Smartphone exports decline for 8 months due to global stagnation

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Korea's smartphone exports have fallen for the eight consecutive month According to the Ministry of Science and ICT on Sunday, exports of finished smartphones and components recorded 910 million U

S dollars in March, a 33 percent decline from the same period last year

Due to global stagnation in the smartphone market, exports of finished smartphones fell almost 40 percent year-on-year, while exports of smartphone components also declined partially as local phone makers expanded overseas production Market research firm Strategic Analytics also forecast the global smartphone market will shrink by 2-point-9 percent by shipment compared to last year

Source: Youtube

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