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Smartphone exports decline for 8 months due to global stagnation


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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