Global Smartphone Market Faces Decline in 2022 Due to COVID, Inflation: TrendForce

Smartphone market in 2022 is expected to decline due to COVID and inflation, according to a recent report by market research firm TrendForce. The global smartphone production volume in Q1 2022 stood at 310 million units — a QoQ decrease of 12.8 percent. The return of the pandemic in China in 2022 also contributed to the drop in the global mobile phone production to 309 million units. China’s smartphone market still ranks first in the world. It is worth noting that during the same time period in 2021, when the pandemic in India and Southeast Asia caused drop in total production, the mobile phone production saw a slight growth of 7 percent. The total production forecast for the entire year stands at 1.3 billion devices at the moment, which is less than 2021.

The demand for smartphones came down due to the pandemic prevention measures along with inflation, TrendForce reports. The war between Russia and Ukraine has contributed to the rising global inflation. Thus, the numbers have come down in the first half of the year majorly due to the impact of China’s lockdown on the economy, the market research firm added. The drop in the second half will be due to the inflation crisis. The complete production forecast for the whole year have come down to 1.33 billion units.

China smartphone market still ranks first in terms of overall sales market share, the TrendForce reports claims. Due to the pandemic, the market share has dropped to 21.1 percent from 24.2 percent this year. The total shipment forecast has also fallen from 325 million units a year ago to 283 million units, indicating an annual decline of approximately 12.9 percent. As mentioned earlier, during the same time period in 2021, when the pandemic in India and Southeast Asia caused drop in total production, the mobile phone production saw a slight growth of 7 percent.

Considering the national shipment share ranking forecast of the current year, the top three positions will be held by China, India, and the United States with a share of 21.1 percent, 13.1 percent, and 11 percent respectively, TrendForce says.


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Daily COVID cases fall below 1000-mark; Country reports 6 deaths

On Monday, the country recorded less than 1000 new COVID-19 cases, almost after a week. A total of 861 new cases and six deaths were reported in the last 24 hours. According to the Union Ministry of Family and Welfare, the daily positivity rate is at 0.32 percent. The active cases in the country stand at 11,058 which accounts for 0.03 percent of the total cases.

According to the reports, 929 COVID patients recovered in the last 24 hours taking the total number of recoveries in the country since the beginning of the pandemic to 4,25,03,383. The rate of recovery is 98.76 percent. Meanwhile, the death toll in the country rose to 5,21,691. As far as the COVID vaccination drive is concerned, a total of 1,85,74,18,827 so far.

Meanwhile, the Health Ministry had permitted the precautionary dose of COVID vaccine for all adults from April 10. The precautionary dose will be available at the private vaccination centers for all 18+ adults. The announcement was made by the Union health ministry on Friday. “It has been decided that precaution dose of COVID vaccines will be made available to 18+ population group at private vaccination centers,” read the statement. 

To note, the largest countrywide vaccination drive started in January last year with healthcare workers getting inoculated in the first phase. The second phase of the COVID vaccination drive began on March 1 for people above 60 years, while the vaccination drive for all aged more than 45 years was launched on April 1, 2021.

ALSO READ: COVID-19 booster doses permitted for all adults from April 10: Health Ministry



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Over 10 Million People Receive First Dose Of COVID-19 Vaccines In US

The us reached 10.2 million inoculations at some point after the CDC and Trump administration gave new guidance to U.S. states on who should receive the shots first.

More than 10 million Americans have received their first dose of a COVID-19 vaccine as of Wednesday, according to the U.S. Centers for Disease Control and Prevention, as the year-old pandemic roared on unchecked.

The us reached 10.2 million inoculations at some point after the CDC and Trump administration gave new guidance to U.S. states on who should receive the shots first. Strict rules putting healthcare workers first in line had slowed the rollout. Now states are urged to vaccinate anyone over 65 as well.

The milestone came because the us set a replacement record for coronavirus deaths in at some point , with 4,336 fatalities on Tuesday, consistent with a Reuters tally.

Health and Human Services Secretary Alex Azar on Tuesday said the administration was releasing its full accumulation of two vaccines approved for emergency use, including some that had been held in reserve to form sure that second doses might be given on schedule.

Nearly 30 million doses of the vaccines, produed by Moderna and Pfizer with its German partner BioNTech, are released to U.S. states, which have used only one-third of them.

In an interview with the Reuters on Tuesday, Dr. Paul Stoffels also said J&J expected to view its stated target of delivering 1 billion doses of its vaccine by the top of this year because the company grade up production.

Political leaders and health officials nationwide have contend in recent days to impose more vaccines to their citizens, many lowering the age precondition to 65. California and ny have both pledged to inoculate a million residents this month.

NEW YORK SEEKS MORE VACCINE

In ny City, Mayor Bill de Blasio, a Democrat, said on Wednesday that short supplies of the vaccine could hamper efforts to succeed in the city’s inoculation goals.

At the Javits Center in Manhattan, which was pressed into service as a short lived hospital in April, health officials said they were prepared to vaccinate ten thousand people in 12 hours, with the power to build up to 25,000 during a 24-hour period.

Nationwide more than 380,000 people have died of COVID-19. A total of 22.7 million have been infected during that time. More than 30,000 Californians have thus far died of COVID-19 related illness. The number of COVID-19 patients requiring hospitalization may have touch down a minimum of temporarily, presistent with the Reuters tally, although public health officials warned that further spread should be seen from holiday gatherings.

The recent necessity of a more infectious variant of the virus first seen within the UK has made efforts to accelerate vaccinations all the most important. The purported UK variant has thus far been confirmed in a minimum of 10 U.S. states.

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