S.Korean smartphone sales fall 6% in 2022

Seoul, April 3 : Sales of smartphones in South Korea fell 6 per cent last year from a year earlier amid an economic slowdown, industry data showed on Monday.Samsung Electronics, the worlds leading smartphone maker, saw its smartphone sales decline 2 per cent on-year in its home country in 2022, while sales of Apples iPhone inched down 0.

4 per cent from a year ago, market analyst firm Counterpoint Research said without providing any further details on sales volumes.Sales of other players tumbled 71 per cent on-year last year due to a base effect stemming from LG Electronics exit from the mobile business in 2021.

Samsung Electronics Galaxy S22 Ultra was the bestselling smartphone model last year, followed by the Galaxy Z Flip 4, Galaxy S22 5G and iPhone 13.The combined sales of 10 top-selling smartphone models accounted for 46 percent of the total sales last year, down 7 percentage points from a year ago."Lingering economic uncertainties will drag down demand for budget smartphones this year," Shin Kyung-hwan, an analyst from Counterpoint Research, said."Apples iPhone 14 Pro and iPhone 14 Pro Max will lead the local smartphone market in the first quarter.

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