The smartphone market is going through a downturn amid economic setbacks and channel inventory correction. Most analysts expect the downturn to linger for a while and this view was echoed by a corporate executive.
What Happened: The smartphone market might not regain momentum at least in the fiscal year 2022, which ends in March, and will likely extend to the next term, Norio Nakajima, President of Murata Manufacturing Co. Ltd. (OTC:MRAAY) told Bloomberg in an interview.
