NEEDHAM, Mass.—After reporting declining smartphone shipments for most of 2023, the International Data Corporation (IDC) is predicting that worldwide smartphone shipments are forecast to see 7.3% year-over-year growth in the fourth quarter of 2023 (4Q23).
IDC Worldwide Quarterly Mobile Phone Tracker forecast for the holiday quarter follows the modest improvement in 3Q23 without further inventory buildup, which has led some channels and major OEMs to ramp up their business plans for the months ahead.
