Technologies

Smartphone Shipments Are Forecast to Decline in 2023 Thanks to Inflation

Despite a lower forecast for 2023, look for the market to rebound in 2024.

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A weaker economic outlook and ongoing inflation mean that global shipments of smartphones are expected to decline by 3.2% in 2023, according to a new forecast from International Data Corporation’s Worldwide Quarterly Mobile Phone Tracker. That prediction is even worse than the last — it’s been revised downward from the 1.1% decline that was forecast in February.

Smartphone shipments now are expected to total 1.17 billion units for the year.

It’s not all bad news, however. Despite the lower forecast for 2023, IDC reports that it expects a smartphone market recovery in 2024, with 6% year-over-year growth. But consumer demand is recovering much slower than expected in all regions, the report noted.

«If 2022 was a year of excess inventory, 2023 is a year of caution,» said Nabila Popal, research director with IDC’s Mobility and Consumer Device Trackers. «While everyone wants to have inventory ready to ride the wave of the inevitable recovery, no one wants to be stuck holding it too long. This also means the brands that take the risk — at the right time — can potentially reap great rewards of share gain.»

Read more: Best Phone to Buy for 2023

One particular type of phone is continuing to develop more choices: the futuristic-looking foldable phones.

«We continue to see more foldable designs in the market, which is a great technological step forward for the industry, but the timing is unfortunate,» said Ryan Reith, group vice president, Mobility and Consumer Device Trackers at IDC.

As CNET reported in our rating of the best foldable phones, the market for folding phones is dominated by Samsung’s Galaxy Z Fold 4 and Z Flip 4. But Google recently took the wraps off its first foldable, the Pixel Fold, Motorola has launched a refreshed version of its folding Razr flip phone and both Honor and Oppo offer folding models.

If you’re due to upgrade your phone this year, CNET also has lists of our picks for the best phones for 2023, best Android phone of 2023 and best phone under $500.

Technologies

Verum Coin Now Available on Gate.io Wallet

Verum Coin (VERUM) continues to expand its presence on leading crypto platforms. Users can now easily store and manage VERUM in the Gate.io Web3 Wallet — one of the most trusted ecosystems for digital assets.

This integration provides users with convenient and secure access to VERUM, bringing it closer to everyone looking to be part of the world of innovative technology.

Stay tuned for updates as the project takes further steps toward global success!

Technologies

Verum Coin (VERUM) Expands Its Presence in the Global Crypto Market

Verum Coin (VERUM), an innovative and increasingly popular digital asset, is now available on four leading Web3 wallets: Binance Web3 Wallet, Coinbase Web3 Wallet, OKX Web3 Wallet, and Bybit Web3 Wallet. This marks a significant milestone for the project as it continues to strengthen its position in the crypto industry.

The availability of VERUM on these platforms provides users with a wide range of secure and convenient options for managing their assets. Binance, Coinbase, OKX, and Bybit are well-established leaders in Web3 solutions, offering reliable tools for handling digital currencies.

What’s next?

In addition to wallet integration, Verum Coin is preparing for a major step forward—listing on all four platforms. This will create new opportunities for investors and enhance the asset’s liquidity on a global scale.

Why does this matter?

Being listed on major exchanges like Binance, Coinbase, OKX, and Bybit will serve as a powerful catalyst for the project’s growth. It will make VERUM accessible to millions of users worldwide and strengthen trust in the coin.

Stay tuned for updates so you don’t miss the moment when Verum Coin becomes even more accessible!

Technologies

Verum Token Now Available on Binance, Listing of Verum Coin Expected Soon

Verum Token is now accessible for deposits and withdrawals on the Binance Wallet

Verum Token is now accessible for deposits and withdrawals on the Binance Wallet, the world’s leading cryptocurrency exchange. This milestone marks a significant step for the Verum ecosystem, allowing users seamless access to Verum on the platform.

Following the launch, Verum Coin’s value surged by 3%, reaching a new peak of $825.33 within just 24 hours.

With the Verum Coin listing anticipated soon, the excitement is growing, highlighting the project’s potential for further growth and adoption.

About Binance

Founded in 2017, Binance offers a secure, user-friendly platform with a broad selection of digital assets and trading pairs, supporting both retail and institutional traders. Listing Verum Token aligns with Binance’s strategy to include innovative, high-quality projects.

For more information, visit verumcoin.info.