Samsung S23 Ultra

Can Samsung S23 Ultra Revive the Smartphone World?

 

Gina Luk

March 24, 2023

Samsung S23 Ultra

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The worldwide smartphone market experienced a significant slump in 2022, with a -17% drop in units shipped. This downturn is attributed to both the effects of inflation and the ongoing COVID-19 pandemic. It was the worst performance in the history of the industry, making 2022 a year to forget for smartphone makers. However, the industry is now looking forward to the future, with new 5G models hitting the market in 2023. The Samsung Galaxy Ultra S23 is one such model, and it is critical to Samsung's revenue, profit, and overall success. Furthermore, the business smartphone market is expected to grow steadily over the next five years, with a projected compound annual growth rate of 9% from 2023-2028. Despite the challenges of the past year, the smartphone industry remains optimistic about the future.

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