Smartphone sales down 22 percent in Q2, the worst performance in a decade::North American sales are bad for everyone, except, miraculously, Google.
2 points
Also I would add inflation went up, prices jumped. Meaning not so much free spending cash any more. People might have previously had the cash to update phone, just for sake of update even without it being necessary. Now days? People have way more important things they have to spend more money on.
