The Latin American and Caribbean smartphone shipments fell 13% YoY and 17.3% QoQ in Q3 2022, according to the latest research from Counterpoint.

Commenting on the market, Tina Lu, Principal Analyst at Counterpoint attributed the decline in Q3 2022 shipments to high inventories carried over from Q2 2022 and weakened consumer demand in the LATAM region caused by high inflation, currency depreciation and a change in political power.

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