Smartphone forecasts suggest investors are right to worry about technology earnings this year

Smartphone forecasts suggest investors are right to worry about technology earnings this year

Analysts at New York investment house Cowen now expect worldwide mobile phone shipments this year to decline by 6% from a year ago to 1.36 billion. In 2023, the company projects shipments will dip by another 2% to 1.33 billion units. Perhaps most worrying for investors is Cowen’s analysis of where the market problems lie: In weakness in the high-end smartphone market.

Smartphone forecasts suggest investors are right to worry about technology earnings this year

Energy and financials can’t hold up the market

Worries about smart phone and chip demand hit stocks hard today–and a rise in commodity prices, while good for commodity producers raised fears of higher inflation. As of 3 p.m. New York time, the Standard & Poor’s 500 stock index was off 0.79% and the Dow Jones Industrial Average was lower by 0.43%.

Smartphone forecasts suggest investors are right to worry about technology earnings this year

How will Apple’s new iPhone match up with the competition from Samsung’s Note 8? Here’s what we know

Back on August 24 I wrote a post rating the snazz of the new Note 8, the top of the line smartphone that Samsung had just introduced. The Note 8, I wrote, set the bar for the high end of the smartphone market that Apple’s new phone would have to jump at its introduction this fall.
Now obviously we know a lot about the Note 8. The phone is in the hands of tech journalists (and soon consumers) who can try out and describe actual features of the phone. Nobody has put his or her hands on an iPhone 8 yet. But that doesn’t mean that we don’t know anything about that phone.