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Research firm Counterpoint cut growth expectations for global smartphone shipments in 2025 to 1.9% on Wednesday, down from its earlier forecast of 4.2%, citing uncertainties surrounding U.S. tariffs.
US President Donald Trump announced a series of tariffs on April 2, prompting companies such as Apple to adjust supply chains. However, the US suspended the tariffs on smartphones and other electronic devices as part of a broader 90-day pause.
The downgrade signals challenges for manufacturers that already face weakening sales amid heightened…
