Canalys: smartphone market declines 11% in Q2 but is showing signs of recovery

The smartphone market is in a rough shape after six straight quarters of declining shipments, but Canalys reports that there is light at the end of the tunnel – the analysts have spotted the first signs of recovery. Global smartphone shipments still fell 11% year on year, a bit better than the 12% decline in Q1, though only a bit. However, inventory is clearing up with vendors trying to push out older models to free up space for new launches. They are also trying to secure a supply of key components to hedge against a sudden rise in their prices. The Top 5 smartphone makers...