No Sign of Smartphone Recovery Until Late 2023, TDK CEO Cautions
- TDK president offers most cautious view on market among peers
- China will remain ‘one of the most important markets’
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Global smartphone sales won’t pick up until the year-end holiday season of 2023, battery supplier TDK Corp. warned, offering the most cautious outlook yet on the lackluster market hit by inflationary and geopolitical pressures.
Tokyo-based TDK, which provides batteries for the entire mobile industry including Apple Inc.’s iPhone, sees little indication of a rebound following major declines in handset sales, especially in the key market of China.