Global smartphone shipments have dipped sharply by 18.3% to 300.3 million units in the last quarter of 2002, reported IDC, making the holiday quarter the worst decline in a single quarter in 2022 and the fourth consecutive quarter for declined shipments. With smartphone shipments totaling 1.21 billion units in 2022, last year saw the lowest annual smartphone shipment since 2013, when shipments have slumped 11.3%.

Read more: Why Smartphone Shipments Are on the Decline

The healthcare industry has witnessed a big leap with IoT technology. The ability of the Internet of Things (IoT) to connect real-time data with users — together with the emergence of ultra-low latency, high bandwidth 5G — is a game-changer for the healthcare industry.

Read more: IoT and Its Role in Revolutionizing the Healthcare Industry

The tech war between the US and China continues to gain momentum. To counter a move by the US to disrupt China’s semiconductor technology supply, China is allocating $143 billion to boost its capabilities in advanced chip design and manufacturing. As one of several measures, this fund will provide financial subsidies and incentives for Chinese chipmakers to develop and acquire the required semiconductor technology.

Read more: US Continues to Limit China’s High-Tech Sector With Fresh Bans

Since the beginning of the year, there have been around 210,000 layoffs at big tech companies in the US. In November alone, there were 46,000 job cuts in the US, with Meta, Google, Microsoft and Amazon among the big techs that are implementing such massive layoffs.

Read more: Growing Tech Layoffs and What It Means for the Sector

5G promises new and innovative capabilities that bring marked improvements to enterprises. Apart from being the improved version of preceding mobile communication technology, 5G enables new applications across enterprise sectors, taking IoT and industrial applications to unprecedented levels. These new capacities allow enterprises to create new digital services, new business opportunities and viable monetization models to raise their overall competitive edge in a fast-evolving business landscape.

Read more: Advancing Enterprise 5G to Sustain Growth and Transformation

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