IDC said the growth can be attributed to the shift of the commercial segment away from laser printers and toward ink tank printers, which have been proven more cost-effective for printing.
IDC said it expects annual tablet shipments to be back to pre-pandemic levels below one million units beginning in 2023 now that commercial segment have slowed down as procurements among DepEd divisions and local government units (LGU) have tapered off.
According to research firm IDC, the Philippine smartphone market declined 16.7% quarter over quarter (QoQ) and 11.0% year over year (YoY), shipping 3.5 million units for the first quarter of 2023.
A new Visa research report said remittance users in the Philippines and Singapore have overwhelmingly adopted app-based digital payments, with more than half of surveyed users citing ease of use and security as key reasons for going digital.
Opensignal’s latest analysis demonstrates that when there is poor connectivity users spend much less time in apps as they become dissatisfied with the experience and are less likely to retain apps on their device.
Microlending fintech company Plentina released a survey on Filipinos’ financial wellbeing in the workplace that shows nine out ten Filipinos expect their employers to provide them with financial benefits as part of their company’s rewards and compensation.
As employees return to the office around the world and as consumers continue to be cautious of their expenditure, the market continues to witness weakening demand.
IDC said consumers are prioritizing travel and entertainment over smartphone purchases and uncertainty still lingers, which is dampening consumer sentiment.
