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Worldwide tablet market takes a hit amid global economic hardships

October 28, 2022

Via: ZDnet

The pandemic caused a large boost in tablet sales due to virtual schooling and work needs. With the world slowly returning to normal and global inflation hitting consumers’ pocketbooks, the worldwide tablet market is suffering a decline, according to a Strategy Analytics study.

Rising costs for everyday necessities such as groceries, gas and housing means less money in people’s pockets for products that fall under the luxury category. Therefore, tablets have experienced a shift from a work-from-home need to a luxury item, and the overall market fell 16% year-over-year in the third quarter of 2022.

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