When to buy Japanese phone accessories
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Japanese phone companies are facing a wave of backlash after a new study found that Japanese smartphone sales fell by nearly 30% in the third quarter of 2016, with some companies warning of a looming disaster.
According to the new study by research firm Kantar Worldpanel, which was released Tuesday, sales in Japan fell by 7.9% in three months to an estimated 5.8 billion yen ($5.5 billion).
Kantar says the decline is due to a series of factors, including the Japanese economy’s sluggish recovery from the financial crisis and a weak yen.
In the past three months, the Japanese yen has lost nearly 30%, and has also fallen against the U.S. dollar.
It has also been the worst performer in the past year for the U-share index, which measures the exchange rate between the Japanese currency and the U, according to Kantar.
The survey found that in the first quarter of this year, the sales of Japanese smartphone models dropped 5.6%, the lowest quarterly performance in eight years, according a news release from KantarWorldpanel.
The number of smartphones sold in the quarter was down 15.3% from the same period in 2016.
The report also found that the number of sales of smartphone models declined by 4.5%, with only 5.3 million smartphones being sold in Japan last quarter.
Kiyoko Tsubokawa, president of the Kantar Japan consumer and business division, said in a statement that the report was a reminder of the need for companies to keep improving their sales.
“Our survey shows that while sales have continued to fall, they are still not sustainable,” she said.
“Companies need to consider what is best for the market and be bold in improving sales.”
The Japanese economy has been struggling since the global financial crisis.
While the country has benefited from the recovery, the government has failed to boost productivity, and is trying to reduce its deficit by cutting spending.
The government has also pushed through several unpopular austerity measures, including a tax increase on luxury goods, a tax on certain types of alcohol, and an attempt to limit the use of smartphones.
The new report shows that Japanese companies are struggling to keep up with the rapidly changing consumer market.
In the past two years, Japan has had a steep decline in smartphone sales, and the country’s economy has contracted sharply, with unemployment at more than 30% and a projected economic contraction of up to 4.3%.
According to Kantars report, the number, total sales, revenue, and profit for Japanese smartphone companies decreased by 19.7% from 2015 to 2016.
Japanese phone companies are facing a wave of backlash after a new study found that Japanese smartphone sales fell by…