With 1% decline in Q3 2023 global smartphone market is on recovery path
Canalys has come out with its latest study on global smartphone market for the third quarter of 2023, where it says the global smartphone market seen a slight drop of 1% compared to previous year, but where as sequentially compared to previous quarter, the smartphone market recorded a double-digit growth.
Further findings shared by Canalys includes: Samsung held onto the leading position with a 20% market share, despite a small dip from Q3 2022, while Apple claimed second place with a 17% market share. Xiaomi took the third position with a 14% market share, with unit shipments recovering both annually and sequentially. OPPO (including OnePlus) captured the fourth spot with a 9% market share, owing to its strong position in Asia Pacific. TRANSSION rounded out the top five with a 9% share and remarkable year-over-year expansion. Outside the top five, Huawei made a major comeback in its home market, driven by the new Mate series. “Huawei and Apple's new launches electrified the market this quarter, outshining many other vendors' flagship series renewals,” said Amber Liu, Analyst at Canalys. “Huawei's new Mate series, featuring the latest Kirin chipset, has drawn enthusiastic consumer response in Mainland China. Operators are racing to stock up on Huawei devices to meet the su...
Further findings shared by Canalys includes: Samsung held onto the leading position with a 20% market share, despite a small dip from Q3 2022, while Apple claimed second place with a 17% market share. Xiaomi took the third position with a 14% market share, with unit shipments recovering both annually and sequentially. OPPO (including OnePlus) captured the fourth spot with a 9% market share, owing to its strong position in Asia Pacific. TRANSSION rounded out the top five with a 9% share and remarkable year-over-year expansion. Outside the top five, Huawei made a major comeback in its home market, driven by the new Mate series. “Huawei and Apple's new launches electrified the market this quarter, outshining many other vendors' flagship series renewals,” said Amber Liu, Analyst at Canalys. “Huawei's new Mate series, featuring the latest Kirin chipset, has drawn enthusiastic consumer response in Mainland China. Operators are racing to stock up on Huawei devices to meet the su...
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