TechSpot is celebrating its twenty fifth anniversary. TechSpot means tech evaluation and recommendation you can belief.
The massive image: The world smartphone market continued its decline within the second quarter of 2023 in accordance to separate stories from Canalys and Counterpoint. It wasn’t all doom and gloom, nonetheless, as some segments like premium units continued to present promise.
Canalys mentioned smartphone shipments dipped 11 % 12 months on 12 months in Q2 whereas Counterpoint famous an eight % year-over-year sell-through decline. Both analysis companies agreed that Samsung led the quarter by a big margin. Canalys’ information confirmed Samsung captured a 21 % market share whereas Counterpoint had Sammy at a 22 % share.
Apple completed in second place with a 17 % share as reported by each companies. The third largest model, Xiaomi, secured a 13 % market share in accordance to Canalys (12 % per Counterpoint). Both additionally agreed that Oppo positioned fourth with a ten % market share.
Counterpoint mentioned the worldwide smartphone market is now properly previous its speedy development part, including that that is the eighth consecutive quarter with a YoY decline (or six quarters, in accordance to Canalys). Indeed, shopper substitute cycles are getting longer and a extra mature refurbished market is slowing upgrades within the low-to-mid tier section.
As for premium tiers, development continues to be immune to constraints impacting lower-end segments. In truth, this was the one section that grew in the course of the quarter. According to Canalys, a couple of in 5 smartphones bought throughout Q2 had been flagships. The sustained sturdy efficiency of the premium market has helped firms like Apple make sure that income doesn’t undergo as a lot as gross sales volumes.
Counterpoint added that each one areas noticed gross sales decline in Q2, but the most important declines occurred in additional developed areas just like the US, Japan, and Western Europe, all of which skilled double-digit YoY dips.
Canalys analyst Le Xuan Chiew mentioned the market is sending early indicators of restoration following a number of quarters of decline relationship again to 2022. Specifically, older stock is beginning to clear up to make manner for brand spanking new launches coming later this 12 months.
Image credit score: Daniel Romero
…. to be continued
Read the Original Article
Copyright for syndicated content material belongs to the linked Source : TechSpot – https://www.techspot.com/news/99445-smartphone-shipments-continue-slide-but-secondhand-premium-markets.html