Posted 10/16/2023, 3:26:00 PM
Global Smartphone Shipments See Steepest Decline in a Decade in Q3 as Top Brands Lose Share
- Global smartphone market contracted 8% in Q3 2022, lowest level in a decade per Counterpoint Research
- Top 5 brands (Apple, Samsung, Xiaomi, Oppo, Vivo) saw market share fall to 3-year low
- Apple shipments declined 8% in Q3
- Samsung shipments fell 13% in Q3
- Huawei gained market share despite U.S. sanctions with its Mate 60 Pro using domestic chip
- Overall shipments rose 2% from Q2, raising hopes market could snap years of declines by year-end
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