Pinoys favor cheap Chinese phones as inflation tames spending
Smartphone sales in the country declined in the second quarter, but at a slower rate, as consumers limited their spending due to high commodity prices, according to IDC.
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Posted 9/3/2023, 6:10:00 PM
inquirer.net
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Apple's iPhone sales in China have surpassed those in the United States for the first time, contributing to Apple potentially becoming the biggest player in the smartphone market this year, despite global smartphone shipments being on track to be the worst in a decade due to economic headwinds in China and the US, according to Counterpoint Research.
Xiaomi reported a decline in revenue and smartphone sales for Q2 2023, with overall revenue decreasing by 4% and smartphone shipments dropping by 15.8%, attributed to weakened global market demand; however, the company maintained its position as the third-largest global manufacturer and ranked second in Europe and the Middle East.
The global smartphone market is expected to decline, but IDC predicts that Apple's iPhone market share will reach an all-time high due to trade-in deals, buy-now-pay-later schemes, and enticing features in their upcoming iPhone 15 Pro Max.
US PC giant Dell Technologies experienced a significant decline in sales in China during Q2 of 2023, with shipments of desktops and notebooks plunging 52% amidst a weaker macro environment and the company's plan to reduce reliance on China-based supply chains.
The global smartphone market continues to decline, with a 6.6% drop in Q2 2023 and a 13.3% decline in the first half of the year compared to 2022, affecting different companies in different ways, with Samsung still leading but facing challenges from Apple, Xiaomi, Oppo, and Transsion.
U.S. manufactured goods orders experienced a significant 2.1% decline in July, the first drop in four months, due in part to higher interest rates impacting business equipment spending.
Apple Inc. experienced a significant decline in its stock price after reports emerged that Chinese government agencies have banned the use of iPhones and other foreign-branded devices by their staff.
Despite its age, Apple has managed to increase its share of smartphone sales by converting Android users and appealing to teenagers, with the iPhone now accounting for over 50% of smartphones sold in the US and claiming around 20% of global smartphone sales.
J.P. Morgan predicts that Apple's iPhone 15 could experience a sales decline due to the launch of Huawei's 5G Mate 60 Pro smartphone.