Global Smartphone Market Dips 17% In Q4 2022: Canalys Report

Edited By: Bharat Upadhyay

Final Up to date: January 18, 2023, 11:12 IST

Canalys forecasts flat to marginal development for the smartphone market in 2023

Canalys forecasts flat to marginal development for the smartphone market in 2023, with circumstances anticipated to stay robust.

Worldwide smartphone shipments dropped 17 per cent in This autumn 2022, based on the newest Canalys analysis report. In This autumn, 2022, Apple (with a 25 % share), Samsung (20 %), Xiaomi (11 %), OPPO (10 %), and Vivo (8 %) had been the smartphone leaders.

“The US-based tech large Apple reclaimed the highest spot in This autumn and achieved its highest quarterly market share ever at 25 per cent, regardless of dealing with shrinking demand and manufacturing points in Zhengzhou. Samsung completed the quarter second with a 20 per cent market share however was the biggest vendor for the total yr. Xiaomi retained third place regardless of its share falling to 11 per cent in This autumn, largely on account of challenges in India, a Canalys report stated.

It additionally revealed that smartphone shipments fell 11 per cent to 1.2 billion in 2022, reflecting an especially difficult yr for all smartphone distributors.

“Smartphone distributors have struggled in a tough macroeconomic surroundings all through 2022. This autumn marks the worst annual and This autumn efficiency in a decade. The market’s efficiency in This autumn 2022 stands in stark distinction to This autumn 2021, which noticed surging demand and easing provide points,” stated Canalys Analysis Analyst Runar Bjrhovde.

Canalys forecasts flat to marginal development for the smartphone market in 2023, with circumstances anticipated to stay robust.

“Distributors will strategy 2023 cautiously, prioritizing profitability and defending market share. Distributors are slicing prices to adapt to the brand new market actuality. Constructing robust partnerships with the channel shall be essential for safeguarding market shares as tough market circumstances for each channel companions and distributors can simply result in strenuous negotiation,” stated Canalys Analysis Analyst Le Xuan Chiew.

In associated information, one other report from CyberMedia Analysis (CMR), not too long ago stated that India’s 5G smartphone market is predicted to increase by greater than 70 per cent (on-year) by the tip of CY2023. The Indian smartphone market recorded greater than 13 occasions development in its 5G shipments from the yr of its preliminary introduction in 2020.

“From a mere 4 per cent in CY2020 to a possible greater than 45 per cent market share in CY2023, 5G smartphones have positively come a great distance,” stated Menka Kumari, Analyst-Business Intelligence Group (IIG), CyberMedia Analysis (CMR).

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