Global Smartphone Shipments Declined in Q2 2023 but There’s Hope for 2024

Jul. 29, 2023

International Smartphone Shipment Slowdown

Thisreporteddecline has resulted in the shipment of 265.3 million units. It isn’t new as the global shipment channels have been receiving this sort of blowback for thepast eight quarters, including this one. On one hand, this indicates a soft market demand with rising inflation and a reduction in the purchasing power of consumers. On the other hand, this shrink is also indicative of the fact that the global market is stabilizing with increased opportunities for manufacturers to get rid of their excess inventory.

That said, Samsung has continued to stay at the top with a market share of 20.2%, followed by Apple (16% share), Xiaomi (12.5% share), Oppo (9.6% share), and Transsion Holdings (9.5% share).

So, what do you think? Do let us know your thoughts in the comments below.

A curious being who is fascinated by the world of tech and literature alike. Always in the lookout for the “next big thing” in software. In my free time you can find me either trying my hand at gaming or daydreaming about my “ideal gaming setup.”