Global smartphone shipments declined 9% on an annual basis during the third quarter and the outlook for the current quarter is gloomy.
The global smartphone industry had a rather poor third quarter according to the latest report from analytical firm
was next as it shipped 53 million iPhone models in the quarter, up 8% from the same time period last year. Apple now owns 18% of the global smartphone market.In third-place was Xiaomi, which like, suffered an 8% decline in shipments during the third quarter. The company shipped 40.5 million units giving it a 14% slice of the global smartphone pie. Oppo finished fourth but had the largest decline in shipments on an annual basis at 22%. After the decline, Oppo shipped 28.
Canalys Research Analyst Runar Bjørhovde says that the only sector of the market showing growth was the high-end. He adds,"Apple reached its highest Q3 market share yet, driven by both the iPhone 13 and newly launched iPhone 14 series. The popularity of the iPhone 14 Pro and Pro Max, in particular, will contribute to a higher ASP and stable revenue for Apple."
Canalys Analyst Sanyam Chaurasia took a look at the global aspects of the smartphone industry."Europe and Asia Pacific outperformed the rest of the world in Q3," the analyst wrote."Europe avoided a significant drop helped by a spike in shipments to Russia. Here, Chinese vendors leveraged short-term opportunities to stock up the channel in a market that has been undersupplied during previous quarters.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World is on track for 2.5°C of global warming by end of the centuryThe world is set to emit enough carbon to exceed the 1.5°C global warming target within the next decade, according to new analysis from the UN
Read more »
Global Streaming Is Still Growing, But Starting to Get SqueezedMid-level projects grow scarcer, targeted markets become more selective and inexpensive reality formats are on the rise as cost-consciousness hits major platforms, yet overseas is still where it’s at: 'It’s a trend that is here to stay.'
Read more »
Taylor: Two global finance scenarios arising from late 2022Taylor: Want to see something really scary? Two global finance scenarios arising from late 2022
Read more »
‘Leila’s Brothers,‘ ’Tug of War‘ to Bookend London’s Inaugural Muslim Themed Qisah Film Festival – Global BulletinFESTIVAL Saeed Roustayi’s Cannes winner “Leila’s Brothers” and Amil Shivji’s Toronto selection and Tanzanian Oscar submission “Tug of War” will open and cl…
Read more »
Global firms urge governments to require mandatory disclosures on natureOver 330 businesses on Wednesday urged world leaders to force large companies to assess and disclose their impact on nature by 2030, ahead of the COP15 global talks on biodiversity in December.
Read more »