Is The Smartphone Market Pain Almost Over?
TelecomTV, Wednesday, July 19,2023
After two years of declining sales, the smartphone market finally looks set for some kind of recovery, according to separate market assessments from research houses Canalys and Counterpoint Research.
That doesn't mean an end to the bad news for the mobile handset vendor community, though: The global smartphone market continued to shrink in the second quarter of 2023. Canalys has estimated a year-on-year decline in the volume of shipments of about 11%, and put the total number of devices shipped at around 250 million. That represented the sixth consecutive quarter of year-on-year market contraction.
Counterpoint Research's estimate is that the market suffered an 8% decline in smartphone shipments in the April-to-June quarter, with the research company registering eight consecutive quarters of year-on-year contraction (it doesn't provide guidance on shipment numbers). The figures vary but the broader picture is clear - and it makes for grim reading.