Global Smartphone Shipments Fell 9 Percent in Q2 2022, Samsung Holds Biggest Market Share: Canalys

International smartphone shipments fell 9 p.c in Q2 2022, in line with a report by market analyst agency Canalys. Samsung took first place with a 21 p.c market share with its A collection handset provide. Apple got here in second with a 17 p.c share out there with the iPhone 13 staying excessive in demand. Chinese language manufacturers like Oppo, Vivo, and Xiaomi handled declines of 10 p.c, 9 p.c, and 14 p.c in market share, respectively. In keeping with the agency, the waning demand was because of financial headwinds and regional uncertainty.

In keeping with a report by Canalys, smartphone shipments for the second quarter of the yr declined by 9 p.c on a year-over-year foundation. As talked about earlier, by strengthening the availability of its low-end A collection handsets, Samsung took first place with 21 p.c of the market share as in comparison with 18 p.c in Q1 2021. The iPhone 13 additionally remained in excessive demand, bringing Apple to second place with a 17 p.c of the market share, up from 14 p.c a yr in the past.

The report indicated that Oppo, Vivo, and Xiaomi are persevering with to wrestle in China. The market share of Oppo fell from 11 p.c to 10 p.c, whereas Vivo’s share went down from 10 p.c to 9 p.c and Xiaomi’s market share additionally dropped from 17 p.c to 14 p.c.

“Financial headwinds, sluggish demand, and stock pileup have resulted in distributors quickly reassessing their portfolio methods for the remainder of 2022. The oversupplied mid-range is an uncovered section for distributors to concentrate on adjusting new launches, as budget-constrained shoppers shift their machine purchases towards the decrease finish,” stated Canalys Analysis Analyst Runar Bjørhovde speaking in regards to the knowledge.

To recall, as per a current report by Counterpoint, the ‘Made in India’ smartphone shipments have seen a 7 p.c YoY development in Q1 2022. The smartphone shipments out there had crossed over 48 million models, in line with the report.

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