It mentioned the festive season in India, the 11.11 sale occasion in China and end-of-year promotions throughout areas would additionally help the market.
The world smartphone market contracted by 8% to its lowest thirdquarter stage in a decade on subdued demand for main manufacturers together with Apple and Samsung in most developed markets, in accordance with knowledge from Counterpoint Research.
The world smartphone market contracted by 8% to its lowest third-quarter stage in a decade on subdued demand for main manufacturers together with Apple and Samsung in most developed markets, in accordance with knowledge from Counterpoint Research.
The knowledge, shared completely with Reuters, confirmed that the share of the highest 5 manufacturers, which additionally embody Chinese companies Xiaomi, Oppo and Vivo, had fallen to a three-year low.
The report followers fears that the market’s ongoing droop might sap upcoming earnings at firms like Apple, whose shipments declined by 8% within the quarter. Market chief Samsung posted a 13% drop in sell-through volumes within the interval.
Among those who gained market share within the quarter are Apple’s Chinese rival, Huawei, which regardless of the strict U.S. sanctions in opposition to it, shocked the business earlier this 12 months with its Mate 60 Pro smartphone that makes use of a complicated domestically made chip.
But total shipments rose 2% industrywide from the second quarter, elevating hopes that the market might snap its greater than two-year run of year-on-year declines within the final three months of the 12 months.
Counterpoint cited the iPhone 15 lineup that went on sale in September as an element that might assist revive progress in developed markets such because the United States, Europe and Korea.
”Following a robust September, we count on the momentum to proceed till the year-end starting with full affect of iPhone 15 collection,” the market analysis agency mentioned.
It mentioned the festive season in India, the 11.11 sale occasion in China and end-of-year promotions throughout areas would additionally help the market.
So far, rising markets have been a brilliant spot for smartphone gross sales in an in any other case dour 12 months. In the third quarter, the Middle East and Africa had been the one areas to document year-on-year progress, in accordance with Counterpoint knowledge.
(This story has been edited by News18 employees and is printed from a syndicated news company feed – Reuters)
Source web site: www.news18.com
