Last Updated: February 05, 2023, 16:44 IST
The international smartphone income declined by 9 per cent.
The international smartphone market declined by 18 per cent (year-over-year) to succeed in 304 million items in This fall 2022.
The international smartphone income declined by 9 per cent, amounting to $409 billion in 2022, the bottom since 2017, a brand new report has mentioned.
According to Counterpoint Research, the worldwide smartphone market declined by 18 per cent (year-over-year) to succeed in 304 million items in This fall 2022.
“The smartphone market remained beneath strain within the fourth quarter of 2022 because the cost-of-living disaster, scarcity within the labour market and a decline in customers’ buying energy resulted in double-digit declines within the shipments of every of the highest 5 smartphone gamers,” said Senior Analyst Harmeet Singh Walia.
Moreover, Apple achieved an all-time high revenue share of 48 per cent in 2022, and also captured the highest-ever operating profit share of 85 per cent.
“Having proficiently managed its production problems, Apple was able to weather a year already marred by economic and geopolitical turmoil better than other major smartphone players,” mentioned Research Director Jeff Fieldhack.
Chinese smartphone gamers suffered from home lockdowns for a lot of the yr along with going through international financial and geopolitical difficulties, mentioned the report.
As a consequence, the shipments of Xiaomi, OPPO and Vivo fell by greater than 20 per cent every.
Despite providing premium telephones at aggressive margins, Chinese manufacturers have but to interrupt into the premium market and have been unable to completely capitalise on Huawei’s decline, the report added.
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(This story has been edited by News18 employees and is revealed from a syndicated news company feed)
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