According to market analysis carried out by Counterpoint, the US smartphone market shrunk by a whopping 24% year-over-year in Q2 this 12 months. That does not come as a shock since that is the third consecutive quarter with declining gross sales.
Manufacturers like Samsung, Motorola and TCL-Alcatel noticed the largest decline in shipments. Samsung’s shipments fell 37%, Motorola’s by 17% and TCL-Alcatel’s by 69%. Interestingly, Apple’s shipments shrunk by simply 6% regardless of the bleeding smartphone market, so expectations for the upcoming iPhone 15 collection stay bullish, analysts say. Google was the one one which elevated its shipments by 48%, though it did not have a lot, to start with.
When the mud settled, Apple is main the market with 55% share, Samsung coming in second with 23% and Motorola taking the third place with 9% market share for Q2 2023.
In stark distinction to the general market situations, foldables are performing excellently, primarily thanks to the brand new competitors – it isn’t simply Samsung anymore. Motorola launched its Razr 40 and 40 Ultra and Google launched its first Pixel Fold. With the discharge of the brand new Samsung Galaxy Z Fold5 and Z Flip5, the foldable market is predicted to attain new highs subsequent quarter.
Analysts blame the latest financial turmoil for the declining smartphone market. People are simply hesitant to improve and so they anticipate the low improve charges to persist all through Q3.
Source